A group of Thai exporters remains bullish on the country’s prospects this year, despite slower growth in April. Chaichan Chareonsuk, chairman of the Thai National Shippers’ Council (TNSC), said the council believes 5-8% growth for the country’s export sector is still achievable, with key drivers including the depreciation of the baht and robust demand for […]
Read MoreTourism operators are supporting the Bangkok governor’s proposal to extend nightlife hours until 2am and lift the outdoor mask mandate to boost tourism demand and attract workers back to the industry. Allowing things to get back to normal, especially nightlife, is the right move to improve the economy and tourism demand after many destinations have […]
Read MoreThe Bank of Thailand (BoT) has told the finance ministry that it will keep its policy rate at the current level to support the economy, Prime Minister Prayut Chan-o-cha told reporters on Tuesday. Gen Prayut also said the Ministry of Finance, the central bank, commercial banks and the private sector in the country needed to […]
Read MoreTHAILAND’S unemployment rate in the first quarter fell to 1.53 per cent from 1.64 per cent in the previous quarter, the state planning agency said on Monday, following an easing of coronavirus restrictions, and reopening to foreign tourists. The jobless rate was the lowest since the pandemic and there were 610,000 workers without jobs in […]
Read MoreChina’s lockdowns in big cities are having an adverse effect on the Thai manufacturing sector and its supply chains, with the problems likely to continue, warns the National Economic and Social Development Council (NESDC). The spread of the Covid-19 Omicron variant has led to the closure of Chinese deep-sea ports, paralysed major industrial hubs, and […]
Read MoreIndustry leaders have urged the government to carefully manage the baht to keep its value at a rate that will benefit both importers and exporters. The baht was valued at 34.62 per US dollar as of May 9, representing a depreciation of 3.4% since the beginning of the year, its lowest value in five years. […]
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