38.7 C
Bangkok
Friday, May 3, 2024

Foreign funds pile into Thailand as vaccine progress boosts tourism hopes

A handful of Western tourists seen on a beach in Phuket on March 10. The place is usually full of Chinese tourists. Overseas investors are returning to Thai financial markets due to optimism that the government will soon reopen for mass tourism. (Photo: Reuters)

Progress towards a coronavirus vaccine is fuelling optimism Thailand will soon reopen for mass tourism. Overseas investors are already piling into the country’s financial markets.

Inflows into Thai sovereign debt have climbed to the highest in 17 months in November, even though the month is less than half over.

The baht has strengthened almost 3% since the end of October, making it the best-performing currency in Asia after the Indonesian rupiah.

The new Bank of Thailand governor, Sethaput Suthiwart-Narueput, will host his first Monetary Policy…

Read more…

Latest Articles