Thailand is heading for a rare back-to-back current-account deficit as the outlook for tourist arrivals becomes less rosy with a flare-up in Covid cases globally and energy import bills ballooning amid soaring oil prices. The net-oil importer may post a shortfall of $4.6 billion this year, according to Bank of Ayudhya Plc, which previously estimated […]
Read MoreA SURVEY of senior executives from 41 companies based in India has revealed that these companies, which focus on the India-Asean corridor, are highly optimistic about business growth in the Asean region. Commissioned by Standard Chartered, its findings showed that all companies surveyed expect their business to increase production in Asean, while a majority 93 […]
Read MoreThe official reopening of international tourism this month offers hope to tourism businesses who have been hit hard in the pandemic. The Ministry of Culture, Sports and Tourism announced a plan to reopen tourism activities under the “new normal” state. Tourism businesses are hoping for recovery after 2 years of difficulties. The financial report of the […]
Read MoreJuxtaposing the prominent use of dollars by more high-end and modern establishments, go to any streetside stall or market and a patron would be more likely to see colourful riel notes pass from one hand to the next. Purchase anything in the commonplace businesses with dollars and a person will likely get their change back […]
Read MoreThe baht opened at 33.46 to the US dollar on Wednesday, strengthening from Tuesday’s close of 33.54. Krungthai Bank market strategist Poon Panichpibool expects the Thai currency to move between 33.40 and 33.60 during the day. Poon said the baht was likely to swing in a wide range. However, the market was open to more […]
Read MoreVietnam’s FLC Group and Laos’ Petroleum Trading Lao Public Company (PetroTrade) have signed a memorandum of understanding on developing the Vientiane-Vung Ang railway project. The signing took place in the Lao capital of Vientiane, with the ministers of Planning and Investment of the two countries witnessing. FLC and PetroTrade will jointly prepare to construct a railway […]
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Thailand
