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…

Phase 3 easing generated 200 billion baht into Thai economy

Phase 3 easing generated 200 billion baht into Thai economy

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…

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Thai government to postpone tax increase on cheap cigarettes

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…

Huge Nike flagship store opens in Bangkok’s Siam Center

Huge Nike flagship store opens in Bangkok’s Siam Center A massive Nike flagship store is now open in Bangkok’s Siam Center, with a ‘footprint’ spanning more than 836 square metres of prime retail space in the capital. Intended to showcase Nike’s innovation across multiple product categories, the store offers the brand’s first “Nike By You”…

Thailand passes record Bt1.9-trillion stimulus package

Thailand passes record Bt1.9-trillion stimulus package

Thailand passes record Bt1.9-trillion stimulus package The Thai Parliament approved three key emergency decrees providing Bt1.9-trillion aid package to businesses and people hit by the Covid-19 fallout Thailand’s parliament approved a 1.9 trillion baht (US$59.7 billion) stimulus package, the kingdom’s biggest-ever cash injection, as Southeast Asia’s second-biggest economy is expected to contract by 6 to…

Asia Pacific’s passenger traffic drops 98,8% in April

Asia Pacific’s passenger traffic drops 98,8% in April

Asia Pacific’s passenger traffic drops 98,8% in April Preliminary April 2020 traffic figures released today by the Association of Asia Pacific Airlines (AAPA) showed that international air passenger traffic was almost brought to a standstill in April. Preliminary April 2020 traffic figures released today by the Association of Asia Pacific Airlines (AAPA) showed that international…

Thai economy to return to normal in three years

Thai economy to return to normal in three years

Thai economy to return to normal in three years The Thailand Development Research Institute (TDRI) has forcast that Thailand is likely to take up to three years to return to normal economic conditions similar to 2019. Bangkok (VNA) – The Thailand Development Research Institute (TDRI) has forecast that Thailand is likely to take up to three years to…