Domestic consumer spending has gradually recovered since the government started easing its lockdown and curfew measures in September. The country’s reopening for fully vaccinated foreign tourists on Nov 1 helped build up sentiment, as indicated by the consumer confidence index surveyed by the University of the Thai Chamber of Commerce (UTCC), showing a third straight […]
Read MoreIn a move that could further sour relations between the world’s two largest economies, the US Congress last week agreed on legislation aimed at punishing China for the alleged oppression of Uighur Muslims. The Uighur Forced Labor Prevention Act, passed by a unanimous voice vote on Dec 14, will make the US the first country […]
Read MoreAfter high season last year became a missed opportunity because of border closures, tourism businesses began to push the Phuket sandbox and Samui Plus pilot programmes in July this year, starting a long path to recovery. The pilot programmes allowed Thailand to move forward and helped pave the way for the country’s reopening on Nov […]
Read MoreHigh inflation rates arent bad news for everyone. They can be helpful for debtors — which in todays world economy means almost everybody. In the second quarter of this year, measures of household and business debt as a share of economic output saw some of the steepest drops on record in several advanced economies, according […]
Read MoreThe baht opened at 33.37 to the US dollar on Monday, weakening from the previous closing of 33.35. The Thai currency is likely to move between 33.30 and 33.45 during the day and between 33.25 and 33.50 during the week, Krungthai Bank market strategist Poon Panichpibool predicted. Poon said that the baht might strengthen if […]
Read More[BANGKOK] Thailand’s public health minister said on Monday (Dec 20) that his ministry will propose reinstating mandatory quarantine for foreign visitors due to concerns over the spread of the Omicron variant of the coronavirus. The proposal would scrap the current quarantine waiver for vaccinated visitors and revert to hotel quarantine and the “sandbox” programme, which […]
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Thailand
