Thailand’s economic growth is expected to accelerate in the third quarter after a weaker-than-expected second quarter as public investment spending increases along with a recovery in tourism, the finance minister said on Wednesday. Public investment had slowed in the second quarter because of pandemic restrictions but projects have resumed since July as the curbs were lifted, Arkhom […]
Read MoreThe Thai economy is expected to grow 3.6% this year and 4.0% next year, helped by a recovery in tourism despite inflationary pressures, a member of the Bank of Thailand’s (BoT) Monetary Policy Committee said on Wednesday. The forecasts compare with the central bank’s official projections in June for growth of 3.3% this year and 4.2% […]
Read MoreThailand is among the top 10 cryptocurrency users in the world, according to a survey by payment information and comparison website Merchant Machine. The survey took into account a host of factors to decide the top 10, which included the number of owners, businesses that accept crypto and ATMs. The United States, for example, topped the […]
Read MoreThe baht opened at 35.36 to the US dollar on Wednesday, strengthening from Tuesday’s close of 35.47. The currency is expected to move between 35.25 and 35.45 during the day, Krungthai Bank market strategist Poon Panichpibool predicted. Poon said the baht was supported by foreign investors purchasing Thai assets, especially risky ones, with the market […]
Read MoreCommerce Minister Jurin Laksanawisit has ordered the Internal Trade Department to consider the request of makers of the five largest instant noodle brands to allow them to raise their prices in line with soaring production costs. But he personally argued a proposed hike by two baht per packet from 6 baht to 8 baht is considered […]
Read MoreWhile the higher cost of living has impacted vulnerable borrowers and driven some of them back to debt relief measures, banks’ current holding of interest rates unchanged will help ease their financial burden, said an executive of the Bank of Thailand. The borrowers, both individuals and businesses, who are in the banks’ debt assistance measures were […]
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