The Bank of Thailand plans to maintain a gradual approach to normalising monetary policy throughout this year, according to its chief. The central bank’s key objective is to contain inflation, even amid an uneven economic recovery, as the inflation rate is expected to remain high this year, Bank of Thailand governor Sethaput Suthiwartnarueput said at the […]
Read MoreThailand’s economy could grow by 3.5% this year, depending on how the tourism and export sectors perform in the second half, says Finance Minister Arkhom Termpittayapaisith. He made the remark on Wednesday on the sidelines of the Thailand Focus 2022 event, hosted by the Stock Exchange of Thailand. Many economic researchers, including the World Bank and […]
Read MoreThe baht opened at 36.07 to the US dollar on Thursday, strengthening from Wednesday’s close of 36.13. The currency is expected to move between 35.85 and 36.15 during the day, Krungthai Bank market strategist Poon Panichpibool predicted. He said the baht could swing sideways until the results of a key US Federal Reserve meeting at […]
Read MoreThe Commerce Ministry has bowed to requests from the manufacturers of instant noodles, allowing Mama, Wai Wai and Yum Yum brands to raise their prices by one baht per packet in line with soaring production costs, effective from today. Internal Trade Department director-general Wattanasak Sur-iam said the approval came after the department thoroughly studied the production […]
Read MoreThe Bank of Thailand (BoT) will raise interest rates gradually to ensure a smooth take-off as it fights inflation, its governor said on Wednesday. Keeping inflation under control is key but there is no need for aggressive, heroically large rate hikes, BoT governor Sethaput Suthiwartnarueput told a Thailand Focus 2022 business forum. Earlier this month, the […]
Read MoreThe cabinet on Tuesday approved a proposal to loan Cambodia 983 million baht to fund a new road construction project, said deputy government spokeswoman Traisuree Taisaranakul. The Budget Bureau will from 2024 until 2026 supply the first half of the road construction loans, 491.50 million baht, while the rest will come from overseas funding sources, […]
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