Eateries are braving the unprecedented Covid-19 crisis, with the government’s latest announcement to ban dining-in at restaurants across high-risk areas including Bangkok through July anticipated to aggravate their plight. Nongchanok Stananonth, assistant vice-president of marketing at SLRT, operator of Sizzler restaurant chain, said that with the new measure, 31 Sizzler restaurants out of 57 have […]
Read MoreThe Bank of Thailand (BoT) is considering adjusting the foreign exchange regulatory framework to help the economy better cope with volatility, officials said on Tuesday, as the baht hit a more than 13-month low against the US dollar. The adjustments include reducing foreign exchange limitations, facilitating hedging and removing a requirement of supporting documents for […]
Read MoreExport stocks in many industries are expected to gain from a 6% depreciation of the Thai baht since mid-May as the prospects of US economic recovery and an inflation rate hike has caused the US dollar to rise, according to KTBST Securities. Petrochemical, energy and material import stocks from businesses abroad face losses on the […]
Read MoreThere will be penalties for people who break their 14-day mandatory stay in Phuket as the provincial government has been given full authority to impose a fine or withdraw quarantine-free privilege from tourists. The regulations, published in the Royal Gazette, not only grants permission to Phuket to reopen without quarantine to inoculated tourists but also authorised nine […]
Read MoreHotel operators in Phuket say they are ready to reopen and have prepared measures to receive foreign visitors when the island province reopens under the Phuket Tourism Sandbox scheme on Thursday. The Bangkok Post talked to several hotel operators on the southern island about what they have done to prepare themselves to curb the spread of Covid-19 […]
Read MoreThe baht opened at 31.93 to the US dollar on Tuesday, unchanged from Monday’s closing rate. The Thai currency is likely to move between 31.85 and 32.00 during the day, Krungthai Bank market strategist Poon Panichpibool said. He said the most important factor influencing the baht was the Covid-19 crisis in Thailand, and the vaccine […]
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