The purchasing power of major trade partners and production restructuring to keep up with demand are having larger effects on exports than the baht’s movement, says a senior official at the Bank of Thailand. Vachira Arromdee, assistant governor of the financial markets operations group, gave the example of the baht’s strength against the greenback between 2005 and […]
Read MoreState agencies doled out 74.2% of the budget for fiscal 2017 during the nine months to June, adding to signs that the disbursement target of 87% of the 2.73-trillion-baht budget will be achieved. Between October and June, 2.03 trillion baht was taken out, said Oranuch Vainusit, a spokeswoman for the Comptroller-General’s Department. Of the total, […]
Read MoreThe number of foreign tourists visiting Thailand rose by up to 5% in the period January to June 2017, the country’s tourism minister said on Wednesday, compared with the same period last year. Tourism and Sports Minister Kobkarn Wattanavrangkul said Thailand saw around 18 million tourist arrivals in the first half of 2017. “Right now […]
Read MoreThe government expects to pursue economic growth to at least seven percent in 2018, the same level expected for 2017, according to the Ministry of Finance. The ministry is drafting the budget plan for 2018, which will be submitted to the upcoming ordinary session of the National Assembly (NA), scheduled to take place in October […]
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Thailand
