State-run Electricity Generating Authority of Thailand (Egat) estimates electricity output and imports this year to rise by 1.68% to 195.16 billion kilowatt hour (KWH), from 191.93 billion KWH last year, due to a extended hot season and positive socio-economic factors. Egat governor, Boonyanit Wongrukmit, said the increase is based on assumptions that power demand will […]
Read MoreThe country risks fuelling the decade-high unemployment rate and household debt with the imposition of lockdown-like measures to contain the deadliest Covid outbreak, according to some economists. The greater Bangkok area, accounting for about 50% of gross domestic product, will shutter shopping malls, spas, massage and beauty clinics for at least two weeks starting Monday. […]
Read MoreThe National Economic and Social Development Council (NESDC) plans to table before the cabinet on Tuesday remedy measures for those affected by the strict lockdown measures that took effect on Monday, says a cabinet source who requested anonymity. The remedy is to be funded by the 500-billion-baht emergency loan, which is expected to be adequate […]
Read MoreInvestment in foreign stocks has risen exponentially as Thais rush to buy high-growth stocks in global markets after recently being allowed to do so through local brokers, while Thai stocks remain volatile during the pandemic. According to the Securities and Exchange Commission (SEC), revenues from global stock trading through local brokers for the first half […]
Read MoreThe baht opened at 32.50 to the US dollar on Monday, strengthening from Friday’s closing rate of 32.60. The Thai currency is likely to move between 32.45 and 32.60 during the day and between 32.40 and 32.90 this week, Krungthai Bank market strategist Poon Panichpibool said. Poon said that the baht would weaken, as foreign […]
Read MoreThailand is scheduled to sign a memorandum of understanding (MoU) today to form a deeper trade partnership through a “mini-FTA” with Kofu city in central Japan. Once signed, the trade partnership with Kofu will be the first mini trade agreement for the Thai government. A similar pact with Telangana state in India was scheduled to […]
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Thailand
