KEY POINTS Since the beginning of this year, Thailand’s currency has jumped more than 5% against the dollar. On a year-over-year basis, it has bounded even higher — nearly 8%. ”(The) strong currency is worsening the (Thai) economy’s plight by hurting exports further,” Prakash Sakpal, Asia economist at Dutch bank ING, tells CNBC. The country’s […]
Read MoreOnline payments are growing exponentially as banks and tech firms enter the segment While cash remains king in Thailand, dominating 90% of the country’s total payment value, exponential growth in online payments after banks waived digital transaction fees and a consumer shift towards digital platforms suggest the notion of a cash-free society is gathering steam. […]
Read MoreThe economy is likely to expand at a slower pace than the Bank of Thailand’s 3.3% forecast for the year because of subdued exports and domestic consumption, adding to signs of a further projection rollback. The economy moderated in June from May in terms of both domestic and external demand, said Don Nakornthab, senior director of […]
Read MoreCentral Group, the country’s largest mall operator, is transforming a family retail business held for 72 years by the Chirathivat family and worth 240 billion baht into a listed company. Yol Phokasub, chief executive of Central Retail Corporation, said the company will submit filings with the Stock Exchange of Thailand (SET) some time this year. […]
Read MoreThailand’s central bank is still worried about speculation in the baht and has tools to handle it, a senior official said on Wednesday, as June exports fell and the current account turned to surplus. The Thai currency has stayed strong despite recent measures to slow fund inflows from abroad. The central bank, however, will let the baht […]
Read MoreGiant online platforms Lazada and Shopee are riding high in Thailand’s e-commerce market, cashing in on the growth potential of Thai consumers’ shift towards digital-related activities. Krungthep Turakij newspaper reported that Lazada and Shopee have now gained a combined share of between 80 and 90 per cent of the e-market in Thailand. According to the […]
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