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Thailand: Bars push reopening

Operators of night entertainment venues will reiterate their demand for the reopening of their businesses on Thursday, as the Public Health Ministry proposes to designate certain provinces as “green zones” where nightlife activities can resume. Khathawut Thongthai, president of the Association of Entertainment Professionals, said operators of night entertainment venues and related businesses will meet […]

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Thailand: High oil prices hinder airlines’ recovery

Volatile oil prices continue to cast a shadow over any recovery in the aviation sector, even as tourism shows signs of improvement as a result of border entry relaxations during the first quarter this year. “The airline business has grappled with the pandemic for more than two years. Oil prices account for 30% of operational […]

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Thailand: Diesel cap per litre to stay at B32

The government will continue to cap the diesel price at 32 baht a litre thanks to the increased diesel excise tax cut of five baht a litre, says the board of the Oil Fuel Fund. Authorities will spend around two baht of the five-baht reduction supporting the subsidy programme, allowing them to maintain the retail […]

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Thailand: Industrial confidence at five-month low

Thailand’s industries sentiment index dropped to a five-month low in April, hit by higher production costs as Russia’s invasion of Ukraine pushed up the price of energy and raw materials, an industries group said on Wednesday. The Federation of Thai Industries (FTI) said its industries sentiment index fell to 86.2 last month after a rise […]

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Thailand lowers 2022 GDP outlook on Ukraine war, China slowdown

THAILAND’S main economic forecasting agency lowered its growth estimate for this year, and raised its inflation expectations, due to the impacts on the global economy from Russia’s war in Ukraine and a slowdown in China.  The National Economic and Social Development Council (NESDC) said Tuesday (May 17) that it sees gross domestic product (GDP) expanding […]

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