The Bank of Thailand knocked the baht from its perch, but the weakness could be short-lived, according to the currency’s top forecasters. The BoT took steps this month to curb short-term inflows after the currency surged to a six-year high. Those measures are hurting the baht, which is headed for a loss in July and […]
Read MoreThe manufacturing production index (MPI) in June dropped 5.5% year-on-year, reflecting the downturn of the global economy and trade, says the Office of Industrial Economics (OIE). The drop in June marked two months in a row of declines. Aditad Vasinonta, the OIE’s deputy director-general, said the country’s output in June shrank for cars, auto parts, […]
Read MoreThailand’s tourism sector may see a modest boost in the coming months as Chinese tourists start returning to the country. Tourist arrivals from mainland China have been a key drag on Thailand’s tourism sector, which has been struggling over the past year. Arrivals expanded just 2.3 per cent year-on-year between July 2018 and July 2019, much […]
Read MoreConsumers in the Asia-Pacific region seek visibility throughout the online-purchase cycle and incentives that add value to the shopping process, research shows. Customised shipping options and fuss-free returns policies are also appreciated, but the study by UPS highlights that regional satisfaction with returns is low. Now in its seventh year, the UPS Pulse of the […]
Read MoreThai exports are forecast to contract for the first time in four years in 2019 amid mounting risk factors such as the global economic slowdown, the ongoing trade row between the US and China, the baht’s strength and volatile oil prices. Aat Pisanwanich, director of the Center for International Trade Studies at the University of […]
Read MoreThe Bank of Thailand and commercial banks have initially agreed to set a lending guidance by capping a borrower’s debt-service ratio (DSR) at 70% for those earning up to 30,000 baht a month. The move is to keep a lid on the country’s household debt, warding off potential financial stability risks and standardising loan extensions. […]
Read More
Thailand
