The State Bank of Vietnam (SBV) will keep a proactive and flexible monetary policy based on market developments and forecasts for the macro-economy, SBV deputy governor Dao Minh Tu told a meeting on April 22. This monetary policy is meant to control this year’s inflation within the targeted ceiling of about four per cent, support […]
Read MoreThe fresh wave of Covid-19 has severely affected tourism and hospitality businesses in Thailand with occupancy rates at domestic hotels dropping to 5-30 per cent, forcing many operators to sell their businesses to cut losses, said Thammajak Leuangprasert, president of Arjarnnar Asset Management Group. “Some hotels affected by the outbreak for more than a year […]
Read MoreMANILA, Philippines — The Duterte administration’s budget deficit swelled to its widest monthly level this year so far in March, hurt by a latest collapse in revenues likely to persist as the government awaits returns from lower tax rates while the pandemic bill explodes without signs of a compelling economic revival. The bad news is there are […]
Read MoreBitcoin Cash (BCH) brings sound money to the world, fulfilling the original promise of Bitcoin as “Peer-to-Peer Electronic Cash”. Merchants and users are empowered with low fees and reliable transactions. Since digital payments and cryptocurrencies have taken over the investment market. Bitcoin Cash is gaining popularity in Thailand, as people are looking forward to reaping […]
Read MoreMore than 80 per cent of Thai organisations surveyed by PwC recently said they were hit adversely by the Covid-19 pandemic, while the report indicated that successful crisis recovery hinges on improving resiliency. The Thailand part of PwC’s “Global Crisis Survey 2021” – a global survey of 2,814 business leaders in 73 countries – explores […]
Read MoreThe baht opened at 31.40 to the US dollar on Monday, unchanged from its close on Friday. The Thai currency is likely to move between 31.35 and 31.45 during the day and between 31.25 and 31.60 this week, Krungthai Bank market strategist Poon Panichpibool said. He said the baht may weaken in the short term […]
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Thailand
