Latest news and articles about thai economy from NEX English
The Thai currency, the baht, faces increasing challenges since the onset of the Iranian war, with forecasts indicating further losses due to rising oil prices. Experts warn of negative effects on the Thai economy.
The Governor of the Bank of Thailand, Veerathai Santiprabhob, announced that the central bank will maintain the interest rate at <strong>1.00%</strong>, with economic growth expectations between <strong>1.3%</strong> and <strong>1.7%</strong> for this year. This decision comes amidst ongoing inflation risks.
The Governor of the Bank of Thailand, Veerathai Santiprabhob, announced that the bank will maintain interest rates at the current level for as long as possible to support the economy, despite rising inflation expectations due to ongoing conflicts in the Middle East.
The Thai government has announced a rise in diesel prices by <strong>2.80 baht</strong> per liter, effective immediately. This decision follows a reduction in government fuel subsidies aimed at addressing rising fuel costs.
The Thai government has announced the termination of diesel price support, significantly affecting various economic sectors. While fuel companies stand to benefit, transportation, retail, and tourism sectors face increasing pressure due to rising costs.
The Songkran celebrations in Thailand, the largest annual water festival, are witnessing a notable decline in spending this year as rising costs impact consumers. The festivities are expected to be quieter compared to previous years.