Thailand’s hotel industry pushing ahead with recovery Optimism is building in some corners of the hospitality industry as Thailand pushes ahead with it Covid-19 recovery phases. Occupancy rates in at least Bangkok and Phuket are likely to bottom out soon with the lifting of travel restrictions, according to JLL Hotels & Hospitality Group. Thailand’s hotel…
Thailand’s competitiveness ranking dips Thailand has fallen four places to 29th in IMD’s world competitiveness rankings for 2020, weighed down by a decline in rankings for economic performance and government efficiency. Conducted by the Institute for Management Development, the survey analysed global economies and their ability to generate prosperity. All 63 countries were gauged in…
Poll shows flea markets, supermarkets, most popular with Thais as lockdown easing continues “46% of Thais want the Songkran holidays moved to the (western) New Year period.” A new poll shows that most Thais are anxious to return to markets and supermarkets first, as the country continues to relax the restrictions imposed during the Covid-19…
Outrage over 75,000 baht travel allowance for senior execs at Thai Airways The deputy leader of Thailand’s Democrat Party, Samart Ratchapolsitte, has slammed Thai Airways management for granting senior executives a monthly 75,000 baht “travel allowance”. Posting on Facebook, he decries the allowance granted to anyone holding the position of executive vice president at the…
Phase 3 easing generated 200 billion baht into Thai economy Phase 3 of Covid-19 restriction easing, which began June 1, has generated 200 billion baht of additional cash flow into the economy. With many other establishments returning to business as usual tomorrow, the Thai Chamber of Commerce has launched a forum for the brainstorming of ideas on…
CAT, Symphony sign MoU to leverage their telecom strengths State telecom firm CAT has joined hands with Symphony to provide telecommunication networks and services to meet the needs of customers in the digital age. CAT Telecom Pcl has signed a memorandum of understanding in business cooperation with Symphony Communication Pcl to integrate current and future…
SET dips below 1,400 points after gloomy Fed prediction The Stock Exchange of Thailand (SET) Index closed at 1,396.77 today (June 11), down 22.00 points or 1.55 per cent. Total transactions amounted to Bt82.892 billion with an index high of 1,421.51 and a low of 1,384.68 In the morning session, a stock analyst at Krungsri Securities…
Economist predicts economy will shrink 8.9% this year, despite easing of restrictions A leading economist is predicting the Thai economy will contract by 8.9% this year despite the easing of Covid-19 restrictions, far higher than previous estimates from local and international economic pundits. Amonthep Chawla, head of the research office at CIMB Thai Bank says that although…
Thai government to postpone tax increase on cheap cigarettes The Thai government is expected to delay a planned tax increase on cheap cigarettes, as well as agreeing a moratorium on excise duties for entertainment and sporting venues, provided they don’t lay off any staff. Cigarettes costing less than 60 baht a pack were expected to…
Thai government to postpone tax increase on cheap cigarettes The Joint Standing Committee on Commerce, Industry and Banking is proposing that foreign businesspeople be allowed back into Thailand. The president of the Thai Chamber of Commerce says this can be allowed if the government enacts strict measures to contain the spread of Covid-19, including ensuring every…