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Thailand: Key sectors’ future looks L-shaped

Industries with employees totalling nearly one-third of the Thai workforce are unlikely to recover this year, even as partial lockdown measures are eased, according to TMB Analytics. The industries include hotels, restaurants, aviation, entertainment and recreation, auto and auto parts, property, steel, plastic and rubber, and fashion products. These sectors are expected to see a […]

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Thailand: Private sector hails move to reopen malls

Retailers and the private sector have hailed the government’s decision to allow department stores, malls and other businesses to reopen on Sunday, hoping the move will boost the sentiment and spending of consumers. “This is considered good news after a long two months of waiting,” said Piyawan Leelasompop, executive vice-president for marketing at Central Department […]

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Thailand: Restrictions hit fuel consumption

Daily consumption of fuel in the May 1-11 period fell sharply across all types, mainly attributed to the government lockdown and travel restrictions to curb the spread of the coronavirus, according to a report by the Energy Business Department. Total gasohol and petrol consumption dropped 11.3% to an average of 28 million litres a day […]

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Thailand: Post-lockdown prospects brighten as malls revive

The government has embarked on the next phase of economic reopening with confirmation that shopping malls, department stores and food courts will be among the businesses allowed to resume tomorrow, albeit with public health and safety stipulations. The market has already priced in a partial recovery of economic activity in the second half of 2020; […]

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Thailand: Gartner slashes IT spending forecast

Global research firm Gartner has cut Thailand’s 2020 IT spending forecast to 649 billion baht, a drop of 9.3% from last year, with the biggest fall predicted in the device segment because of the pandemic. The company predicted in January IT spending in Thailand would grow to 752 billion baht in 2020, up 2.45% from […]

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Thailand: Tourism hotspots await hotel investors

The massive blow to the tourism industry caused by the outbreak may offer an opportunity for hotel investors waiting for property sales, but operators in Chiang Mai and Phuket have yet to witness that phenomenon. “Over the past 10 years, hotel trading in Thailand was worth about 125 billion baht, but during 2017-18, the figure […]

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