Domestic tourism receipts for the first quarter this year are expected to tally 135 billion baht from 29.7 million trips, but the Tourism Authority of Thailand (TAT) is still aiming for 656 billion baht in revenue from the segment for the entire year. TAT governor Yuthasak Supasorn said total domestic revenue in the first three […]
Read MoreThe Thai economy is expected to continue to rebound in the second quarter amid inflationary pressure, but the growth rate for the full year will be lower than previously forecast because of the Russia-Ukraine war, says a CIMB Thai Bank (CIMBT) economist. The bank forecasts Thailand’s GDP growth rate in the second quarter this year […]
Read MoreBanks are debating a plan to bring Zelle to the checkout at big retailers. The money-transfer service boomed during the pandemic, when people avoided ATMs and replaced cash and checks with digital money transfers. Zelle recorded some 1.8 billion transactions in 2021 totaling $490 billion, both more than double their prepandemic levels. That growth has […]
Read MoreSpending sentiment during the upcoming Songkran festival is expected to remain tepid, mainly because of a sharp rise in oil prices ignited by the Russia-Ukraine war and relatively high Covid-19 infections in the country. According to the latest survey conducted by the University of the Thai Chamber of Commerce (UTCC), spending during the upcoming Songkran […]
Read MoreThailand will consider scrapping a mandatory real-time polymerase chain reaction (RT-PCR) test on arrival for foreign visitors as the country further relaxes its visa rules to attract tourists. The Public Health Ministry will propose replacing the RT-PCR tests with a rapid antigen test, Deputy Prime Minister and Public Health Minister Anutin Charnvirakul told reporters on […]
Read MoreThe baht opened at 33.58 to the US dollar on Thursday, weakening from Tuesday’s close of 33.43. Krungthai Bank market strategist Poon Panichpibool predicted the Thai currency would move between 33.50 and 33.70 during the day. Poon said the baht might swing sideways in a wide range. The currency may weaken during the day as […]
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Thailand
