The baht opened at 31.39 to the US dollar on Friday, weakening from its close of 31.35 on Thursday. The Thai currency is likely to move between 31.30 and 31.45 during the day, Krungthai Bank market strategist Poon Panichpibool said. He said the baht was facing several negative factors, such as the Covid-19 crisis in […]
Read MoreGDP growth may dive to 1.6% this year if the government fails to stimulate an economy reeling from the third wave of the pandemic, says the University of the Thai Chamber of Commerce (UTCC). Despite maintaining its GDP growth forecast at 2.8%, the university on Thursday warned the government about dimmer prospects as economic growth will […]
Read MoreCross-border trade between Cambodia and Thailand remains busy as usual despite ongoing lockdowns in parts of both countries to combat the spread of Covid19 in their respective communities, according to senior provincial officials. Battambang provincial Department of Commerce director Kim Hout told The Post on April 22 that imports of noodles, fish sauce and canned […]
Read MoreThe fresh wave of the pandemic is threatening the recovery of Thailand’s media spending this year, possibly reducing projected double-digit growth to flat growth in the worst-case scenario and a 4% increase in the best case, says Media Intelligence (MI), a media planning and creative agency. “In April we witnessed about 50% of customers postponing […]
Read MoreFinance Minister Arkhom Termpittayapaisith is concerned a great number of Thais risk an uncomfortable retirement as nearly 40% of the population is prone to spend rather than save. He said the Covid-19 outbreaks have worsened Thailand’s fragile household debt levels. Speaking on Thursday at a seminar on financial literacy, Mr Arkhom said Thailand’s household debt surged […]
Read MoreThe Joint Standing Committee on Commerce, Industry and Banking (JSCCIB) plans to ask Prime Minister Prayut Chan-o-cha to allow the private sector to import 5 million doses of Covid-19 vaccines by the end of this year during a meeting with the premier next Wednesday. Gen Prayut has expressed interest in the private sector helping with […]
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