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Thai military party neck and neck with Pheu Thai opponent

Boris Sullivan

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As of 10.28pm, with 92 per cent of the votes counted, the pro-junta Phalang Pracharat appeared to have beaten Shinawatra-backed Pheu Thai with a total of 28.7% of votes and 139 seats

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Pheu Thai came in a close second with 27% of votes with 140 seats – beating Phalang Pracharat in terms of constituency seats.

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Currencies

3 Reasons to Be Optimistic About the Baht Right Now

Probably one of the most important factors for the rise of the Baht is the continued weakness of the US dollar, which most experts agree is going to continue declining throughout the rest of the year.

Pr News

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The Thai Baht, our beleaguered currency, has had something of a difficult few years. Successful debt and inflation crises have eroded the value of the Baht numerous times, not least the events of 2015-16, which saw the Baht plunge to some of the lowest levels against the Dollar in history.

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Tourism

Will Thailand’s plan for quarantine-free tourism set a global trend?

According to the Tourism Authority of Thailand, the quarantine-exemption measures implemented in Phuket will be extended to five other key tourism destinations – Krabi, Phang Nga, Surat Thani (Ko Samui), Chonburi (Pattaya) and Chiang Mai – from October 1.

Oxford Business Group

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As part of plans to stimulate a rebound in tourism, some countries have moved to waive compulsory quarantine for international travellers who have received a coronavirus vaccine.

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Business

Thailand Approves Latest Economic Relief Package for Businesses

Some 250 billion baht (US$8 billion) was allocated for soft loans while the remaining 100 billion baht (US$3.2 billion) will go towards an ‘asset warehousing’ program whereby debtors can use their assets as loan collateral but will have the right to redeem their assets under a specific time frame.

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On March 23, 2021, Thailand’s government approved its latest economic relief package, valued at 350 billion baht (US$11.2 billion), to support businesses in the country.

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