The baht’s strengthening value could breach the band of 30 per US dollar next year, mainly because of Thailand’s huge current account surplus, says Krungthai Asset Management (KTAM). Although pressure inducing the baht appreciation has decreased since the country’s current account surplus has dipped from last year’s massive accumulation, the surplus still has the potential […]
Read MoreSome 35% of businesses in Thailand said their most significant cyberbreach has cost US$1 million or more in damage, according to Cisco’s 2019 Asia-Pacific Chief Information Security Officer Benchmark study. Cybersecurity technology is in high demand following the roll-out of the Cybersecurity Act and Personal Data Protection Act, as well as the national ID scheme. […]
Read MoreThe Finance Ministry has not made a decision on whether the import duty on luxury brands will be temporarily cut to 5% from 30% as proposed by the Tourism and Sports Ministry to boost tourism this year. The Tourism and Sports Ministry has not made an official request to the Finance Ministry, so the latter […]
Read MoreExports shrank by 1.39% year-on-year in September but improved from the 4% plunge in August, boosted by higher shipments of industrial products. The Commerce Ministry said customs-cleared outbound shipments fetched US$20.5 billion in September, down 1.39% from the same month last year, with those in baht terms totalling 626 billion baht, down 7.76%. Pimchanok Vonkorpon, […]
Read MoreEleven SET-listed commercial banks posted a 1.81% year-on-year increase in consolidated unreviewed net profit for the three months through September, while most of them continued to see an uptick in bad loans. Their aggregate net profit for the July-to-September quarter amounted to 57.8 billion baht. Siam Commercial Bank (SCB) delivered a 40.8% surge in its […]
Read MoreBangkok has been ranked No.1 in the Mastercard Global Destination Cities Index (GDCI) for international overnight visitors for the fourth straight year, and the sixth time in the past decade. Thailand is the only country in this year’s GDCI with three cities in the global top 20 for international overnight visitors (Bangkok, Phuket and Pattaya) […]
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