The baht opened at 33.33 to the US dollar on Monday, strengthening from last week’s closing rate of 33.37. The Thai currency was likely to move between 33.30 and 33.45 during the day and between 33.10 and 33.60 this week, Krungthai Bank market strategist Poon Panichpibool said. The baht’s trend would depend on the dollar’s […]
Read MoreThe weakening baht against the US dollar has propped up the export sector, which could register higher growth this year if Thailand can overcome challenges ranging from the ongoing pandemic to shortages of containers and labour. Baht trading on Wednesday opened at 33.45 baht against the dollar, moving in a range of 33.34-33.47 during day […]
Read MoreThai rice exports are expected to continue to increase for the rest of this year, helped by the weak baht and relatively low prices. Chookiat Ophaswongse, honorary president of the Thai Rice Exporters Association, said he was bullish about Thai rice export prospects for the remaining months of 2021 after exports tallied only 2.8 million […]
Read MoreStockpiling of essential goods at home appears to be on the rise as a result of the ongoing lockdown, curfew measures and daily reports of rising Covid-19 infections and death tolls. Operators of supermarkets, hypermarkets and cash & carry stores report shoppers buying large volumes of daily goods such as packed rice, cooking oil, instant […]
Read MoreThe lockdown extension and a shift to online sales continue to create an impact on the average occupancy rate of Bangkok retail spaces in the third quarter as it falls to the lowest level in almost two decades. Punnee Sritanyalucksana, chief operating officer of Edmund Tie & Co Thailand, a property consultant, said Bangkok retail […]
Read MoreThe Ministry of Agriculture, Forestry and Fisheries on August 12 called on exporters of Pailin longan to divert their products from Thailand to Vietnam in light of the Covid-related Cambodia-Thai border closures, as the harvest season ramps up. Cambodia and Vietnam have agreed on phytosanitary requirements permitting Cambodian longan to enter the Vietnamese market, as […]
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