Most Thai listed companies will experience limited impact from the Central Bank of Myanmar’s order to temporarily prohibit companies and retail borrowers from repaying foreign loans to sustain the country’s foreign exchange reserves as most Thai companies operating in Myanmar do not have debts in foreign currency. However, analysts at Asia Plus Securities (ASPS) said […]
Read MoreDespite tourism’s gradual recovery around the world, inflation and labour shortages remain big challenges for the hospitality industry, according to IHG Hotels & Resorts. Rajit Sukumaran, IHG’s managing director for Southeast Asia and Korea, said global inflation requires monitoring because it affects both operational costs and consumer expenditure. Thailand’s labour shortage might be less severe […]
Read MoreThe baht opened at 36.58 to the US dollar on Wednesday, strengthening from Tuesday’s close of 36.61. The currency is expected to move between 36.50 and 36.70 during the day, predicted Krungthai Bank market strategist Poon Panichpibool. Poon said the dollar might remain stable or even weaken if the market jumps into a risk-on state. […]
Read MoreThai businesses operating in Myanmar have been advised to seek funding sources in Thailand or other countries after the Central Bank of Myanmar (CBM) suspended loan repayment in foreign currencies. The Department of International Trade Promotion (DITP) director-general Phusit Rattanakul Seriroengrit said on Tuesday that CBM asked commercial banks across the country on July 13 […]
Read MoreCompetition in the express delivery segment is expected to intensify later this year with some operators now employing a price cut strategy to attract customers as fuel prices are cooling down. SET-listed Kerry Express (Thailand) recently reduced the starting price for the delivery of items in a sealed bag “A” (measuring 32 centimetres by 23cm), […]
Read MoreThe Tourism Authority of Thailand (TAT) forecasts revenue of 1.2-2.38 trillion baht next year, according to its new 2023 strategy, but this is likely to be challenged by global inflation and rising interest rates, with spending already taking a hit. TAT governor Yuthasak Supasorn said the recovery in Thai tourism would accelerate in 2023, with […]
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