[BANGKOK] Thailand’s economy will continue to expand in 2022 and 2023 despite rising inflation, while monetary policy tightening may have to wait until the economy recovers more strongly, the central bank said on Monday (Apr 18). The central bank will continue to support the economy, as it has left the key rate at a record […]
Read MoreThe baht opened at 33.62 to the US dollar on Monday, strengthening from the 33.64 closing on April 12. The currency is expected to move between 33.55 and 33.75 during the day and between 33.30 and 33.80 during the week, Krungthai market strategist Poon Panichpibool said. He believes the baht may swing sideways unless a […]
Read MoreThe Bank of Thailand (BoT) on Monday pledged to maintain its accommodative monetary policy stance to support a nascent economic recovery, saying it can “look through” short-term volatility in inflation. “Inflation is accelerating as a result of supply-side factors,” the BoT said in a presentation at an analyst meeting. “In the current context, the monetary […]
Read MoreAlthough Thailand has banned the use of digital assets to pay for goods and services, some organisations think they may still be used as a future alternative currency. REDEFINING CURRENCY The Federation of Thai Industries (FTI) believes cryptocurrency may become an alternative currency, to be used alongside physical money, with the Russia-Ukraine war boosting the […]
Read MoreSurging costs and a fragile economy are forcing travellers to delay their trips abroad despite pent-up demand, says the Thai Travel Agents Association (TTAA). Only high-income travellers are still taking trips abroad as usual, but lower-income segments tend to be more price-conscious as the economic fallout is affecting their salaries and jobs, said Suthiphong Pheunphiphop, […]
Read MoreFashion products top the most popular online shopping items in Thailand, while many industries are gravitating towards digital channels to boost sales, particularly grocery and electric appliances, according to a recent survey by market research firm Nielsen. In a related survey, e-commerce giant Lazada has indicated female shoppers are the biggest bargain hunters online. According […]
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