A new round of restrictions aimed at containing the fresh wave of Covid-19 will shake the Thai economy’s fragile recovery from its 2020 slump, says CIMB bank. The bank has revised down its GDP growth forecast for 2021 from 2.6 per cent to 2.2 per cent. The Bank of Thailand has already signalled it will […]
Read MoreThe Cabinet agreed on Tuesday to reduce export tariff for rice heading to Europe and the United Kingdom in a bid to boost the competitiveness of Thai rice in the world market. Deputy government spokesperson Ratchada Thanadirek said the Commerce Ministry had proposed the reduction on tariff based on agreements between Thailand and the European […]
Read MoreThe Export-Import Bank of Thailand has thrown a credit lifeline to small Thai businesses in CLMV countries that have been hit by the pandemic as well as the crisis in Myanmar. EXIM Thailand is offering the SMEs a 3-year credit facility of up to THB20 million at 3.99 per cent interest per annum. Meanwhile, its […]
Read MoreThe price of gold in Thailand dropped by THB100 per baht weight in morning trade on Wednesday as investors delayed trading to follow the outcome of a key Federal Reserve meeting and the US first-quarter gross domestic product. AGold Traders Association report at 9.22am showed the buying price of a gold bar was THB26,250 per […]
Read MoreThe baht opened at 31.36 to the US dollar on Wednesday, strengthening from its close of 31.43 on Tuesday. The Thai currency is likely to move between 31.30 and 31.45 during the day, Krungthai Bank market strategist Poon Panichpibool said. He predicted that the baht would fluctuate on Wednesday over concern of the Covid-19 situation […]
Read MoreAverage household debt for Thai workers recorded a historic surge of almost 30% to around 205,000 baht in 2021 when compared with 2019, driven by the pandemic, says the University of the Thai Chamber of Commerce (UTCC). The survey by the UTCC’s Center for Economic and Business Forecasting gauged 1,256 respondents across the country from […]
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