Baht speculation has been declining after the central bank’s recent measures to manage local currency movement and a policy rate cut, says the Bank of Thailand. Foreign portfolio investment registered net outflows over the past few months, in line with lower Thai government bond yields. Offshore net outflows in debt securities were registered at US$655 […]
Read MoreThailand’s annual headline consumer price index (CPI) rose 0.32% in September from a year earlier, less than expected, commerce ministry data showed on Tuesday. That compared with a Reuters forecast of 0.44% in September, and against August’s 0.52%. September’s headline inflation was the lowest level since January and stayed below the Bank of Thailand (BoT)’s […]
Read MoreThailand’s economic growth in the third quarter is likely to improve from the second quarter’s reading, mainly thanks to positive tourism growth and the government’s economic stimulus measures, says the Bank of Thailand. “GDP growth in the third quarter is expected to exceed the 2.3% year-on-year figure in the second quarter, supported by the government’s […]
Read MoreBANGKOK: One of the main groups monitoring Thailand’s tourism industry said it’s too early to expect a revival in the sector despite a recent spike in arrivals. The strength of the baht is the biggest impediment to wooing more holidaymakers, the Tourism Council of Thailand said Monday. It revised down its estimate for foreign tourist […]
Read MoreThe number of new companies registering in the Eastern Economic Corridor (EEC) from January to August this year rose 2.03 per cent year on year to 4,976, according to the director-general of the Department of Business Development, Vuttikrai Leewiraphan. Their total registered capital was Bt17.462 billion, up 38.05 per cent year on year. The top […]
Read MoreEnergy Minister Sontirat Sontijirawong on Sunday welcomed a decision by US energy company Chevron to continue negotiations rather than seek arbitration to resolve a dispute over who should pay for removing offshore oil and gas platforms. Thailand wants Chevron to pay the full decommissioning costs, estimated by a local newspaper at around $2.5 billion, for […]
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