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Thailand Delays Retirement Age Plan, Looks Into Introducing Covid-19 Vaccine Passport


USD/THB holds a tight range, consolidates after yesterday's rally, which occurred as local bonds saw the biggest outflow since Dec. The rate last changes hands at THB30.280, little changed on the day.

  • The Thai cabinet voted to delay a plan to extend retirement age for gov't employees by three years, but the gov't spokeswoman noted that the plan will likely be reviewed again once matters surrounding the Covid-19 pandemic are addressed.
  • PM Prayuth said that he ordered the Foreign Ministry to look into the possibility of adopting Covid-19 vaccine passports.
  • Thai Airways International submitted its business rehabilitation plan yesterday, noting that it plans to raise ~THB50bn over the next two years.
  • Bulls look for a jump above the 100-DMA at THB30.356, which would clear the way to Mar 1 high of THB30.445. Bears keep an eye on Feb 25 high of THB30.142, a break here would allow them to close the gap opened after the recent long weekend. Below there would expose the 50-DMA at THB30.026.
  • The Federation of Thai Industries, Thai Chamber of Commerce and Thai Bankers Association hold a briefing to discuss the economy at 11:30 local time.
  • Thai Consumer Confidence comes out tomorrow, with local CPI & foreign reserves data due to follow on Friday.

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