Call for action as baht sparks panic

Quick Summary:

Serious efforts to address baht appreciation are needed as it is threatening to dampen the country’s key economic engines of exports and tourism, while businesses struggle with an unsettled domestic economy, says the Federation of Thai Industries (FTI).

The baht opened on Sept 23 at 32.92 per dollar, compared with 33.60 baht at closing on Sept 20.

A source from a large inbound tour operator, who asked not to be named, said the earlier baht appreciation over other Asian currencies was worrying operators.

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Article Details

Category: EconomyBusiness

Markets: ThailandJapanVietnam

Topics: Exports Thailand Kriengkrai Thai Businesses Appreciation Baht Industries Cannot Dollar Manufacturers

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-09-27 @ 18:46:00 (4 hours ago)

News Timezone: GMT +8:00

News Source URL: bangkokpost.com

Language: English

Article Length: 494 words

Reading Time: 3 minutes read

Sentences: 18 lines

Sentence Length: 28 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Bangkok Post

News ID: 22750694

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About Bangkok Post

Main Topics: EconomyBusiness

Official Website: bangkokpost.com

Update Frequency: 15 posts per day

Year Established: 1946

Headquarters: Thailand

News Last Updated: 2 hours ago

Coverage Areas: Thailand

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Publisher ID: #66

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