The Bank of Thailand (BoT) said on Friday it would let the baht move in line with market forces, but would take action if there was excessive volatility in the currency. Weakness in the baht has been moderate compared with regional currencies and mainly driven by a strong dollar, BoT senior director Daranee Saeju told […]
Read MoreThe baht opened at 36.08 to the US dollar on Friday, strengthening from Thursday’s close of 36.11. The currency is expected to move between 35.90 and 36.15 during the day, predicted Krungthai Bank market strategist Poon Panichpibool. He said the baht was likely to fluctuate and weaken as the dollar is strengthening and the market […]
Read MoreHoteliers have expressed concerns about the government’s plan to set dual pricing for foreign tourists and locals, saying the move is “impractical” and demanding the administration roll out effective promotions to spur tourism sentiment in an effort to increase room rates. The idea of dual pricing is impractical as room rates shift dynamically based on […]
Read MoreOvercoming Thailand to take the top spot in the world of rice exporting remains a tough task for Vietnam. Hai Lua Supermarket was one of the first establishments on the east coast of the United States to distribute ST25 rice from Vietnam early last year. This was also the first time that Vietnamese rice had […]
Read MoreTEMPO.CO, Jakarta – Indonesia’s quick response code payment service dubbed QRIS will be available in four ASEAN countries. Bank Indonesia (BI) in tandem with the central banks of Thailand, Malaysia, Singapore, and the Philippines will realize cross-border payments with QRIS, open API (application payment interface), and Fast Payment by implementing the local currency settlement (LCS). Head of the […]
Read MoreThe Federation of Thai Industries (FTI) has warned against further currency depreciation to 37 baht against the US dollar, claiming it would make life more miserable for businesses and households because of higher oil prices. Though tourism operators and exporters may reap benefits after the baht value fell on Thursday to 36.35 to the dollar, […]
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Thailand
