“We want to support the economy in the second half of the year so people have more confidence and spend money” the Finance Minister said.
The Thai baht has soared against the U.S. dollar this year, significantly more than many other emerging market currencies.
BANGKOK – Thailand’s currency (Thai Baht) keeps getting stronger and that’s sparking concerns among policymakers, tourism operators and exporters. The Thai baht has soared against the U.S. dollar this year, significantly more than many other emerging market currencies. That strength, however, is sparking concerns as the country’s domestic economy weakens, analysts said. Since the beginning […]
The most important economic post, that of deputy prime minister in charge of economic matters, is being retained by Somkid Jatusripitak, who held it in the outgoing military government.
BANGKOK – The appointment of Thailand’s new cabinet somewhat dispels some political uncertainty, however huge doubts remain over its ability to stimulate the economy as the Thai Baht continues it’s strength. On Wednesday King Maha Vajiralongkorn endorsed the cabinet of junta chief-turned civilian Prime Minister Prayuth Chan-ocha, almost 108 days after highly disputed elections. Familiar […]
Swiss wealth and asset manager Lombard Odier predicts the baht to keep rising to a range of 29.59-29.89 against the greenback by the end of 2019
BANGKOK – As the Thai Baht continues to rise against the green back Tourism Operators are feeling the pinch as foreign travellers are having to pay more while visiting, pushing them to other Asean countries where currencies have appreciated more moderately. The Sports and Tourism Ministry has also blamed the strength of the baht, in […]
Tourism is an economic lifeblood for Thailand, and the sheer number of visitors is one of the reasons the nation has Asia’s strongest currency this year.
BANGKOK – Thailand is already struggling to cope with the environmental impact of a tourism boom that’s expected to lure 40 million visitors this year. The influx is on course to hit 65 million a decade from now, signaling an even bigger challenge ahead. Southeast Asia’s second-largest economy plans to pour about $13 billion into […]