The bio-, circular and green (BCG) economy is likely the best model in the short term to revitalise a Thai economy battered by Covid-19 outbreaks, says Suvit Maesincee, the former higher education, science, research and innovation minister. Based on Thailand’s strengths in agriculture, its rich natural resources, diversity and physical geography, BCG is the best […]
Read MoreA drop in prices and a bigger, better harvest is expected to boost the export of Thai rice to Malaysia, the Department of Foreign Trade said this week. Keerati Rushchano, the department’s director-general, said his agency along with the Thai Rice Exporters Association and Office of Overseas Trade Promotion in Kuala Lumpur held a virtual […]
Read MoreThe local logistics sector has emerged as the most attractive segment of foreign direct investment (FDI) during the seven months of the year, according to industry insiders. This comes following more than 30 real estate projects being granted investment licenses with a total value of approximately US$538 million, equal to 46.78% of total registered foreign […]
Read MoreThe prolonged nature and long-lasting effects of the Covid-19 pandemic mean commercial banks and clients should focus on long-term debt restructuring, says the Bank of Thailand. Ronadol Numnonda, the central bank’s deputy governor for financial institutions stability, said short-term debt suspensions or restructurings are not proportionate to the suffering of bank clients as a result […]
Read MoreThe timing and adjustment of policy rates must be decided based on the actual situation. The State Bank of Vietnam (SBV) does not consider lowering its current policy rates at present as such a move would depend on the economic performance. SBV’s Vice Governor Dao Minh Tu made the remarks in reference to recent rumors […]
Read MoreThe baht opened at 33.46 to the US dollar on Wednesday, its lowest in three years and unchanged from Tuesday’s closing rate. The Thai currency is likely to move between 33.40 and 33.55 during the day, Krungthai Bank market strategist Poon Panichpibool said. He said the baht was likely to be volatile and weaken due […]
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