Krungthai Bank forecasts the baht will move between 32.45 and 32.65 to the dollar on Friday. Krungthai market strategist Poon Panichpibool said the Thai currency is likely to swing in a wide range due to pressure from the Ukraine-Russia crisis, which is causing the dollar to strengthen. However, the market’s risk-off condition is driving up […]
Read MoreThailand’s economy will suffer from indirect impacts of the military conflict between Russia and Ukraine, with reduced consumer confidence and higher cost of living, Thai Chamber of Commerce chairman Sanan Angubolkul said on Thursday. In addition to the short-term effects, he advised that the Thai government and businesses prepare for possible long-term impacts of worsening […]
Read MoreThai exports are maintaining their growth momentum, expanding 8% year-on-year in January thanks to the global economic recovery, an easing of the container shortage and promotions by authorities. The Commerce Ministry reported on Wednesday customs-cleared exports fetched US$21.3 billion, with imports rising by 20.5% to $23.7 billion, resulting in a trade deficit of $2.52 billion. […]
Read MoreThe baht opened at 32.48 to the US dollar on Thursday, strengthening from Wednesday’s close of 32.70. Krungthai Bank market strategist Poon Panichpibool predicted the Thai currency would move between 32.35 and 32.60 during the day. Poon said the baht found support from China’s new “Zero Covid” prevention measures, which could lead to a travel […]
Read MoreThai economic growth is expected to dip to 2.5%, down from an earlier target of 3-4.5%, with the upper bound of inflation at 3% as a result of the dispute between Russia and Ukraine, says the Joint Standing Committee on Commerce, Industry and Banking (JSCCIB). The government should consider seeking additional loans of at least […]
Read MoreThe Tourism Authority of Thailand (TAT) aims to attract at least 1.5 million tourists from short-haul destinations to compensate for the Chinese market by teaming up with airlines to spur demand. The current situation in East Asia has made it impossible to generate demand, unlike more promising markets such as Southeast Asia, South Asia and […]
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