THAI central bank officials said on Wednesday (Jun 14) the policy rate is not yet at a “neutral level” and that it would focus more on medium-term economic data. “The committee will look at the impact in the future, medium-term orientation,” assistant governor Piti Disyatat said at an analysts’ meeting. The central bank gives more […]
Read MorePrime Minister Prayut Chan-o-cha assigned the Finance Ministry and relevant agencies on Tuesday to study the possibility of extending the excise tax cut on diesel of 5 baht per litre, which is scheduled to end on July 20 this year. According to Energy Minister Supattanapong Punmeechaow, Gen Prayut has entrusted the matter to the Finance Ministry […]
Read MoreThailand received 11.4 million foreign tourist arrivals from January to June 11, and saw spending of 472 billion baht (UScopy3.67 billion), the Ministry of Tourism and Sports said in a statement on Tuesday. The tourist numbers surpassed the 11.15 million in the whole of 2022. Source: https://www.bangkokpost.com/business/2590979/thailand-records-11-4-million-foreign-tourists-from-january-to-june-11
Read MoreThe Economic Intelligence Service (EIS), a research arm of the Thailand Development Research Institute (TDRI), forecasts a better second half for the Thai economy, driven by increased tourism and domestic consumption, although the political instability would need to be monitored. The EIS predicts Chinese arrivals to Thailand will increase by 3-4 times the level recorded in […]
Read MoreSome industry leaders are concerned about higher interest rates affecting businesses, especially small ones, in addition to weakening the purchasing power of homebuyers. On May 31, the Bank of Thailand’s Monetary Policy Committee (MPC) voted unanimously to raise the policy rate to 2.00% from 1.75% to curb inflation risks as the economy gathers strength. Many state […]
Read MoreSome traders are attributing the high price of chicken eggs to a shortage of supplies at farms caused by the replacement of old hens and a rise in export demand. Wanchai Rungmitcharatsaeng, 65, owner of an egg shop in Khon Kaen’s Muang district, said on Sunday that he has been running his business for more than […]
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