Krungthai Bank market strategist Poon Panichpibool yesterday reported that the Thai baht is likely to hover between 32.80 and 32.95 as foreign investment continues to leave the Kingdom. He said foreign investors decided to sell their assets in Thailand due to the uncertainty caused by the Covid-19 situation in the country. He too would lead […]
In 2019, Thailand became the first country in Southeast Asia to legalize the use of medical marijuana – although several key restrictions remain in place. The government ban on marijuana plants and products containing significant amounts of THC (the psychoactive compound that produces a high) remains in place, although other parts of the plant have […]
Like many countries, Thailand’s economy was hit hard by the COVID-19 pandemic last year. The country’s GDP fell by more than 6% in 2020 and many workers, especially those linked to the tourism sector, lost their jobs. This despite decisive action by the government to implement a set of fiscal, monetary and financial policies to […]