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Search Result for “decline”

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BUSINESS

Hotels slash rates to lure Songkran market

Business, Narumon Kasemsuk, Published on 24/03/2026

» Concerned by a nosedive in European arrivals and low confidence due to fuel shortages among local travellers, hotel operators have started to offer discounts of 20-40% to attract tourists during the upcoming Songkran holiday.

BUSINESS

Baht set to fall further amid Mideast wartime pressures

Business, Somruedi Banchongduang, Published on 24/03/2026

» The baht is expected to depreciate to 33.50 per US dollar this week after testing a nine-month low of 33 on Monday, amid heightened uncertainties surrounding the conflict in the Middle East.

WORLD

On Iran, Trump executes his most spectacular U-turn yet

AFP, Published on 24/03/2026

» WASHINGTON (UNITED STATES) - International markets and the world at large have grown used to US President Donald Trump's abrupt reversals, but Monday's about-face on Iran was one of his most spectacular yet.

THAILAND

Pakorn tipped amid Borwornsak uncertainty

Chairith Yonpiam, Published on 23/03/2026

» The deputy prime ministerial post may go to Pakorn Nilprapunt, secretary-general of the Council of State, instead of veteran legal scholar Borwornsak Uwanno, who has chosen to forego roles in the new government due to his age, according to political insiders.

BUSINESS

SET falls below 1,400 as geopolitical tensions spark sell-off

Nuntawun Polkuamdee, Published on 23/03/2026

» Thailand’s benchmark index slipped below the key 1,400-point range on Monday as escalating geopolitical tensions and global risk-off sentiment triggered broad-based selling. 

BUSINESS

Dollar gains as investors flee risk on escalating Mideast war

Reuters, Published on 23/03/2026

» TOKYO - The US dollar rose on Monday as escalating retaliatory threats in the Middle East ​conflict curbed risk appetite and lifted demand for safe-haven assets.

BUSINESS

Ministry eyes oil excise tax trims

Business, Wichit Chantanusornsiri, Published on 23/03/2026

» The Finance Ministry is weighing the extent of potential oil tax cuts to keep retail fuel prices at a level the economy can absorb, while also avoiding excessive impact on government revenue.

BUSINESS

Baht may fall to 35 per dollar if war persists

Business, Published on 20/03/2026

» The baht is expected to weaken to 34-35 to the US dollar if the Middle East conflict drags on for two months, pushing oil prices above US$100 per barrel, according to Kasikorn Research Center (K-Research).

BUSINESS

Consumer goods prices to rise soon as production costs soar

Business, Published on 20/03/2026

» Major consumer product manufacturers and distributors are warning customers of possible price increases in April due to the Middle East war disrupting the oil supply chain.

THAILAND

Global oil prices may exceed USD 100 soon, cutting Thailand’s 2026 GDP by 0.2–0.7%

Published on 19/03/2026

» KASIKORN RESEARCH CENTER (KResearch) expects the potentially prolonged conflict in the Middle East to keep oil prices above USD 100 per barrel over the coming months. This would put pressure on the Thai economy and push inflation towards the upper bound of the Bank of Thailand’s (BOT) inflation target range.