PUBLISHED : 4 Oct 2023 at 04:00
The weak baht is benefiting Thailand’s exports and tourism despite its negative impact on the price of imported energy, Prime Minister Srettha Thavisin said yesterday.
He was commenting on the baht’s plunge to an 11-month low against the US dollar at 37.095 earlier yesterday.
The depreciation wasn’t all bad as it is beneficial to the country’s exports and tourism, which normally contribute to 50% and 20% of gross domestic product (GDP), respectively, said Mr Srettha, who is also the finance minister.
At the moment, there is no need for the government to intervene…
