Thailand will only gradually increase interest rates to tackle rising inflation and ensure an uninterrupted economic recovery, while the central bank will let the baht move in line with market forces, Bank of Thailand Governor Sethaput Suthiwartnarueput said on Monday. The economic recovery is slow but intact, helped by improved consumption, he told a central […]
Read MoreThe baht opened at 35.82 to the US dollar on Monday, strengthening from Friday’s close of 36.01. The Thai currency is expected to move between 35.75 and 35.90 against the greenback during the day and between 35.70 and 36.30 during the week, Krungthai market strategist Poon Panichpibool predicted. Poon said the baht is likely to […]
Read MoreThe overall absorption rate of residential supply in three key eastern provinces in the first quarter this year soared to 4.7% from 2.6% at the end of 2021 due largely to strong demand for low-rise houses among those employed in the industrial sector. Vichai Viratkapan, acting director-general of the Real Estate Information Center (REIC), said […]
Read MoreAverage monthly household expenses rose to 18,088 baht in June – two times higher than the minimum wage, according to a survey by the Commerce Ministry’s Trade Policy and Strategy Office (TPSO). The TPSO said rising living costs driven by the energy crisis caused headline inflation in June to rise to 7.66 per cent from […]
Read MoreCurrent account deficit projected to shrink as tourism revives and central bank hikes rates The Finance Ministry expects the baht’s value to rebound in the second half this year, in line with the anticipated narrowing of the current account deficit, says a ministry source who requested anonymity. According to Reuters, Bank of Thailand officials said […]
Read MoreDespite manufacturers’ insistence on the need to increase their product prices to cope with higher production and raw material costs, the Commerce Ministry remains adamant that prices should remain frozen. The ministry is calling for continued cooperation from manufacturers to help maintain their product prices as long as possible in order to curb negative effects […]
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Thailand
