Thailand’s GDP contraction moderates to 6.4% in Q3 Worst days of COVID-19 are already past, economic planning agency insists BANGKOK — Thailand’s economic contraction slowed in the third quarter as exports and domestic tourism started picking up from the pandemic-induced slump, the kingdom’s economic planning agency said Monday. Gross domestic product shrank 6.4% on the…
CECI network: shaping Thai construction industry With Circular Economy Pushing Green & Clean construction for better environment While the globe is facing crises from multiple directions, including a pandemic, recession, and environmental issues, the Thai construction industry is regarded as a high natural resources consumption business, producing waste that is hard to manage. As such,…
Foreign investors and businesspeople seek clarity about the current “situation” in Thailand With Thailand battling to come up with a safe and sustainable manner of re-opening its borders, and the footage of the street protests reaching out to a world audience, foreign investors are saying they need more details of what they can or cannot…
Thailand creates new economic centre to recover COVID-19-hit economy The Thai cabinet on August 13 agreed to establish a centre to address the economic situation heavily battered by the COVID-19 outbreak. Bangkok (VNA) – The Thai cabinet on August 13 agreed to establish a centre to address the economic situation heavily battered by the COVID-19 outbreak. The economic…
Hotel bookings bounce back for long weekend holiday The long holiday weekend is reportedly seeing heavy bookings at hotels and resorts, reigniting hopes of a revival of domestic tourism, which has been battered for months by the Covid-19 outbreak. Accommodations in the southern provinces in particular have been receiving a good rate of bookings with holidaymakers for…
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…
Prison skill centres proposed to help former inmates find jobs Finding a job can be difficult for someone who has just been released from prison. The Thai government wants to change that. They plan to build skill development centres for inmates and provide tax breaks for companies hiring ex-convicts. Minister of Justice Somsak Thepsutin spoke…
Central buys Family Mart Thailand Shopping centre operator Central Retail Corporation has bought 100% of Family Mart, one of Thailand’s major convenience store chains, as it “moves forward to develop a new business model to cater to modern consumers”. CRC’s chief executive officer says the acquisition will strengthen Central’s hold on the food market and…
Standard Chartered Bank forecasts 2 year economic recovery for Thailand Standard Chartered Bank says that it remains conservative on Thailand’s economic outlook, even though signs are emerging with the possibility of a further policy rate cut to below 0.25%. Their latest report forecasts a return to pre-Covid levels could take more than 2 years depending…
Thai economy could take more than 2 years to recover: Standard Chartered Standard Chartered Bank today (May 28) said it remains conservative on Thailand’s economic outlook, even as positive signs emerge with the possibility of a further policy rate cut to below 0.25 per cent. The return to pre-Covid levels of economic activity could take…