Results 1 to 4 of 4
  1. #1
    Thailand Expat misskit's Avatar
    Join Date
    Dec 2009
    Last Online
    @
    Location
    Chiang Mai
    Posts
    25,703

    JSCCIB: Too soon to say if exports affected by stronger baht

    BANGKOK, 6 February 2018 (NNT) - The Joint Standing Committee on Commerce, Industry and Banking (JSCCIB) has yet to conclude whether the stronger baht will have any impact on the export sector.

    After attending the JSCCIB meeting, President of the Thai Bankers Association Pridi Daochai said the committee decided to maintain the projected export and economic growth rates for 2018 at 3.5 % and 3.8%, respectively, despite the strengthening Thai baht.

    The Thai baht has risen to 32 baht against the U.S. dollar since the beginning of January. However, the JSCCIB will continue to monitor the situation before making any decision to revise its forecasts. The committee also expects that the inflation rate this year will range from 1.1 - 1.6%.

    In response to the stronger currency, the Bank of Thailand will implement measures to keep trading of the Thai baht to a minimum. The JSCCIB will try to promote domestic investments, pay off overseas debts, and increase the country’s foreign currency reserves.

    Meanwhile, Pridi admitted that the minimum wage rise will increase production cost across all industries by up to 14% depending on the location, as the minimum wage policy varies from one province to another.


    http://thainews.prd.go.th/website_en...O6102060010008

  2. #2
    Member

    Join Date
    Oct 2011
    Last Online
    04-04-2018 @ 09:53 AM
    Posts
    655
    Absolutely crazy, baht is far too high and needs devalueing immediately

  3. #3
    Thailand Expat
    Klondyke's Avatar
    Join Date
    Aug 2014
    Last Online
    Yesterday @ 11:06 PM
    Posts
    2,548
    Quote Originally Posted by misskit View Post
    The Joint Standing Committee on Commerce, Industry and Banking (JSCCIB) has yet to conclude whether the stronger baht will have any impact on the export sector.
    One does not need to be an economy expert "to conclude" how a 10% drop of US$ will influence the economy of the exporting industries having mostly their contracts in US$.

  4. #4
    Connected HuangLao's Avatar
    Join Date
    Jun 2017
    Last Online
    @
    Location
    Taphan Hin
    Posts
    3,191
    Quote Originally Posted by mykthemin View Post
    Absolutely crazy, baht is far too high and needs devalueing immediately

    Shades of 1997.
    And we all saw how that worked out.

Thread Information

Users Browsing this Thread

There are currently 1 users browsing this thread. (0 members and 1 guests)

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •