Thai baht lowest since January

Delay in US economic recovery could weaken the baht

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…

Employment key to reopening economy

Employment key to reopening economy Finance Minister Arkhom Termpittayapaisith has instructed ministry departments to devise measures to tackle unemployment and propel the economic recovery in preparation for a full reopening of Thailand’s economy. “Businesses without money cannot hire people, therefore one of the measures to tackle unemployment is to maintain existing employment. The government can…

Thailand adds fresh tax breaks to stimulus to spur growth

Thailand adds fresh tax breaks to stimulus to spur growth BANGKOK (BLOOMBERG) – Thailand will extend tax incentives to millions of its middle and upper income groups to fire up consumption and counter the nation’s worst economic slump triggered by the coronavirus pandemic. The concession will allow about 3.7 million taxpayers to deduct 30,000 baht…

Krungthai Asset launches new fund to ride economic recovery

Krungthai Asset launches new fund to ride economic recovery Krungthai Asset Management (KTAM) has launched the initial public offering (IPO) of the Krung Thai Trigger Fund 4 (KT-TRIG4), claiming that the economic recovery was the fund’s supporting factor. The IPO opened on Tuesday and closes on Thursday. Chavinda Hanratanakool, KTAM’s chief executive officer, explained that…