The consumer confidence index dropped to 50.3 points in March from 64.8 points in February, said Thanavath Phonvichai, president of the University of the Thai Chamber of Commerce (UTCC). The index has been falling for 13 months, and this is its lowest point in about 21 years, he added. In addition, the economic confidence index […]
Read MoreThe baht on Thursday (April 9) opened at Bt32.72 to the US dollar, strengthening from Wednesday’s close at Bt32.80. The Thai currency would likely move between Bt32.60 and Bt32.80/USD, Jitipol Puksamatanan, head of Markets Strategy at SCB Securities, said. On Wednesday night, the S&P500 increased by 3.4 per cent from numerous good news, such as […]
Read MoreConsumer confidence tumbled to a record low in March, a university survey showed on Thursday, as the coronavirus pandemic hurt economic activity and spending. The consumer confidence index of the University of the Thai Chamber of Commerce plunged to 50.3 in March from 64.8 the previous month, for the lowest reading since the survey began […]
Read MoreProspects for exports to Indonesia remain promising this year after the fellow Asean member temporarily lifted the import licence requirement for garlic and brown onions until May and moved to lower import tariffs on 749 products such as soybeans, food, textiles, corn, shoes and ceramics. Indonesia lifted the import licence requirement for garlic and brown […]
Read MoreAuthorities in Bangkok have banned alcohol sales for a week and a half to help prevent social gatherings that could spread the virus that causes Covid-19. The ban wiill be in effect from April 10 to April 20 and is the metropolitan region’s latest effort to contain a surge in infections since early March. The […]
Read MoreTris Rating holds a negative view on the residential property industry in Thailand. Although the Covid-19 pandemic may not directly affect the industry, it is causing severe damage to the overall economy. As the domestic economy is already fragile and heavily reliant on tourism and exports, the virus pandemic could cause a contraction. The more […]
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