Tourism operators in flood-hit provinces are urging the government to help resolve the flooding before the domestic subsidy campaigns start next month. Wiwat Tharawiwat, president of the Thai Hotels Association’s lower northern chapter, said prior to the flooding, the occupancy rate for 150 hotels in Sukhothai was in the single digits because of travel restrictions […]
Read MoreThe government is preparing to roll out various projects to drive the economy based on its Thailand 4.0 policy, aiming to cooperate with the private sector to grow startups to reach the unicorn level, says Chaiwut Thanakamanusorn, the digital economy and society minister. He was speaking during the final round of ‘Spark Ignite 2021 – […]
Read MoreThe Bank of Thailand (BOT) announced on Wednesday that it had maintained its estimation of gross domestic product (GDP) in 2021 at 0.7 per cent expansion, but increased its forecast of 2022 GDP to 3.9 per cent from its August estimation of 3.7 per cent. The expansion of Thailand’s economy has been slowed down by […]
Read MoreThe baht opened at 33.94 to the US dollar on Thursday, weakening from Wednesday’s closing rate of 33.86. The Thai currency is likely to move between 33.85 and 34.05 during the day, Krungthai Bank market strategist Poon Panichpibool predicted. Poon said the baht would not strengthen in the short term as there are risk factors, […]
Read More[BANGKOK] Thailand’s central bank held its key interest rate unchanged as the country’s Covid-19 outbreak eases, allowing the government to loosen movement restrictions to boost local demand and tourism. The Bank of Thailand’s rate setting committee voted unanimously on Wednesday to hold the one-day repurchase rate at a record-low 0.5 per cent for an 11th […]
Read MoreThe travel industry looks set to lose another high season after the latest tourism confidence index hit an all-time low, despite Thailand’s reopening plans and domestic stimulus campaigns. According to the Tourism Council of Thailand (TCT)’s quarterly survey, the tourism confidence index in the third quarter hit a historic low of 7 out of 200. […]
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