The Phuket News
Window on Phuket Phuket News TV Phuket Live 89.5 Where to Eat
The Phuket News Novosti Phuket Khao Phuket

Login | Create Account | Search

Window on Phuket
Phuket News TV
The Phuket News
Where to Eat
Phuket Live 89.5
Login | Create Account      The Phuket News Novosti Phuket Khao Phuket
Poll | Currency | Weather | Facebook | Youtube | Search
Top 5 Bitcoin YouTube Channels to Follow in 2023
YouTube will continue to play a significant role in informing crypto enthusiasts about Bitcoin. These are the top 5 Bitcoin YouTube Channels to follow in 2023.
Exploring the Unseen Thailand: 5 Offbeat Destinations
Exploring the Unseen Thailand: 5 Offbeat Destinations
Thailand conjures up pictures of exotic islands just by mentioning it. There are also picture-perfect beaches. There are also beautiful blue waves and full moon parties.
Japanese yen poised to post worst year against the dollar since 1970
Japanese yen poised to post worst year against the dollar since 1970
The Thai baht is not alone in sinking against the US dollar.
FBS: Trusted Broker in Thailand
FBS: Trusted Broker in Thailand
In today’s world, trading has only been gaining popularity over the years. There are many reasons for this.
Could a blockchain-based digital government be the future for Singapore?
Blockchain technology, the foundation for most cryptocurrencies, is now being implemented by various industries and institutions. Businesses ranging from public records to real estate, airline companies and cloud storage are incorporating blockchain technology to enhance the transparency and security to cope with today’s emerging digitalization across the globe.
HFM Expands Offering by Adding Physical Stocks
HFM Expands Offering by Adding Physical Stocks
The global multi-asset broker adds commission-free stocks to its product portfolio, empowering investors to expand their investing journey.
Volatile Forex Markets Offer Opportunities for Investors
The international financial community is in a state of massive change, which isn’t necessarily a bad thing. Some believe that a major correction was in the cards, while others prefer the more predictable recent past that was marked by ever-rising securities markets.
Ways Your Enterprise Can Take Advantage of Bitcoin
Bitcoin offers robust opportunities for businesses to increase profitability and improve performance. Here’s how enterprises can leverage Bitcoin.
Different Forms of Forex Trading: Which One is Best for Beginners
Different Forms of Forex Trading: Which One is Best for Beginners
Forex is the world’s largest and most liquid market in the world. The word forex stands for the foreign exchange market (often abbreviated as FX) that provides investors with the opportunity to trade currencies. The foreign exchange market is open 24 hours every weekday and has no physical location.
Ways Bitcoin Can Contribute to Business Growth
Ways Bitcoin Can Contribute to Business Growth
Bitcoin is a sort of money that is not regulated by an administrative organization or central bank.
Increasing Women Participation in Blockchain Sectors
Increasing Women Participation in Blockchain Sectors
The technology and financial industries are famously male-dominated and frequently act as gatekeepers.
Prominent Blockchain Security Issues
Prominent Blockchain Security Issues
Blockchain is a technology that is at the back of cryptocurrencies and can make several services more efficient.
Valve VS Epic Games – The Future of Crypto Gaming
Valve VS Epic Games – The Future of Crypto Gaming
Blockchain technology has started to embed itself in the various mainstream industries of the world. It is termed as the technology that will be our gateway to the future, and perhaps the biggest revolution of the decade. Several businesses and e-commerce elements have been affected by its impact.
MTrading Forex Partnership Program
MTrading Forex Partnership Program
In this article, we will talk about the MTrading Forex Partnership Program to provide you with an overview of the program and the rewards of partnering with MTrading. If you’re still not clear about coming on board the program, you will learn all the details you need to know and boost your confidence.
Visiting Austria From Thailand: What Are the Latest Restrictions?
Visiting Austria From Thailand: What Are the Latest Restrictions?
Austria is updating its rules and restrictions for foreign nationals who wish to visit. Check out this page to find out the latest info about visiting Austria.
Some of the resourceful tips which will take your bitcoin trading experience to new heights
Some of the resourceful tips which will take your bitcoin trading experience to new heights
Bitcoin trading has made many people fulfill their dream of becoming the millionaire. It is why every person thinks that they will quickly make a lot of productive gain from the bitcoins.
Reasons that have frequently convinced people to invest in the top-rated crypto bitcoins
Reasons that have frequently convinced people to invest in the top-rated crypto bitcoins
Are you among the people who have thought various times to invest in bitcoins but changed their mind at the final moment?
Key Questions about Cashless Payments
Key Questions about Cashless Payments
When the economy recovers in the future, contactless transactions are predicted to rise very significantly. Both businesses and consumers are going to trust the overall online processes. Therefore, you need to know some pros and cons of cashless payments.
Thailand Looks to Post-COVID Future With Ambitious Budget Bill
Thailand Looks to Post-COVID Future With Ambitious Budget Bill
  In early 2020, Thailand was in a strong position. The world was on the cusp of a global pandemic that would extend for over a year, but that was still some way off. In the APAC regions, there are several nations that are developing rapidly and attracting significant external investment interest. Thailand laid its claim as one of the emerging forex markets in Asia on the back of a robust Telecommunications and trade-in service industry, that lies at the core of their economic expansion and blossoming industry.  The country was showing promise to investors as far back as July 2018. Three years ago, Thailand possessed $237.5 billion in international reserves alone - second only to Singapore, amongst the Southeast Asian nations. It ranked as the second-largest economy after Indonesia, too. It was for that reason that Bloomberg business news’ investment strategists have adopted a bullish outlook of the Thai economy going into 2021 as likely to exceed expectations, as the global recovery continues to progress.  A combination of a healthy foreign exchange reserve and major potential for inflowing portfolios are seen as foundations pieces of this higher ranking. Additionally, the governmental approach to fiscal recovery, underlined by an ambitious budget bill, narrowly passed at its first reading in June 2021 by 269 votes to 201.   The pandemic’s impact is wide-ranging, and difficult to gauge concisely. However, Thailand’s economy was thought to shrink by approximately 5% in 2020 once the pandemic reached Thai shores. With weakened global export demand, a lack of tourism, and a massive decline in retail sales, the bill is believed to be crucial to the country’s return to normality. Not that it’s all plain sailing from here. The bill will go through second and third readings throughout August before its final, royal approval is earned.  The impact of the bill on the forex market is always complex and closely tied to the specific contents of the bill itself. Casual and retail investors hoping to gain a more comprehensive understanding of forex trading are highly recommended to seek out detailed guidance, as the forex market is a complex and fast-paced environment that always carries a level of unpredictability. However, Thailand’s ambitious plans are likely to support the value of the Baht against other major currencies like the Dollar and Euro, due in no small part to the progressive rejuvenation of the nation’s infrastructure and workforce that are tied to the Thai Government’s COVID recovery plan.  The bill is part of a wider strategy in Thailand to stimulate a faster and sustainable recovery from the general malaise of the health crisis. Tax relief, infrastructure projects, debt restructuring, skilled training programs, and direct cash injections have all been leveraged as means of lifting Thailand out of the global recession.  The nature of forex has always been about timing, and one of the greatest challenges created by the pandemic for forex traders was the lack of clarity about its timespan and severity. Therefore, Thailand’s budget bill marks a positive turning point in many ways. It’s a strong indication of a recovery strategy that could make the Baht much stronger as a currency of a nation that has invested heavily in internal industry and economic stimulation to ease out of a long lockdown. Forex traders who were tracking the Baht before 2020 will likely have increased interest in its future performance, as the EIC has predicted that the baht will remain strong until the end of 2021. However, the looming possibilities of future spikes in cases can never be underestimated. In the grand scheme of things, the value of the baht pales in comparison if the pandemic were to have a third or fourth wave. But the agreement between all, forex traders or otherwise, is the sooner things return to a form of normality, the better. 
A Look at Thailand’s Trade Agreement with Mongolia
A Look at Thailand’s Trade Agreement with Mongolia
Recent reports have confirmed the intention of the authorities in Thailand to increase the amount of trade carried out with Mongolia. This is part of a long-term plan for bilateral trade between the countries to reach as high as US$100 million (3.1 billion baht) in the next couple of years. Full Details of the Meeting This information was released following a meeting between Thailand’s Commerce Minister Jurin Laksanawisit and Tumur Amarsanaa, who is the Mongolian ambassador to Thailand. Both sides are keen to find new ways to boost trade between them and increase economic relations. This was the first time that a Thai commerce minister had got involved in discussions like this with a Mongolian ambassador since the opening of the Mongolian embassy in Bangkok back in 2000. It forms part of a five-year cooperation plan that began in 2019 and runs up to 2023. The overall idea is to increase the level of cooperation, investment, and bilateral trade between the two countries.  What Products Could Be Traded More? Among the products expected to be exported to Mongolia are rice and rubber, with Thailand the world’s biggest exporter of the latter in 2019. The amount of quality, safe food produced in Thailand means that Mongolia could become an important market. It is also hoped that medical tourism in Thailand becomes more popular among Mongolians thanks to this agreement. Some of the other products that Thailand could send to Mongolia include paper and automotive products. From Mongolia, Thailand could import the likes of animals, textiles, and metal ores. The annual average trade value between Thailand and Mongolia over the past five years is $49.8 million. At the moment, Mongolia sits in sixth place in terms of Thailand’s more important trading partners in East Asia. On a global basis, it is way down in 126th place, though. Looking back over the last five years, the average figure for annual trade between the countries is just under $50 million, and in 2020 it was less than $37 million.  How This Could Affect the National Currencies and Commodity Prices? Ideally, this new plan for economic cooperation will help both countries to prosper. One of the effects that trade deals like this can have is on the national currency. The right balance of imports and exports helps any country to maintain a strong currency, while too many imports can lead to it being devalued. Changes like this can be interesting to traders who carry out CFD trading on different commodities or currencies. This type of investment means speculating on future prices without actually buying the asset. In this way, traders use leverage to potentially earn profits even on relatively small price changes.  When natural resources such as food and minerals become more in demand due to new or growing markets, this can lead to their price increasing accordingly. The Mongolian market perhaps isn’t big enough to make a significant impact on the baht or on Thailand’s main exports, but it is certainly worth keeping an eye on new markets like opening up.  All of this means that the new trade approach between Thailand and Mongolia could be of benefit to a wide range of people, from business owners to consumers and traders.