The cabinet on Tuesday approved 45 billion baht of projects aimed at reviving the economy, the prime minister said, as the tourism-reliant country struggles with a third wave of coronavirus infections. The projects would improve the local economy and community, Gen Prayut Chan-o-cha told reporters, without giving further details. It follows an economic relief package […]
Read MoreThe baht opened at 31.09 to the US dollar on Tuesday, unchanged from Mondays closing rate. The Thai currency is likely to move between 31.05 and 31.20 during the day, Krungthai Bank market strategist Poon Panichpibool said. He predicted that the baht would move to 31 to the dollar with resistance. Meanwhile, several companies are […]
Read MoreExport of durian to China has spiked thanks to an online booking platform set up by the Agriculture and Cooperatives Ministry. Alongkorn Ponlaboot, an adviser to the ministry, said that though it took nine hours to sell the first lot of 20 tonnes of durian, the second lot of 25 tonnes was snapped up in […]
Read MoreThe baht opened at 31.06 to the US dollar on Monday, strengthening from its previous close of 31.17 on Friday. The Thai currency is likely to move between 31 and 31.15 during the day and between 31 and 31.15 this week, Krungthai Bank market strategist Poon Panichpibool said. He suggested that investors monitor the dollar’s […]
Read MoreThe third wave of the pandemic has unnerved businesses who previously believed they would be able to recover this year after Covid-19 walloped their income in 2020. Complicated by a more contagious UK Covid-19 strain, the third wave has seen more than 1,000 infections a day since April 14, with deaths climbing to double digits […]
Read MoreThe latest Covid-19 outbreak decreases the likelihood of the planned reopening taking place during the peak season, as slow vaccination might derail the ability to open up more broadly, says STR, a hospitality market analyst. Jesper Palmqvist, area director of Asia-Pacific for STR, said the global situation is still volatile because of setbacks from new […]
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