Hotel investment group launches world’s first “green” hotel fund

Hotel investment group launches world’s first “green” hotel fund Destination Capital, a hotel investment group in Bangkok, has announced that it will launch the world’s first ever “green” hotel fund. The fund will acquire hotels and implement sustainability systems and procedures to promote long term environmental and financial sustainability in investments using the EDGE certification…

Modest rebound ahead, with 3.9% growth in 2021

Modest rebound ahead, with 3.9% growth in 2021 Thai economy showing faint signs of life but revival of tourism will remain the key. Thailand’s economy is set for a modest recovery over the coming years from its recession in 2020. The economy has struggled amid the Covid-19 pandemic as its high reliance on external demand…

S&P keeps BBB+ Thai credit rating

S&P keeps BBB+ Thai credit rating The Finance Ministry is confident the Thai economy will steadily recover after Standard & Poor (S&P) Global Ratings kept the kingdom’s sovereign credit rating at BBB+. Finance Minister Arkhom Termpittayapaisith said S&P not only maintained Thailand’s sovereign credit rating but also rated its economy as having a Stable Outlook.…

bangkok food vendor

CESA okays TAT’s stimulus measures

CESA okays TAT’s stimulus measures The Centre for Economic Situation Administration (CESA) has approved tourism promotion and stimulus measures proposed by the Tourism Authority of Thailand (TAT) to lure back foreign tourists to Thailand. The measures comprise special tour packages and the approval for Thailand Elite Card holders to invest in property and other investments.…

RCEP to lead trade, investment to Thailand: Thai expert

RCEP to lead trade, investment to Thailand: Thai expert BANGKOK, Nov. 18 (Xinhua) — The Regional Comprehensive Economic Partnership (RCEP) trade agreement means a big opportunity for Thailand, leading trade and investment into the country, a Thai expert has said. Wisan Bubpwaet, senior consultant of Thailand Development Research Institute, told Xinhua on Tuesday that RCEP…

Somkid’s departure sees baht drop further

Deputy PM says rise of Thai baht is only temporary

Deputy PM says rise of Thai baht is only temporary Deputy PM Supattanapong Punmeechaow says that, while the Bank of Thailand is monitoring the current appreciation of the Thai baht, he believes the rise is only temporary. He says the appreciation is being driven by foreign investors turning to the markets as they seek to…