A group of mall operators has called on the government to help design standardised guidelines for restaurant operators and to extend service times to recoup sales opportunities. Nopporn Witoonchart, president of Thai Shopping Centers Association (TSCA), said restaurants are still facing some problems after the government allowed them to reopen last Sunday. There are no […]
Read MoreThe Bank of Thailand cut its policy rate by 25 basis points to a record low of 0.50% on Wednesday, to help soften the economic impact of the pandemic and social distancing measures. The central bank’s Monetary Policy Committee (MPC) voted 4-3 at Wednesday’s meeting to lower the one-day repurchase rate, with the three dissenters preferring […]
Read MoreKasikornbank is doubling the number of foreign-denominated currencies to 12 in KBank’s international money transfer service via mobile banking app K Plus, covering 30 countries. The country’s biggest mobile banking app by users will be able to send money to countries across the world by year-end, said senior executive vice-president Silawat Santivisat. The 12 currencies […]
Read MoreThe Commerce Ministry has registered a domain for Thai farm and food products, TraceThai.com, with local organic rice chosen as the pilot product given its high value, strong market demand and export potential. Pimchanok Vonkorpon, director-general of the Trade Policy and Strategy Office under the Commerce Ministry, said the registration is part of an ongoing […]
Read MoreDomestic car sales shrank for an 11th straight month in April, tumbling 65.02% from a year earlier to 30,109 vehicles, as the coronavirus outbreak dampened demand, the Federation of Thai Industries (FTI) said on Wednesday. Sales in March slumped 41.74% from a year earlier. It was the 11th consecutive month of decreases after more than […]
Read MoreAfter lagging other Asian currencies for most of the year, Thailand’s baht has staged a sharp rebound to outperform its peers. The baht has rallied almost 1.5% in May after dropping over 7% in the first four months of 2020. The catalyst? Traders are betting Thailand’s tourism-dependent economy will recover swiftly from the virus-induced slump […]
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