The baht opened at 32.76 to the US dollar on Wednesday, weakening from Tuesday’s closing of 32.67. The Thai currency is likely to move between 32.70 and 32.85 to the greenback during the day, Krungthai Bank market strategist Poon Panichpibool predicted. Poon said that the baht will be pressured by a strengthening dollar and gold […]
Read MoreThailand’s cross-border trade prospects received a boost when the Tak Bai and Buketa border checkpoints in Narathiwat were reopened yesterday. Commerce Minister Jurin Laksanawisit said that the reopening of the two border checkpoints will help increase border trade activities between Thailand and Malaysia. According to Mr Jurin, the reopening of the two border checkpoints will […]
Read MoreThai Oil Plc (TOP), Thailand’s largest oil refinery by capacity, believes domestic demand for fuel has begun to return to pre-pandemic levels, except for jet fuel, consumption of which is expected to be back to normal by the end of next year. Demand for gasoline stood above 30 million litres a day and will grow […]
Read MoreThe Thai economy is expected to grow by 1.2% this year, recovering from a 6.1% contraction in 2020, with next year’s expansion predicted to be between 3.5-4.5%, according to the National Economic and Social Development Council (NESDC). However, the state planning unit warns that in the year to come the government needs to focus on […]
Read MoreThe baht opened at 32.76 to the US dollar on Tuesday, weakening from Monday’s closing of 32.73. The Thai currency is likely to move between 32.70 and 32.85 to the greenback during the day, Krungthai Bank market strategist Poon Panichpibool predicted. Poon added that the baht is likely to swing sideways despite pressure from a […]
Read MoreThe Department of Trade Negotiations (DTN) is getting ready to hold Asia-Pacific Economic Cooperation (Apec) forums next year now that Thailand has taken over as chairman. Apec symposiums in 2022 will follow the theme “Open. Connect. Balance.” DTN director-general Auramon Supthaweethum said the Apec Ministers Responsible for Trade Meeting in May will focus on regional […]
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Thailand
