The Bank of Thailand (BoT) and the Finance Ministry will soon meet to discuss the baht after it tumbled to the lowest in nearly 16 years, signalling growing concerns among officials that the currency slump can threaten a tepid recovery and stoke inflation.
The suspension of Prime Minister Prayut Chan-o-cha’s powers by the Constitutional Court is seen denting investor confidence at a time the nation has been actively wooing overseas investors, though the direct economic impact is likely to be muted, according to analysts.
Bustling commuters, traffic gridlocks and crowded shopping malls have become more common in the third quarter following the country's reopening in June, fuelling hopes that Thailand is now getting back on its feet.