Delay in US economic recovery could weaken the baht The baht opened at 31.22 to the US dollar on Friday, unchanged from the previous close on Thursday. The Thai currency is likely to move between 31.12 and 31.32 on Friday, said Jitipol Puksamatanan, senior director of the chief investment office at SCB Securities. On Thursday…
Huawei: ICT to form 30% of GDP by 2030 The ICT sector is expected to contribute 30% to Thai GDP by 2030, up from 10% at present, thanks to 5G ecosystem development led by network deployment and the government’s digital economy policy, says Chinese tech giant Huawei. The company believes that Thailand could become a…
Thailand warms to China’s ventures The Chinese government is ready to enable an expansion of investments in Thailand and connect its Guangdong-Hong Kong-Macau Greater Bay Area (GBA) with the Thai government’s flagship Eastern Economic Corridor (EEC), Chinese Foreign Minister Wang Yi pledged on Thursday. The GBA is a megalopolis, also known as the Pearl River…