The global pandemic has revealed weaknesses hidden within Thailand’s tourism strategy for decades. Deserted walking streets and shuttered hotels can be found everywhere today with no sign of recovery in sight, as 80%-90% of tourism-related businesses have closed because of the lack of foreign visitors. This market contributed up to two-thirds of the industry’s total […]
Read MoreState expenditures on infrastructure and capital outlays increased in March due to public works projects around the country, the Department of Budget and Management (DBM) said on Thursday. The DBM’s latest disbursement report showed expenditures up 41.1 percent to P87.8 billion in the third month of 2021 versus P62.2 billion a year ago. It was […]
Read MoreMoody’s Investors Service says Cambodia has responded effectively to the COVID-19 pandemic and expects more policy support in the wake of the Feb. 20 incident. “The government’s proactive management of the coronavirus has been largely effective, at least over the course of 2020,” the U.S. rating agency said in an annual credit analysis released Wednesday. […]
Read MoreThe baht opened at 31.37 to the US dollar on Friday, strengthening slightly from Thursday’s closing rate of 31.45. The Thai currency is likely to move between 31.35 and 31.45 during the day, Krungthai Bank market strategist Poon Panichpibool said. He predicted that the baht would weaken in the short term due to the market […]
Read MoreThe pandemic has changed the way Thais shop. Ipsos market research polled 3,000 people in six Southeast Asian nations and found Thais ranked second, with household spending decreasing 80%, following Indonesia which had the largest drop at 82%. While people from Singapore, Malaysia, Indonesia, the Philippines and Vietnam are confident about the improving economy, Thais […]
Read MoreSINGAPORE – The World Economic Forum ranked Singapore ahead of all Asian countries in its Energy Transition Index (ETI) 2021 that reflects the progress towards a more inclusive, sustainable, affordable and secure energy system. The index that benchmarks 115 countries also assesses their readiness to energy transition and the current performance of energy systems across […]
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