THE Bank of Thailand (BOT) will raise interest rates by a modest quarter-point on Wednesday (Nov 30) for a third straight meeting amid fragile tourism-reliant growth and signs inflation has started to ease, a Reuters poll of economists found. The widely-expected move, which would take the benchmark rate to only 1.25 per cent, constitutes one […]
Read MoreExports unexpectedly fell in October as tight monetary policy to curb inflation in major trading partners affected purchasing power and economic activity, the Commerce Ministry said on Monday. Exports, a key driver of Thai growth, dropped 4.4% in October from a year earlier, compared with a forecast rise of 6.0% year-on-year in a Reuters poll, and […]
Read MoreSET-listed Bangkok Aviation Fuel Services (BAFS) expects sales of jet fuel to grow by 50% next year, up from an estimated 4.2 billion litres in 2022, or 10.9 million litres per day, as the aviation industry recovers. The company provides refuelling services at five airports: Don Mueang, Suvarnabhumi, Samui, Sukhothai and Trat. The sales outlook next […]
Read MoreThe government is establishing a new one-stop service centre to stimulate foreign direct investment and outlays on international headquarters and regional offices. According to Narit Therdsteerasukdi, secretary-general of the Office of Board of Investment (BoI), the new centre will be instrumental in attracting investment as well as eliminating trade and investment obstacles. A new one-stop service […]
Read MoreThailand’s exports are expected to maintain growth momentum next year, albeit at a slower pace than this year, shored up by strong demand from emerging markets in Asia and the Middle East, speakers at a seminar said on Thursday. Speaking at the seminar organised by the Thai National Shippers’ Council, Chaichan Chareonsuk, the council’s president, said […]
Read MoreKasikornbank (KBank) believes the baht will strengthen next year, dependent on internal factors after the US Federal Reserve eases its policy rate hikes. KBank adjusted its projection from a previous forecast of 37.50 baht to the US dollar at the end of 2022 to 35.25. The bank’s assessment is the baht will gradually appreciate to […]
Read More
Thailand
