The baht opened at 33.53 to the US dollar on Tuesday, strengthening from Monday’s closing rate of 33.57. The Thai currency is likely to move between 33.45 and 33.60 to the greenback during the day, Krungthai Bank market strategist Poon Panichpibool predicted. Poon said that the baht is likely to fluctuate. He said the baht […]
Read MoreTourism operators are losing hope in both the New Year and Chinese New Year holidays as the Public Health Ministry forecasts a worst-case scenario of over 30,000 Omicron infections per day in the first quarter. “Whatever decision the government has to make to battle the new outbreak, we don’t have a choice but must strictly […]
Read MoreThe Covid-19 situation has been a significant influence on New Year shopping with more than three in four Thais (77%) saying it has affected their intention to buy holiday season gifts, according to Marketbuzzz, a local mobile marketing and market research specialist. Nevertheless, retailers can still expect a busy time with Thai consumers still out […]
Read MoreThe government is planning a fiscal 2023 budget worth 3.185 trillion baht, with a deficit of 695 billion baht for the fiscal year, which starts next October. According to Chalermphol Pensoot, director of the Budget Bureau, the budget was approved at yesterday’s meeting between Prime Minister Prayut Chan-o-cha and four economic agencies. The planned deficit […]
Read MoreThe Commerce Ministry is upbeat about new business registrations this year, driven by e-commerce, herbal businesses, delivery services, and businesses related to computers as consumers change their behaviour and more people work from home. Sorada Lertharpachit, deputy director-general of the Business Development Department, said new business registrations this year are expected to grow by 13.7% […]
Read MoreThe Bank of Thailand said on Friday it expects to test its retail central bank digital currency (CBDC) for the public in late 2022, later than planned, as an alternative payment option. The pilot project, previously planned for the second quarter of 2022, will evaluate the use of the CBDC in cash-like activities within a limited […]
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