The economy should still be able to achieve growth of 4% next year, despite uncertainty over the spread of the Omicron coronavirus variant, the finance minister said on Thursday. The country’s vital tourism sector, in particular, should be recovering after a reopening, and an improved global economy will also support the economy, Finance minister Arkhom […]
Read MoreThailand’s economy should still be able to achieve growth of 4% next year, despite uncertainty over the spread of the Omicron coronavirus variant, the finance minister said on Thursday. The country’s vital tourism sector, in particular, should be recovering after a reopening, and an improved global economy will also support Southeast Asia’s second-largest economy, Finance […]
Read MoreThe Bank of Thailand has cut its forecast for foreign tourist arrivals in 2022 because of the impact of the Omicron variant and government measures to restore mandatory quarantine for visitors entering the country from overseas. The Monetary Policy Committee (MPC) meeting on Wednesday assessed the Omicron outbreak’s impact on the economy in early 2022. The […]
Read MoreThe baht opened at 33.52 to the US dollar on Friday, strengthening from Thursday’s closing rate of 33.54. 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 might strengthen slightly and swing sideways in the […]
Read MoreThailand’s export growth is forecast to slow to just 0.2-4.8% next year, tallying US$262-275 billion. Negative factors weighing on the sector include Omicron variant outbreaks, rising inflation among trading partners, and more stringent measures to contain Covid-19 infections in China. Other challenges include container shortages and high freight rates, increasing world crude oil prices and […]
Read MoreThe country’s use of cash is expected to decline by 4% in 10 years and 15% in 20 years as more Thais shift to e-payment, according to a Bank of Thailand paper. The central bank predicts cash usage will continue to decline over the long term, replaced by e-payment. In 2030, cash usage is expected […]
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