The baht opened at 31.17 to the US dollar on Thursday, unchanged from its closing rate on Wednesday. The Thai currency is likely to move between 31.15 and 31.25 during the day, Krungthai Bank market strategist Poon Panichpibool said. He said the baht would weaken slightly this morning due to a strengthening dollar. However, the […]
Read MoreA central bank economist forecasts a crossroads for the country’s household debt over the next four years, either rising to 92.8% of GDP or declining to 79.1%. If Thai household debt grows at 1.2 times GDP, average growth over the past five years, the country’s household debt will increase to 18.1 trillion baht or 92.8% of […]
Read MoreAny proposed restructure of the vehicle excise tax should not affect the country’s product champion, the one-tonne pickup, says a source at the Excise Department who requested anonymity. The source said if the tax change targets only battery electric vehicles (BEVs), there is concern this might cause car manufacturers to relocate production bases from Thailand […]
Read MoreThere is little hope of attracting Chinese travellers to Thailand under the sandbox scheme during Golden Week in October as long as the country continues to report more than 2,000 new infections per day, says the Association of Thai Travel Agents (Atta). The group said vaccine diplomacy by China and the US may also affect […]
Read MoreA central bank economist forecasts a crossroads for the country’s household debt over the next four years, either rising to 92.8% of GDP or declining to 79.1%. If Thai household debt grows at 1.2 times GDP, average growth over the past five years, the country’s household debt will increase to 18.1 trillion baht or 92.8% of […]
Read MoreThailand’s national trade strategy should focus on four target industries — processed agricultural products and food; healthcare and wellness; biotechnology; and digital technology — says a policy chief. Such an emphasis will allow Thailand to keep abreast of changing technology trends amid ageing demographics, said Phusit Ratanakul Sereroengrit, director-general of Trade Policy and Strategy Office. […]
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