THAILAND faces a shortage of about 500,000 foreign workers in its manufacturing and services sectors to support an economic recovery from the pandemic, with the government having lifted almost all Covid-related travel and business restrictions. A combination of factors including civil strife in Myanmar and virus outbreaks in neighbouring countries has led to fewer-than-expected people […]
Read MoreForeign tourist arrivals could reach 8 million this year after recording higher numbers over the past few months, says the governor of the Bank of Thailand. The number of foreign travellers entering Thailand has risen to around 30,000 per day. If the increase in numbers continues until the end of this year, international tourist arrivals […]
Read MoreDomestic passenger traffic is expected to pick up this month as airlines begin to increase flight frequencies in response to the loosening of travel restrictions, according to the Aeronautical Radio of Thailand (Aerothai) and the International Air Transport Association (Iata). Both organisations noted the pace of recovery is consistent with global trends. According to Aerothai […]
Read MoreThe baht opened at 36.22 to the US dollar on Tuesday, weakening from Monday’s close of 36.18. The currency is expected to move between 36.15 and 36.35 during the day, predicted Krungthai Bank market strategist Poon Panichpibool. Poon said the baht is likely to fluctuate and weaken as the dollar is strengthening and investors are […]
Read MoreHotel operators have voiced mixed feelings over travel sentiment for the two long holidays in July as the spike in Covid-19 infections and oil prices continue to impact tourism. “Overall sentiment for Hua Hin this month is not as good as April, which recorded 90% occupancy, due to many negative factors, especially rising diesel prices […]
Read MoreTHAILAND’S real estate investment trusts (Reits), deemed one of the barometers for South-east Asia’s wider economic performance, are feeling the heat from surging inflation and rate hikes, just as the tourism-dependent nation tries to lure visitors back since it lifted all Covid-19 travel curbs. According to Bloomberg data, there are more than 50 Reits and […]
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