“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…
The China Bounce – are the Chinese packing their bags ready to come back to Thailand? The results of a comprehensive new survey of consumers in Mainland China’s first tier cities concludes that 53% of respondents would like to travel internationally sometime this year. Citing the opportunity, the most popular months for trips abroad for…
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…
NBTC seeks to reduce mobile bills by 30% Hopefully for both prepaid and postpaid subscribers. The National Broadcasting and Telecommunications Commission has been meeting with Thailand’s telecom operators in an effort to lower mobile phone service fees for users. The NBTC say the fee reduction proposal is for both prepaid and postpaid subscribers and seeks to…
IMF sees Thailand’s growth down 6.7 percent in 2020 The impact of the coronavirus on the Asia Pacific region will be severe and unprecedented says IMF, and Thailand could stand as the worst performer with a 6.7% GDP drop. Covid-19 crisis could be worse than the Global Financial Crisis, and Asia is not immune, says…
A golden moment for Thailand’s gold sellers The streets of Bangkok’s Chinatown today have been paved with gold… sellers. Today, dozens of Bangkok citizens lined up outside Yaowarat Road gold shops, creating chaos as they tried to sell off their gold ornaments and gold bars after the price gold rose by 550 baht per baht…
Thailand’s export to contract by 7% in 2020 Thailand’s exports could shrink as much as 7% in 2020 showing its worst performance in a decade, or 3.7% if the Covid-19 crisis is contained before September. The Bank of Thailand and the Center for International Trade Studies at the University of the Thai Chamber of Commerce…
Covid-19 to cut Asian growth to 2.2%, Thailand -4.8% (ADB) Restrained largely by slowing exports, Thailand posted paltry growth at 2.4% last year. GDP growth is likely to slow further to –4.8% this year but could pick up to 2.5% in 2021. Regional economic growth in developing Asia will decline sharply in 2020 due to…
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…
BOI Announces Measures to Facilitate Investors Affected by COVID-19 Situation The Thailand Board of Investment (BOI) said in a statement that it remains as committed as ever to serve the needs of investors, and announced practical measures to ensure the continuity of service to support companies The Thailand Board of Investment (BOI) said in a…