The Latest Breaking News from Krungthai Compass

Research houses expect the Bank of Thailand to raise its policy rate one or two additional times this year because of an upside risk to inflation as the economy recovers.

The analysis department of Asia Plus Securities (ASPS) expects the eight commercial banks it covers to report a combined net profit of 54 billion baht in the first quarter of 2023, up 34% from three months earlier thanks to net interest income (NII) growth and reduced operating costs.

Krungthai Compass, a research unit under Krungthai Bank, expects foreign tourist arrivals in 2023 to more than double the number recorded last year, estimating it will take two years to return to the level posted in 2019.

Global economic growth in 2023 is expected to remain sluggish, following a year roiled by the war in Ukraine and soaring inflation.

The courage to venture to overseas frontiers and easier access to loans are the key factors to facilitate small and medium-sized enterprises (SMEs) becoming exporters, according to lenders and industry leaders.

Krungthai Compass, a research unit under Krungthai Bank, expects the minimum wage increase to reduce the number of poor workers, improve their income, and broadly support long-term Thai economic growth.

Due to the Covid-19 pandemic and the spread of other viruses, including Monkeypox and Laywi, people's lifestyles have changed. Their focus has shifted to living a healthy lifestyle. Now people invest more to keep themselves physically and mentally healthy.

Economists are warning the baht will weaken further throughout this month because of higher volatility in money and capital markets worldwide after the US Federal Reserve's hawkish benchmark interest rate hike.

The #mangostickyrice trend and a wave of photos showing people devouring the dessert across social media has boosted sales of the yellow tropical fruit served with warm sticky rice. Thai mango growers welcome this trend for two reasons: mangoes are now in season and farmers have struggled to earn a…