The government’s recent ban on dining in at restaurants in major cities and reports of more Covid infections at some high-profile restaurants have sounded the death knell for many eateries. These factors represent a doubly whammy for small and medium-size family-run eateries, street stalls and food vendors, which rely heavily on foot traffic. With the […]
Read MoreThe baht opened at 31.35 to the US dollar on Monday, weakening from Friday’s closing rate of 31.39. The Thai currency is likely to move between 31.30 and 31.45 during the day and between 31.20 and 31.50 this week, Krungthai Bank market strategist Poon Panichpibool said. He said the dollar would tend to be stable […]
Read MoreDespite the Covid-19 outbreaks, Thailand’s fresh fruit export prospects remain promising this year as the appetite worldwide for Thai fruit is strong, particularly in China, Vietnam and Hong Kong. According to Somdet Susomboon, director-general of the International Trade Promotion Department, the agency expects fresh fruit shipments to grow by 17% this year to 122 billion […]
Read MoreThe Bank of Thailand (BOT) has one of the most mature interbank/wholesale central bank digital currency (CBDC) projects in the world, a report from PwC said. The “PwC Global CBDC Index 2021” analyses central banks’ maturity in deploying their own digital currency, including tracking progress and stance on developing CBDC development. The other central bank […]
Read MoreThe Tourism Authority of Thailand (TAT) believes it will not be able to meet its 2021 target because few people are travelling due to the third wave of Covid-19. TAT governor Yuthasak Supasorn said the organization expects 90 million locals to take trips this year, slightly less than 90.52 million in 2020. People have been […]
Read MoreThe Bank of Thailand has earmarked more than 8.23 billion baht for the rehabilitation of 4,254 loans, that have suffered due to rising economic uncertainties from the latest wave of Covid-19 infections. Suwannee Jatsadasak, senior director of the central bank, said the Thai banking system’s performance in the first quarter shows that the banking system […]
Read More
Thailand
