The economy enjoyed healthy expansion in the third quarter, officials said on Monday, with the return of international tourists helping to offset persistently high inflation. Southeast Asia’s second-largest economy was battered by the pandemic, but the kingdom’s reopening earlier this year saw the service sector record an 87% year-on-year increase, official data showed. The National […]
Read MoreThe rally in the baht may be nearing an end without new catalysts, such as a return of Chinese tourists, as technical indicators show the currency is overbought. The baht has advanced 6% against the dollar in the past month — and was the second-best performing currency in Asia — as China loosened Covid curbs and […]
Read MoreGoogle Wallet is a digital wallet that allows one to securely store credit and debit cards, tickets, passes, keys, and IDs. It was launched in 12 countries including Thailand and Vietnam on Wednesday. At the moment 57 countries have access to this application and the new additions include Armenia, Cyprus, Georgia, Kyrgyzstan, Liechtenstein, Luxembourg, Malaysia, […]
Read MoreThai banks’ non-performing loans stood at 2.77% of total lending at the end of September, down from 2.88% at the end of June, helped by debt restructuring and banks’ loan management, the central bank said on Monday. The banking system remained resilient with high levels of capital, loan-loss provisions, and liquidity, the Bank of Thailand said […]
Read MoreBANGKOK: Thailand’s economy grew at its fastest pace in over a year in the third quarter, as a revival in tourism, increased consumption and a pick-up in private investment boosted growth, but the state planning agency flagged global growth risks ahead. Southeast Asia’s second-largest economy expanded 4.5% in the September quarter from a year earlier, […]
Read MoreThe state subsidy programme for electricity prices is not the only way to curb their rapid increase, which is partially driven by the import of costly liquefied natural gas (LNG). Thailand has been importing more LNG to fuel its electricity generation for a number of years because of a drop in domestic gas supply from […]
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Thailand
