The Thai baht weakened to a seven-month low on Wednesday as political uncertainty dampened investor appetite, while most other emerging Asian currencies also depreciated against a firmer dollar after resilient US data eased recession concerns. Equities in the region were largely in the red, with shares in Seoul taking the biggest hit, declining 0.8%, while those […]
Read MoreThe Bank of Thailand plans to further relax foreign exchange regulations to balance capital flows, seeking to stabilise the exchange rate over the long term. The bank is allowing Thai individuals to invest up to UScopy0 million in offshore markets, up from $5 million now. The move should help to balance capital flows and manage baht-dollar volatility, […]
Read MoreThai export prospects should improve in the second half of this year as the global economy recovers and conditions are enhanced among trading partners, says the Commerce Ministry. Permanent commerce secretary Keerati Rushchano said the baht exchange rate remains competitive, while the ministry has plans to ramp up market expansion later this year into seven regions […]
Read MoreThailand’s exports contracted less than expected in May, as higher industrial goods shipments and a weakening baht helped offset some of the impact of sluggish global demand, the Ministry of Commerce said on Tuesday. The dollar value of customs-cleared exports declined 4.6% in May from a year earlier, better than a forecast for an 8% year-on-year […]
Read MoreThe performance of Thai corporations should gradually improve this year as the domestic economy recovers and inflationary pressures ease, according to analysts at Fitch Ratings’ 2023 Thailand Corporate Credit Outlook & Asean ESG conference in Bangkok recently. Lertchai Kochareonrattanakul, senior director of corporates at Fitch Ratings (Thailand), said in his presentation that a pick-up in domestic demand and […]
Read MoreThe Thai economy is suffering from widening inequality, with the proportion of poor people still hovering at 6-8% of the total, particularly in the agricultural sector. The latest study conducted by the Trade Policy and Strategy Office (TPSO), the Commerce Ministry’s planning unit, also found factors such as the transition to a digital economy, an ageing […]
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