(Post Today file photo)The private sector has voiced concerns about the stronger baht, which recently hit a 31-month high, saying it could hurt exports and tourism as well as the overall Thai economy. The Thai National Shippers' Council (TNSC) estimates that the stronger baht could cut export revenue by as much as 345 billion baht for 2017. Mr Kalin said a stronger baht would also have a negative impact on tourism, another major facet of GDP, saying a healthy baht makes travelling in Thailand more expensive. The baht has risen 9.9% this year to 32.50 baht per US dollar, hitting a 31-month high. He said the JSCCIB estimates that exports could grow 6% next year, matching the initial forecast of the Commerce Ministry of 5-6%.

Source: Bangkok Post December 06, 2017 21:56 UTC