The cost of electricity will rise about 14% to a minimum 5.37 baht per unit between January and April next year on rising fuel costs, the Electricity Regulatory Commission (ERC) warned on Monday. Secretary-general Khomgrich Tantravanich said the ERC had three options – and the increment to 5.37 baht would cost consumers the least. The […]
Read MoreTHAILAND’S monetary policy would be “measured and gradual” to support economic recovery, Bank of Thailand governor Sethaput Suthiwartnarueput told a seminar on Monday. The economy was recovering gradually, despite a global slowdown, and should reach pre-Covid levels early next year, he said. The central bank governor said the economy was expected to grow 3.3 per […]
Read MoreThailand is scheduled to host the Asia-Pacific Economic Cooperation (Apec) 2022 summit later this week. Established in 1989, Apec is a regional economic forum with 21 member economies across the Asia-Pacific region, a grouping bigger than Asean, the Regional Comprehensive Economic Partnership (RCEP), and the Comprehensive and Progressive Agreement for Trans-Pacific Partnership. The Apec bloc makes up […]
Read MoreThe baht surged to its strongest level in almost three months on Friday after China eased some of its quarantine rules for travellers and speculation the United States Federal Reserve would be less aggressive with its rate hikes. The baht strengthened to 35.70 per US dollar on Friday, its highest level since Aug 22, according to […]
Read MoreCourier service Kerry Express (Thailand) Plc has reported improved performance in the third quarter, with quarter-on-quarter net losses falling by 8%. The firm posted continuous year-on-year volume growth of 5%, despite lacklustre macroeconomic conditions, inflationary pressure, lower consumer purchasing power and weaker sales in the e-commerce sector. Kerry Express chief executive Alex Ng said efforts to […]
Read MoreAn economic revival fuelled by the return of tourists in the second half of this year has propelled the third-quarter presales and revenue of major SET-listed property developers to a record high. Uthai Uthaisangsuk, chief operating officer at Sansiri Plc, said the company increased its presales target for 2022 to 47 billion baht. The previous presales goal […]
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