The baht is expected to remain firm to the US dollar for the remainder of this year as offshore funds continue flowing into long-term Thai bonds, even though the Bank of Thailand recently imposed measures to curb the inflows, says a Kasikornbank (KBank) senior executive. The central bank’s measure to narrow the cap on the […]
Read MoreVIENTIANE (Vientiane Times/ANN) – The Lao and Thai business communities are drawing up plans to increase bilateral trade and investment volumes in the coming years by overcoming several long-standing barriers. The two sides expect to set up a special working group that will team up with personnel from both sides in the hope of bridging […]
Read MoreThailand and Indonesia hold the lion’s share of Vietnam’s car imports amidst challenges as the country seeks to prioritize local manufacturing. The two countries accounted for 88.7 percent of Vietnam’s total car imports in the first six months of this year, latest data from Vietnam Customs show. Imports of cars with 9 seats or less from […]
Read MoreMost companies oppose the government’s plan to raise the minimum daily wage nationwide to Bt400 as it will hurt small and medium-sized enterprises (SMEs), according to the Thai Chamber of Commerce. Chamber chairman Kalin Sarasin said that from the chamber’s discussions with many business operators, it was found that most of them worry over the […]
Read MoreThe Bank of Thailand (BOT)’s latest measure to manage the inflow of foreign money should not affect long-term foreign investment in the country, BOT director of economic analysis Pornpen Sodsrichai said on Thursday. “Our latest measure to prevent baht speculation by reducing the limit on the outstanding balance of non-resident baht accounts (NRBA) and non-resident […]
Read MoreThailand was ranked 56 out of 194 countries in the Government AI Readiness Index 2019 while Singapore sat top of the chart, according to UK-based consultancy Oxford Insights. Thailand was given a 5.458 rating out of 10, one spot above Indonesia at 57, which gained a score of 5.42. Malaysia was ranked 22nd with a […]
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