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Recovery on track

Recovery on track

The economy remains firmly on a path towards economic recovery despite growing uncertainties from inflation, geopolitical risks and a potential global recession: the finance minister.

04:21 18
Industry group knocks Pheu Thai's 600B minimum wage

Industry group knocks Pheu Thai's 600B minimum wage

The Joint Standing Committee on Commerce, Industry and Banking (JSCCIB) is opposing the Pheu Thai Party's pledge to raise the daily minimum wage to 600 baht because it could affect the business sector's competitiveness.

06:04 6

Local banks forecast to move this week

Local banks are expected to raise interest rates this week following the Bank of Thailand's recent policy rate hike, while borrowers could face a normalisation of loan rates for next year.

05:13
Local banks forecast to move this week

EXCHANGE RATE

Currency/Baht
Buy (Baht)
Sell (Baht)
EUR
36.3275
37.0664
GBP
42.1397
42.9848
HKD
4.4656
4.5508
JPY
25.2334
25.9436
USD
34.9212
35.2407
CNY
4.9580
5.1072
Source: Bank of thailand (8 Dec 2022)

SET

SET
1,617.95
-4.33
SET50
975.00
-3.83
SET100
2,198.13
-7.15
sSET
1,056.48
+2.51
SETCLMV
986.40
-2.72
SETHD
1,167.12
-3.23
SETTHSI
1,031.91
-2.97
Source: settrade.com (8 Dec 2022)
LATEST
11:12

Consumer confidence at 20-month high in November

Thai consumer confidence rose for a sixth straight month in November, reaching a 20-month high, boosted by improved economic activity following the easing of Covid-19 curbs and higher foreign tourist arrivals, a survey showed on Thursday.

11:12
Consumer confidence at 20-month high in November
09:39

Thai Union to go ahead with B6bn investment

Thai Union Group Plc, a global leading seafood company, has repledged its intention to invest 6 billion baht to expand its business over the coming year, despite the ongoing global economic challenges, including runaway inflation and rising interest rates.

09:39
Thai Union to go ahead with B6bn investment
09:09

Analysts see Fed rate hike of 0.5%

Analysts expect the Federal Reserve to raise interest rates by 0.5% in the middle of this month, putting pressure on stocks, gold and oil to continue their freefall.

09:09
Analysts see Fed rate hike of 0.5%
08:16

Tourism singled out for big rebound

Thai tourism should see a big recovery next year as airline capacity increases, while hotel operators are urging the government to bridge the income gap between large and small hotels, according to a forum held on Wednesday.

08:16 4
Tourism singled out for big rebound
06:04

Industry group knocks Pheu Thai's 600B minimum wage

The Joint Standing Committee on Commerce, Industry and Banking (JSCCIB) is opposing the Pheu Thai Party's pledge to raise the daily minimum wage to 600 baht because it could affect the business sector's competitiveness.

06:04 6
Industry group knocks Pheu Thai's 600B minimum wage
05:13

Local banks forecast to move this week

Local banks are expected to raise interest rates this week following the Bank of Thailand's recent policy rate hike, while borrowers could face a normalisation of loan rates for next year.

05:13
Local banks forecast to move this week
04:56

Economists upbeat on 2023

Thailand's economic outlook remains positive for next year despite global headwinds, according to economists.

04:56 2
Economists upbeat on 2023
04:21

10m foreign tourist target nears

The economy remains firmly on a path towards economic recovery despite growing uncertainties from inflation, geopolitical risks and a potential global recession: the finance minister.

04:21 18
Recovery on track
04:00

Inflation slows for 3 months in a row

Thailand's inflation rate slowed for a third straight month in November helped by a fall in food prices, especially for fresh vegetables, fresh fruits, meats and seasonings.

04:00
Inflation slows for 3 months in a row
04:00

Putin Grips Economy Tighter to Supply Russian War Machine

After a string of battlefield losses in Ukraine in recent months, President Vladimir Putin faces a big test at home: mobilizing Russia's economy to feed the war effort.

04:00
Putin Grips Economy Tighter to Supply Russian War Machine

EXCHANGE RATE

Currency/Baht
Buy (Baht)
Sell (Baht)
EUR
36.3275
37.0664
GBP
42.1397
42.9848
HKD
4.4656
4.5508
JPY
25.2334
25.9436
USD
34.9212
35.2407
CNY
4.9580
5.1072
Source: Bank of thailand (8 Dec 2022)

SET

SET
1,617.95
-4.33
SET50
975.00
-3.83
SET100
2,198.13
-7.15
sSET
1,056.48
+2.51
SETCLMV
986.40
-2.72
SETHD
1,167.12
-3.23
SETTHSI
1,031.91
-2.97
Source: settrade.com (8 Dec 2022)