Thailand’s manufacturing production index (MPI) in January rose by a less than expected 1.99% from a year earlier, the Industry Ministry reported on Monday. The reading compared with a forecast for a 4.6% rise in output in a Reuters poll, and December’s revised 6.66% increase. Source: https://www.bangkokpost.com/business/2271323/factory-output-up-below-forecast
Read MoreThe Ukraine-Russia conflict has led to rising global oil prices, raising concerns the Finance Ministry will have to inject additional funds to keep the retail price of diesel below 30 baht a litre, says a ministry source who requested anonymity. The government already introduced two measures to peg the price of diesel below 30 baht […]
Read MoreHigher inflation and a sluggish economy are looming this year following the Russian invasion of Ukraine, says the Federation of Thai Industries (FTI). The Russian attack on Ukraine drove energy prices higher and led to sanctions from the US and its allies. Thailand is still struggling to recover from the downturn caused by the pandemic, […]
Read MoreThe baht opened at 32.73 to the US dollar on Monday, weakening from Friday’s close of 32.48. The Thai currency is expected to move between 32.60 and 32.80 during the day and between 32.00 and 32.90 during the week, Krungthai Bank forecast. Krungthai said that the baht is likely to weaken if the market enters […]
Read MoreThe government should offer another temporary excise tax cut of three baht on benzine to ease the financial burden from soaring global oil prices caused by the Russia-Ukraine clash, says a Thammasat University economist. The Dubai reference price stood at US$98.8 a barrel on Thursday as news of the Russian invasion spread. The price in […]
Read MoreThe baht opened at 32.48 to the US dollar on Friday, strengthening from Thursday’s close of 32.60. Krungthai Bank forecast the Thai currency would move between 32.35 and 32.65 during the day. The baht was likely to fluctuate in a wide range due to the Russia-Ukraine crisis and the Omicron situation, it said, adding that […]
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