Former deputy prime minister Somkid Jatusripitak has suggested Thai manufacturers build their own e-commerce platforms rather than rely heavily on existing leading e-commerce platforms and retail chains. “Covid-19 is likely to stay with us for a long time, leading people to need personal services,” said Mr Somkid, now chairman of Saha Pathana Inter-Holding Plc, a […]
Read MoreThe baht is expected to remain weak in the short term because the US Federal Reserve is likely to raise its policy rate earlier than projected. The local currency fell to 31.68 baht to the US dollar during trading yesterday, the lowest rate in 10 months. The baht’s depreciation is in line with regional currencies […]
Read MoreSugar cane output for the 2021-22 crop year is expected to drop below 100 million tonnes as sugar millers are offering higher prices amid tough competition to buy crops. Drought is a major factor reducing yields, which will affect sugar production and exports. Even in the wet season, Thailand will see less rainfall this year, […]
Read MoreAfter a full year of Covid-induced financial pressure with limited significant improvement in the economy, the outlook for the office and hotel markets remains challenging, according to the international property consultant CBRE. Mounting supply is emerging in the office market as tenants consider scaling back space, while average occupancy of Bangkok hotels remained near rock-bottom […]
Read MoreThe global chip shortage is pushing up prices of items such as laptops and printers and is threatening to do the same to other top-selling devices including smartphones. Price increases are snowballing their way through suppliers and key materials in chip making as the industry rushes to meet rising demand and plug supply holes. As […]
Read MoreFitch Ratings has affirmed Thailand’s long-term foreign-currency issuer default rating (IDR) at BBB+ with a stable outlook. The country’s ratings are supported by robust external and public finances, which continue to provide buffers against downside risks amid a prolonged economic recovery from the coronavirus pandemic, Fitch said in a statement. “These strengths are balanced against […]
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