The baht experienced a sudden depreciation against the US dollar on Tuesday after Finance Minister Predee Daochai submitted his resignation less than a month into his tenure. Prime Minister Prayut Chan-o-cha has approved Mr Predee’s resignation, according to the Royal Gazette. Mr Predee cited illness as the reason for his resignation. Local media reports suggested that he […]
Read MoreThailand has started using a new overnight repurchase rate (THOR) after a transaction between Kasikornbank and CIMB Thai Bank, the central bank said on Tuesday. The overnight indexed swap, conducted on Monday, marked a positive start for creating liquidity for market participants in using the THOR reference rate, Assistant Governor Vachira Arromdee said in a […]
Read MoreAuthorities are planning to sharpen the skills of 8,500 potential workers next year to serve 12 targeted S-curve industries in the Eastern Economic Corridor (EEC) that are short on highly skilled labour in advanced technology. Thailand is struggling with a labour shortage as it adapts to digital disruptions, with the country unable to supply workers […]
Read MoreThailand’s tourism industry will face greater risks next year if the government continues to restrict foreign travellers from entering the country, says the Bank of Thailand. Foreign arrivals could be downgraded from a projection of 8 million this year and 16 million next year given the deflated tourism outlook, said Don Nakornthab, senior director of […]
Read MoreThailand’s current account surplus was $1.79 billion in July after a deficit of $247 million in the previous month, the central bank said on Monday. Exports declined 11.9% in July from a year earlier after tumbling 24.6% in June. Imports slumped 25.4% in July from a year earlier, resulting in a trade surplus of $4.11 […]
Read MoreCentara Hotels & Resorts, Thailand’s leading hotel operator, has signed management agreements with three new hotels in Myanmar, TTRweekly reported. The agreements cover three hotels developed by SL International Construction Co Ltd. The properties will be rebranded Centra by Centara Hotel Thiri Hpa-An, Hpa-An Hilltop Resort & Spa, and Centara Hotel Mandalay. In the last […]
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