Tourism sector prepares to resume business Businesses that have been battered by the Covid-19 outbreak, especially those in the Eastern Economic Corridor (straddling Chonburi, Rayong, and Chachoengsao provinces) that rely mainly on tourism, are in desperate need of support. But the vice chairman of the Thai Chamber of Commerce says it’s still too early to predict when…
Business winners and losers, and the lumpy recovery As we slowly start to emerge from enforced lockdowns, how have things changed? There have been early ‘winners and losers’ but the profound changes to our lives will now start to morph into lingering economic hardships and unpredictable business outcomes. Different countries are going to restart their…
“Thai Airways will survive”. Emergency meeting next Wednesday. “Thai Airways will not collapse. The fact that Deputy PM Somkid stepped in to handle the issue means the government will rescue it.” It’s no secret that Thailand’s national carrier has been a financial basket case for over a decade, bleeding money and marketshare as the years…
Back to business – time for Thailand’s tourist industry to get ready OPINION by Bill Barnett from c9hotelworks.com Tourism is a vital part of Thailand’s economy. And as the country emerges into the post-Covid world, getting tourists back to the country will be an essential springboard to the rest of the Thai economy. None of that…
Thailand’s food delivery services are booming Whilst most businesses have been turned upside down by the disruptions caused by the Thai government’s reaction to Covid-19, along with enforced closures, at least one business is booming at this crazy time. With restaurants closed to sit-down customers, the delivery services are providing a valuable service getting food…
Two out of three CEOs say the 2020 Thai economy will not improve – Survey Many CEOs, based in Thailand, don’t expect Thailand’s economy to improve during 2020. Many surveyed cited global economic uncertainties, according to the “CEO Survey” of 100 individuals. The survey was conducted by Krungthep Thurakit newspaper a month ago. Around 68.4%…
Thailand’s FDI applications up 69% in the first nine months of 2019 The total value of FDI applications received by the BOI in the nine months to September increased 69% from the year earlier period, to a total value of 203.37 billion baht, according to the latest data from the BOI Thailand continued to attract rising…
Thailand edges up 6 spots in World Bank’s Ease of Doing Business 2020 Thailand’s ranking in the World Bank’s Ease of Doing Business 2020 list has edged up 6 places, from 27th to 21st this year from 190 countries surveyed The World Bank ranked Singapore second and Malaysia 12th in Doing Business 2020 report. In…
Samsung Electronics flags 56% fall in third quarter profits Samsung took advantage of the US trade ban against Chinese rival Huawei.” PHOTO: CNBC Samsung Electronics says it expects operating profits to drop more than 50% in Q3 amid a continued slump in the global chip market. Operating profits for July to September was expected to…
Large Thai business feeling the effects of US-China trade war, rise of the baht So what do Thailand’s big banks say? The ongoing US-China trade war and the appreciation of the Thai baht against other currencies is now starting to impact larger corporates in Thailand. Wasin Saiyawan, senior executive vice president and chief of wholesale…