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Thailand: Action on inoculation paramount

Tourism operators have slammed the government’s inefficient public inoculation scheme, which is preventing herd immunity as a fresh outbreak affects the industry for a third time. Thailand’s tourism industry was hurt by a second outbreak of the pandemic late last year and was just starting to glimpse a potential recovery this month with the long […]

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Thailand: Baht ‘may continue to weaken’

The baht opened at 31.38 to the US dollar on Thursday, weakening from its close of 31.36 on Wednesday. The Thai currency is likely to move between 31.35 and 31.45 during the day, Krungthai Bank market strategist Poon Panichpibool said. He mentioned that the new wave of Covid-19 in Thailand was the key problem this […]

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Thailand: BoT recommends additional aid measures

Thai economic uncertainty looms large amid a fragile recovery, says the Bank of Thailand, and it advised the government to prepare additional financial and fiscal aid packages to cushion against a worst-case scenario. The central bank on Wednesday published the edited minutes of the Monetary Policy Committee’s meeting on March 24, where it projected the Thai […]

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Thailand: Lifestyle, virus push e-money trend

Electronic money (e-money) has grown in terms of spending and top-up value, driven by consumers’ financial behaviour in the digital age and social distancing amid the pandemic. According to the Bank of Thailand, e-money spending value has continued to increase for the past five years. In 2020, the value was 310 billion baht, rising from 276 […]

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