BANGKOK (CNA) – Thailand’s central bank has the necessary policy tools to handle the strengthening of the baht, the Finance Minister said yesterday, as the currency hit its highest level in more than 10 months against the United States (US) dollar. The baht’s strength has been driven by foreign inflows, partly due to optimism over […]
Read MoreExport and tourism-related stocks are likely to reap benefits from the new Regional Comprehensive Economic Partnership (RCEP) trade agreement, which includes 15 countries and was signed over the weekend at the 37th Asean Leadership Summit. The new deal creates the world’s largest free trade bloc, with a combined GDP of US$26.2 trillion, or 30% of […]
Read MoreThailand will push to enter more free trade agreements after the country and other 14 nations signed the Regional Comprehensive Economic Partnership (RCEP) last week, said Foreign Minister Don Pramudwinai. He added that Thailand must take the route of multilateral trade since it was a focus of US president-elect Joe Biden. After eight years of […]
Read MoreConcern over new local Covid-19 cases is affecting domestic sentiment for the upcoming long holiday from Nov 19-22, says the Tourism Authority of Thailand (TAT). Even with the long weekend taking place during the high season, local infections resulted in travellers slowing or changing their travel plans, especially for areas where new cases were reported […]
Read MoreThailand’s GDP contracted by 6.4% year-on-year in the third quarter, with full-year economic contraction projected to arrive at 6%, says the National Economic and Social Development Council (NESDC). The economy was previously anticipated to contract by 7.5% this year. The main reason supporting a lower full-year economic contraction is the NESDC projecting the global economy […]
Read MoreAround 11.4 million households are at risk of falling into poverty from the economic crisis caused by the pandemic, with the unemployment rate rising to 1.9% in the third quarter, says the state planning agency. Jinanggoon Rojananan, deputy-secretary general of the National Economic and Social Development Council (NESDC), said there are 637,000 households dependent on […]
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