The Thai financial system has become more vulnerable due to negative shocks from the recent Covid-19 outbreak, says the Bank of Thailand (BoT). The financial situation of Thai households has become more fragile as reflected in the elevated debt-to-income ratio which is higher compared to other countries. The majority of household debt comprises of personal […]
Read MoreThe proportion of so-called digital adopters and digital leaders in Thai businesses is expected to rise in the coming years as more than half of all businesses are gradually embracing digital transformation, according to a virtual business seminar held by the country’s largest mobile operator Advanced Info Service (AIS). Digital adopters are defined as businesses […]
Read MoreProperty developer Altitude Development Co is pressing ahead with low-rise housing projects, joint ventures and turnkey projects as this strategy is less risky during a pandemic. Chief executive Chayaphon Hunrungroj said all the new projects the company plans to launch this year and next year are low-rise homes, including single-detached houses and townhouses in the […]
Read More‘Prediction is very difficult, especially about the future,” quipped Niels Bohr, the Nobel Prize-winning physicist. It’s a statement that certainly applies to anyone making forecasts, and particularly investors at this time. Stock markets will continue to be buffeted by pandemic-related news. Successful investing in consumer stocks over the next couple of years, however, will depend […]
Read MoreThe baht opened at 31.43 to the US dollar on Thursday, strengthening slightly from Wednesday’s closing rate of 31.45. The Thai currency is likely to move between 31.40 and 31.50 during the day, Krungthai Bank market strategist Poon Panichpibool said. He predicted that the baht would weaken in the short term due to the market […]
Read MoreCambodia on May 20 launched the Cambodia Business Council (CBC) in Bangkok to serve as a one-stop centre for business trade and investment, as well as cultural and tourism exchanges between Cambodia and Thailand. Initiated by the Cambodian embassy in Bangkok as the first of its kind, the CBC serves as a platform to enhance […]
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