The baht opened at 33.85 to the US dollar on Tuesday, strengthening from the previous closing of 33.89. The Thai currency is likely to move between 33.75 and 33.95 during the day and between 33.60 and 34 during the week, Krungthai Bank market strategist Poon Panichpibool predicted. Poon said that the baht might continue to […]
Read MoreThe Customs Department plans to introduce a non-tariff measure to bridge the disparity between low-priced goods shipped into Thailand that are tax-exempt and goods locally produced by small and medium-sized enterprises (SMEs), says director-general Patchara Anuntasilpa. Customs rules allow goods priced 1,500 baht or lower that are shipped into Thailand exemption from import duties and […]
Read MoreThe luxury car market in Thailand is expected to keep expanding with double-digit growth this year, despite the impact of lockdown measures implemented to contain the spread of Covid-19. Demand for cars and the purchasing power of prospective buyers remain strong in these segments, making Thailand a target market for upper-end car manufacturers, said Teeraphong […]
Read MoreThailand is on course to achieve economic growth of around 1.2% this year, said government spokesman Thanakorn Wangboonkongchana, adding the economy is likely to grow by 3.5-4% next year. Thailand’s foreign reserves reached US$246 billion (about 8.17 trillion baht) in October, he continued, which is about three times the size of the country’s short-term foreign […]
Read MoreSome 93% of Thai banking customers say the availability of online or digital services through their bank is important, according to a new report by Mambu, a digital financial services platform developer. While 61% of consumers globally have made greater use of digital banking services over the last 18 months, in Thailand the figure is […]
Read MoreThe country’s reopening on Nov 1 marked the first step towards rebuilding the battered tourism industry, but the process will likely take several years as international demand is still sluggish and a new Covid variant just emerged. According to the Department of Disease Control, Thailand had 133,061 arrivals from Nov 1-30, far below the pre-pandemic […]
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