The baht opened at 32.66 to the US dollar on Wednesday, weakening from Tuesday’s closing rate of 32.60. The Thai currency is likely to move between 32.60 and 32.75 during the day, Krungthai Bank market strategist Poon Panichpibool said. He said foreign investors decided to sell their assets in Thailand due to uncertainty caused by […]
Read MoreA draft of a royal decree meant to regulate digital platforms providing services in Thailand has drawn criticism among legal and tech experts about its impracticality over stringent requirements. The Electronic Transactions Development Agency (ETDA) is set to unveil a draft royal decree on regulating digital platforms which are subject to prior notifications for public […]
Read MoreThe Bank of Thailand said on Tuesday that headline inflation should decline and hover around the lower band of its target range of 1%-3% by the end of the year. A jump in inflation in the second quarter was deemed as temporary due to the low base of energy prices and several price relief measures […]
Read MoreThe Bank of Thailand (BoT)’s view is that the government’s latest lockdown measures will lead to higher downside risks for the Thai economy amid the spread of the Delta variant of Covid-19, which is fuelling the latest wave of infections. The government’s new round of tighter lockdown measures and travel curbs reflect a higher downside […]
Read MoreThe Federation of Thai Industries (FTI) is closely monitoring the foreign exchange rate after the baht recently fell to its weakest value in 14 months at 32.29 baht to the US dollar, although this benefits Thai exporters. The baht is expected to remain weak in the short term because the US Federal Reserve is likely […]
Read MoreThe baht opened at 32.67 to the US dollar on Tuesday, weakening from Monday’s closing rate of 32.65. The Thai currency is likely to move between 32.60 and 32.75 during the day, Krungthai Bank market strategist Poon Panichpibool said. Poon said that foreign investors had decided to sell their assets in Thailand due to uncertainty […]
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Thailand
