Thai gov’t supports “Tourism Aid” to boost domestic tourism The University of the Thai Chamber of Commerce’s chancellor, said that “Tourism Aid” will stimulate tourist spending by between 30 – 50 billion baht, to the benefit of Thailand’s economy. Bangkok (NNT/VNA) – The University of the Thai Chamber of Commerce’s chancellor, said that “Tourism Aid” will…
ASP: 15% Q2 contraction possible Thailand’s economy could contract by 15% year-on-year in the second quarter from lockdown measures, with rising contagion risk affecting economic activities on the external front, says Asia Plus Securities (ASP). “Second-quarter GDP is likely contract for both quarter-on-quarter and year-on-year figures because of the country’s lockdown measures against the pandemic,”…
AOT considering joint venture with Thai Airways to keep services running The company that runs 6 of Thailand’s airports says it wants to work with Thai Airways to ensure airport services can continue while the national carrier goes through a “rehabilitation” process and struggles with the loss of business caused by the Covid-19 crisis. Airports…
The Impact of COVID-19 on Thailand’s economy Thailand’s economy is expected to be impacted severely by the COVID-19 pandemic, shrinking by at least 5 percent in 2020 and taking more than two years to return to pre-COVID-19 GDP output levels Thailand has been successful in stemming the tide of COVID-19 infections over the last three…
Phuket’s (in)famous “Soi Bangla” district reopens today Today is the official reopening of Phuket’s famous (or infamous) “Soi Bangla” nightlife district, but only about 20% of venues say they’re reopening during this early stage. The Centre for Covid-19 Situation Administration announced yesterday that all night entertainment venues may reopen but must strictly adhere to health…
Thai Airways to shed only 5% of employees, while appointing new president Debt-ridden Thai Airways has confirmed that it will only shed 5% of its 20,000 employees as part of its reorganisation. The former president of the carrier’s labour union says he met with the rehab panel, along with union and airline staff representatives, with…
8.3 million Thai workers will lose employment or income in 2020 says World Bank The World Bank says that as much as 8.3 million workers in Thailand could lose jobs or income from the coronavirus pandemic, bringing the number of economically insecure people to 9.7 million Thailand’s economy is expected to be impacted severely by…
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…