The baht opened at 33 to the US dollar on Tuesday, weakening from Monday’s closing of 32.975. The Thai currency is likely to move between 32.90 and 33.10 to the greenback during the day, Krungthai Bank market strategist Poon Panichpibool predicted. He said that the baht is likely to swing sideways despite being supported by […]
Read MoreConsumers are fretting about bottled palm oil being sold at prices higher than the 55 baht per bottle set by the Department of Internal Trade. Aone-litre bottle of palm oil sells at 59 baht in supermarkets of department stores. Some brands are in short supply, as a result some stores are allowing a person to […]
Read MoreDomestic car sales fell 17.2% in December from a year earlier and dropped 4.2% in the whole of 2021, due to coronavirus outbreaks and a shortage of microchips, the Federation of Thai Industries (FTI) said on Monday. Car sales totalled 86,145 units in December and 759,119 vehicles in all 2021, slightly above target, the FTI […]
Read MoreDuring the pandemic the past couple of years, retailers, brands and manufacturers have adapted to changing consumer behaviour. While many hope 2022 will mark a return to normal for the retail segment, the emergence of Omicron has rocked market sentiment. Over the last two years Thailand’s retail market has adopted new trends such using more […]
Read MoreThe government insists the state Oil Fund still has sufficient funding to subsidise retail diesel prices until March 31 and sees no urgent need to cut the excise tax on diesel. Energy Minister Supattanapong Punmeechaow said the government has not yet considered additional borrowing for the state Oil Fund because it has enough funding to […]
Read MoreGrowing concern over food and energy prices has both the state and private sectors uneasy about an economic nightmare rapidly approaching. Government measures to control living costs, including seeking cooperation from businesses to cap their goods and service prices, are expected against a backdrop of unsettled problems ranging from a sluggish economy and climbing public […]
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Thailand
