Amid a property market slowdown and travel obstacles, developers are adopting digital tools to boost residential sales from local and foreign demand as well as tapping into a new generation of buyers offering sales via cryptocurrency. Kromchet Vipanpong, chief executive of SET-listed developer AssetWise (ASW), said the company joined hands with Thai cryptocurrency firm Bitkub […]
Read MoreThai exports are maintaining healthy growth momentum, recording the fastest expansion in 11 years in May, driven by strong global demand and economic recovery in trading partners as the government continues aggressive promotion. The Commerce Ministry reported on Thursday customs-cleared exports rose for a third month, increasing by 41.6% from May last year to US$23.1 billion […]
Read MoreThe baht opened at 31.84 to the US dollar on Thursday, strengthening from Wednesday’s closing rate of 31.86. The Thai currency is likely to move between 31.80 and 31.95 during the day, Krungthai Bank market strategist Poon Panichpibool said. Poon reiterated that the baht was being affected by the Covid-19 situation in Thailand, which has […]
Read MoreExports surged to a more than expected 41.59% in May from a year earlier, the fastest pace in nearly 11 years, as global demand improved, the commerce ministry reported on Thursday. That compared with a forecast for a jump of 30% in May in a Reuters poll and a rise of 13.09% in April. Source: https://www.bangkokpost.com/business/2137803/exports-surge-41-6-y-y-in-may
Read MoreInternational arrivals for Thailand are estimated to remain flat this year, assuming the country can reopen in October, while recovery to 2019 levels might not happen until 2023 under the best-case scenario, according to the Pacific Asia Travel Association (Pata). Liz Ortiguera, Pata’s newly-appointed chief executive, said international arrivals are most likely expected to stay […]
Read MoreThe Bank of Thailand (BoT) has slashed the country’s economic growth forecast again for this year to 1.8% from an earlier projection of 3%, due to lower foreign tourist arrival estimates and lower domestic demand due to the third wave of Covid-19. Under the downside risk outlook, the central bank has revised its forecast of […]
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