Luxury hotel operators are expecting the Chinese market to pick up stronger late this year as there were no notable bookings from the mainland in the first quarter. Ho Ren Yung, senior vice-president of brand and commercial at Banyan Tree Group, said the company has seen an increase in bookings driven by Chinese tourists from February, […]
Read MoreOne-third of the world economy may slide into a recession this year, but the outlook for China remains more murky. The gloomy economic forecast was made by the International Monetary Fund (IMF), based on concerns over an economic slowdown in the US, the EU and China, but some analysts believe 2023 will be a year of […]
Read MoreThailand’s investment pledges rose by 39% in 2022 from the previous year, according to the Board of Investment (BoI). The increase, which saw pledges hit 665 billion baht, was led by large foreign direct investments (FDI) in key sectors, including electronics, the electric vehicle (EV) supply chain and data centres, confirming the recovery from the pandemic, […]
Read MoreThe bath strengthened to 33.06 per United States dollar on Friday morning, the highest level in 10 months, according to Kasikorn Research Center (KRC). The Thai currency appreciated from 33.36 to the dollar when the market closed on Thursday, centre’s research executive Kanchana Chokpaisarnsilp said. The stronger baht came after the inflation, measured by the […]
Read MoreChina’s reopening, continued inflows of foreign funds, and anticipated spending for Thailand’s national election scheduled for early May should put the Thai stock market in the spotlight in the first half this year, according to analysts. Visit Ongpipattanakul, managing director of Trinity Securities, said this year capital inflows are likely to happen quickly as China reopening rejuvenates […]
Read MoreConsumer and business sentiment in December rose to the highest level in three years, driven by Thailand’s economic recovery and a surge in foreign tourist arrivals. The University of the Thai Chamber of Commerce (UTCC) reported yesterday the consumer confidence index increased for the seventh straight month in December, hitting a 25-month high, tallying 49.7, up […]
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