Eateries in Silom — the central business district of Bangkok — can no longer carry their increasing costs, particularly pork and chicken eggs, with most having to raise their prices by five to 10 baht a dish. Signs are put up in front of their restaurants, food carts and stalls on Wednesday, notifying customers of […]
Read MoreDemand for chicken is soaring as more diners opt for the meat, amid a severe shortage of pork that has seen prices double. Thailand’s pork supply has fallen around 30% after production was reduced over the past year due to Covid restrictions on dining and travel, measures to prevent the spread of African swine fever […]
Read MoreThailand’s leading business group said on Wednesday it saw only a limited impact on the country’s economy from the latest coronavirus outbreak driven by the highly transmissible Omicron variant. “We expect the impact from the Omicron variant to be felt in the first quarter of 2022 then economic recovery will continue in the second quarter,” […]
Read MoreThe Joint Standing Committee on Commerce, Industry and Banking (JSCCIB) is likely to downgrade its economic growth forecast when it meets on Wednesday, despite an increase in the Thailand Industry Sentiment Index (TISI) for four consecutive months, says the Federation of Thai Industries. The move results from growing concern over the rapid spread of the Covid-19 […]
Read MoreDespite the ongoing Omicron outbreak, a group of Thai shippers are maintaining their export growth forecast at 5-8% this year, driven by the recovery of partner trading countries and the baht’s weakness. Chaichan Chareonsuk, chairman of the Thai National Shippers’ Council (TNSC), said exports are likely to maintain growth momentum this year, albeit at a […]
Read MoreThe Bank of Thailand is concerned with higher prices for living costs, but not in terms of overall price stability, says the central bank governor. The bank believes higher prices will not have an adverse impact on the macro economy and headline inflation will remain within its target, said central bank governor Sethaput Suthiwartnarueput. Yet […]
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