The tourism index plunged for two consecutive quarters, with 10% of operators already throwing in the towel and 537,280 employees laid off. The third-quarter index, which polled 700 local operators nationwide during Aug 15-30, climbed to 60 after bottoming out at 12 in the second quarter. The index’s reading was 100 in the second quarter […]
Read MorePETALING JAYA: The banking industry has received about 500,000 applications for repayment assistance and approved 98% of them, Bank Negara said. Individual banks, it said, have directly engaged over two million borrowers through calls, emails and SMS to offer repayment assistance in view of the end of the automatic moratorium today (Sept 30). “For applications […]
Read MoreThailand is expected to have 50,000 foreign tourists in the fourth quarter of 2020, down 99.5% from a year earlier, an industry body said on Wednesday, as the country tries to support its battered economy by gradually reopening to visitors. Foreign tourist receipts are seen at 4.5 billion baht in the quarter, down 99% year-on-year, […]
Read MoreThailand is set to welcome the first batch of foreign tourists in six months, but the government is unlikely to fully throw open beaches and national parks to overseas visitors until a vaccine against the coronavirus is widely available. Authorities will probably allow the entry of only a limited number of foreign visitors for a […]
Read MoreThailand recorded a current account surplus of $3.0 billion in August after a surplus of $1.79 billion in the previous month, the Bank of Thailand (BoT) said on Wednesday. Exports, a key driver of growth, declined 8.2% in August from a year earlier after July’s 11.9% drop. The economy in August performed better than July […]
Read MoreThailand’s economy could contract by as much as 10.4% this year as trade and tourism are severely dampened by Covid-19, with the ongoing drought and floods adding to the woes, says the World Bank. The dismal figure is a projection of the worst-case scenario, and it will take at least three years for the country’s […]
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