Domestic car sales surged 93.07% in April from a year earlier to 58,132 vehicles, coming off a very low base last year when the country was in a full lockdown, the Federation of Thai Industries said on Thursday. Sales rose 25.47% year-on-year to 74,295 cars in March, a month before a third wave of coronavirus […]
Read MoreThe global pandemic has revealed weaknesses hidden within Thailand’s tourism strategy for decades. Deserted walking streets and shuttered hotels can be found everywhere today with no sign of recovery in sight, as 80%-90% of tourism-related businesses have closed because of the lack of foreign visitors. This market contributed up to two-thirds of the industry’s total […]
Read MoreThe baht opened at 31.37 to the US dollar on Friday, strengthening slightly from Thursday’s closing rate of 31.45. The Thai currency is likely to move between 31.35 and 31.45 during the day, Krungthai Bank market strategist Poon Panichpibool said. He predicted that the baht would weaken in the short term due to the market […]
Read MoreDomestic car sales surged 93.07% in April from a year earlier to 58,132 vehicles, coming off a very low base last year when the country was in a full lockdown, the Federation of Thai Industries said on Thursday. Sales rose 25.47% year-on-year to 74,295 cars in March, a month before a third wave of coronavirus […]
Read MoreThe Joint Standing Committee on Commerce, Industry and Banking (JSCCIB) has reduced its GDP growth forecast to 0.5-2% due to the severe impact of the third Covid-19 outbreak despite bright export prospects this year. Even the state’s plan to reopen Thailand by allowing vaccinated foreign tourists to visit Phuket without quarantine later this year may […]
Read MoreA global chip shortage is creating more pressure for manufacturers in Vietnam as they deal with slowed-down production for electronics and tech products, while local and overseas players are racing to prepare new premises for the production of much-needed supply. Last week, Vingroup officially announced the shutdown of VinSmart, its smartphone and TV production arm, to […]
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Thailand
