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Thailand: Cross-border trade rises 29% in May

Cross-border trade rose more than 29 per cent in May, increasing for the fifth consecutive month, the Commerce Ministry reported on Tuesday. Total trade of 677.078 billion baht represented a rise of 29.15 per cent, with exports up 33.6 per cent to 408.3 billion baht and imports up 22.93 per cent to 268.777 million baht. […]

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Thailand: Baht feels the heat from Covid-19 situation

The baht opened at 32.11 to the US dollar on Wednesday, weakening from Tuesday’s closing rate of 32.02. The Thai currency is likely to move between 32.05 and 32.20 during the day, Krungthai Bank market strategist Poon Panichpibool said. The most important factor influencing the direction of the baht is the Covid-19 situation in Thailand […]

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Thailand: Dining-in ban hurts ailing eateries

Eateries are braving the unprecedented Covid-19 crisis, with the government’s latest announcement to ban dining-in at restaurants across high-risk areas including Bangkok through July anticipated to aggravate their plight. Nongchanok Stananonth, assistant vice-president of marketing at SLRT, operator of Sizzler restaurant chain, said that with the new measure, 31 Sizzler restaurants out of 57 have […]

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Bank of Thailand to adjust forex rules to cope with volatility

The Bank of Thailand (BoT) is considering adjusting the foreign exchange regulatory framework to help the economy better cope with volatility, officials said on Tuesday, as the baht hit a more than 13-month low against the US dollar. The adjustments include reducing foreign exchange limitations, facilitating hedging and removing a requirement of supporting documents for […]

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Thailand: Exporters set to gain from a weaker baht

Export stocks in many industries are expected to gain from a 6% depreciation of the Thai baht since mid-May as the prospects of US economic recovery and an inflation rate hike has caused the US dollar to rise, according to KTBST Securities. Petrochemical, energy and material import stocks from businesses abroad face losses on the […]

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Thailand: Penalties for tourists who break rules

There will be penalties for people who break their 14-day mandatory stay in Phuket as the provincial government has been given full authority to impose a fine or withdraw quarantine-free privilege from tourists. The regulations, published in the Royal Gazette, not only grants permission to Phuket to reopen without quarantine to inoculated tourists but also authorised nine […]

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