The central bank has advised that monetary policy should remain accommodative for some time to support Southeast Asia’s worst performing economy through the coronavirus pandemic and help inflation return to target. The Monetary Policy Committee expects headline inflation – projected at minus 1.7% this year – to get back to the 1%-3% target range in […]
Read MoreThe baht continued to weaken on Thursday after the resignations of Deputy Prime Minister Somkid Jatusripitak and four other key officials, reflecting foreign investors’ concerns about the continuity of the government’s economic policies. The baht is now Asia’s weakest currency against the US dollar on a year-to-date basis, down 5.5%, according to Reuters. The local […]
Read MoreThailand’s food industry remains promising, driven by rising food demand during the Covid-19 pandemic. Speaking at the “Thai Food, World Food” fair, Commerce Minister Jurin Laksanawisit said despite a weak global economy, the ongoing trade spate, a strong baht and the deadly virus outbreak, Thailand has been doing well in food exports. “Thailand is the […]
Read MoreThe Civil Aviation Authority of Thailand has banned all flights with Covid-19 infected passengers from transiting through Thailand after China banned two flights from here. CAAT director-general Chula Sukmanop spoke of the new measure on Thursday in response to the report that the Chinese government temporarily banned the services of Thai AirAsia X and Thai […]
Read MoreThailand’s economy is expected to take two years to fully recuperate, assuming there is widespread administration of a coronavirus vaccine, says the Bank of Thailand’s chief. “The intermittent outbreaks are also accounted for under the central bank’s predictions,” said governor Veerathai Santiprabhob. “New infections of 20-30 cases per day are manageable under the country’s public […]
Read MoreThe Hanoitimes – The retailer intends to expand presence to 55 of Vietnam’s 63 provinces and nationally run cities, up from the current 39. Thailand’s Central Retail plans a larger presence in Vietnam, looking to reach nearly 90% of the country’s provinces in the next five years, as the company aims to reduce dependence on its home market, Nikkei […]
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