Border trade activity down 9.7% in first 5 months

Border trade activity down 9.7% in first 5 months Thailand’s cross-border trade fell by 9.7% year-on-year in the first five months of 2020 as the coronavirus ravaged the global economy and led neighbouring countries to close nearly all border checkpoints. The Foreign Trade Department on Thursday said the country’s overall cross-border trade, including transit trade, totalled…

Thai gov’t supports “Tourism Aid” to boost domestic tourism

Thai gov’t supports “Tourism Aid” to boost domestic tourism

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

ASP: 15% Q2 contraction possible

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,”…

Phuket’s (in)famous “Soi Bangla” district reopens today

Phuket’s (in)famous “Soi Bangla” district reopens today

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…

Thailand’s hotel industry pushing ahead with recovery

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…

Facing headwinds in 2019, Thai economy looks better for 2020

Thailand’s competitiveness ranking dips

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…

CAT, Symphony sign MoU to leverage their telecom strengths

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…