The baht opened at 33.10 to the US dollar on Friday, strengthening from Wednesday’s closing rate of 33.35. The Thai currency is likely to move between 33.05 and 33.20 during the day, Krungthai Bank market strategist Poon Panichpibool said. He said the baht was likely to be volatile and weaken due to the Covid-19 situation […]
Read MoreFollowing a record-breaking six months of inflows into US mutual funds reaching a total of US$720 billion, Thai investors should focus their picks on value stocks reinforcing an economic recovery, says Morningstar Research Thailand. In June alone, US mutual funds posted $100 billion in net inflows, up from $83 billion in May. According to the […]
Read MoreThe Internal Trade Department is warning vendors who hoard and sell eggs at unreasonable retail prices they will face punishment of both jail and fines. Wattanasak Sur-iam, director-general of the department, said demand for eggs has significantly increased during the pandemic as more people stay at home for work. In addition, charity groups are buying […]
Read MoreThe bio-, circular and green (BCG) economy is likely the best model in the short term to revitalise a Thai economy battered by Covid-19 outbreaks, says Suvit Maesincee, the former higher education, science, research and innovation minister. Based on Thailand’s strengths in agriculture, its rich natural resources, diversity and physical geography, BCG is the best […]
Read MoreA drop in prices and a bigger, better harvest is expected to boost the export of Thai rice to Malaysia, the Department of Foreign Trade said this week. Keerati Rushchano, the department’s director-general, said his agency along with the Thai Rice Exporters Association and Office of Overseas Trade Promotion in Kuala Lumpur held a virtual […]
Read MoreThe prolonged nature and long-lasting effects of the Covid-19 pandemic mean commercial banks and clients should focus on long-term debt restructuring, says the Bank of Thailand. Ronadol Numnonda, the central bank’s deputy governor for financial institutions stability, said short-term debt suspensions or restructurings are not proportionate to the suffering of bank clients as a result […]
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