[BANGKOK] Thailand’s central bank said on Monday (Jan 10) the country’s economy could see lower growth in the first half of 2022 than a baseline scenario due to uncertainties caused by the Omicron variant of the coronavirus. While South-east Asia’s second-biggest economy has been supported by domestic spending and a rebound in tourism, a growing […]
Read MoreTourism was not the only industry relieved when Thailand reopened its borders to foreigners on Nov 1 last year, with automakers also applauding the move to welcome back international visitors. The reopening was supported by the Federation of Thai Industries (FTI). Its automotive club believes the reopening, along with government promotion of electric vehicle (EV) […]
Read MoreThe Udon Thani Industrial City, the first industrial estate in the kingdom’s northeastern region, is expected to welcome its first group of investors in April. Managing director Phisit Piputvilaikul said construction of the estate, covering 2,170 rai, is on schedule despite the Covid-19 outbreak. The first phase of development, covering 1,100 rai, has been completed. […]
Read MoreSuphachai Chearavanont, chief executive of Charoen Pokphand Group (CP), the agribusiness giant, recently mentioned dire economic prospects, including the ominous word hyperinflation. Hyperinflation worries stem from a combination of factors including US-China tensions, the global food and energy crises, a potential cryptocurrency bubble and massive ongoing capital injections into the world economy to keep it afloat […]
Read MoreHomeowners may see cheaper electricity bills in May as the National Energy Policy Council (NEPC) has approved spending 13 billion baht from gas sales contracts in Myanmar to reduce the fuel tariff (Ft). National oil and gas conglomerate PTT Plc is the sole buyer of natural gas from operators at the Yadana and Yetagun offshore […]
Read MoreThe baht opened at 33.63 to the US dollar on Monday, strengthening from the previous closing of 33.65. The Thai currency is likely to move between 33.55 and 33.75 during the day and between 33.30 and 33.90 during the week, Krungthai Bank market strategist Poon Panichpibool predicted. Poon said that the baht is likely to […]
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Thailand
