BENGALURU: The Thai baht jumped to a more than seven-year high and breached a major resistance level on Thursday, as investors bet the country’s inclusion on a U.S. currency watch list might weaken the central bank’s determination to slow the currency’s gains. The baht firmed 0.6% to 29.83 per U.S. dollar. Thai exporters last week […]
Read MoreWASHINGTON: Thailand is among several countries the US Treasury could label currency manipulators before President Donald Trump leaves office, analysts say, as the coronavirus pandemic skews trade flows and widens US deficits with trading partners. Currency experts say Vietnam, Taiwan and Switzerland also risk being found in violation of the three US criteria for currency […]
Read MoreTourism in the high season has been affected by fraud detected in the stimulus scheme, as most hotels saw guests abruptly pause bookings to wait for the government subsidy. Irregularities in the recent transactions of 514 hotels and stores participating in the “We Travel Together” campaign made the government postpone the addition of 1 million […]
Read MoreThe government’s tax revenue collection in the first month of fiscal 2021 fell short of its target by 15.4 billion baht or 8.5%, attributed to the impact of the pandemic. Kulaya Tantitemit, acting director-general of the Fiscal Policy Office (FPO), reported yesterday the government garnered net revenue of 167 billion baht in October, 15.4 billion […]
Read MoreThe Board of Investment (BOI) will ask the Cabinet to approve new smart visa rules designed to attract more overseas talent to work in Thailand. The new rules have already been given the green light by the government’s Centre for Covid-19 Situation Administration (CCSA). Among the move’s aims is to allow digital freelancers currently working […]
Read MoreThe Thai economy may fare better than expected, helped by recovering domestic consumption and exports, says the Fiscal Policy Office (FPO). Kulaya Tantitemit, acting director-general of FPO, said the Thai economy should contract less than the 7.7% the office projected in October because economic conditions are improving, as indicated by the GDP in the third […]
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