Thailand may not see bright export prospects in the third and fourth quarters this year if high ocean freight rates and container shortages remain, says the Federation of Thai Industries (FTI). Its warning came after the Thai National Shippers’ Council said earlier this month that the country’s exports could rise by 10%-15% in 2021, driven […]
Read MoreCeiling interest rates of consumer loan products, which are currently over 20% per year, are expected to be reduced by at least 1-2%, following calls by the government for the Bank of Thailand (BoT) to review interest rates for credit cards and personal loans to tackle household debt. An executive of a financial institution, who […]
Read MoreAirports of Thailand (AoT) is welcoming the country’s planned reopening to foreign visitors as airlines and other businesses have been struggling due to the Covid-19 pandemic, though it said arrivals won’t pick up until October. AoT president, Nitinai Sirismatthakarn, said on Monday the launch of the tourism “Sandbox” programme in Phuket next month may not attract […]
Read MoreThe Tourism Authority of Thailand (TAT) aims to offer city bubble and activity-based travel agreement in sandbox areas to ease quarantine requirements in Thailand and the visitor’s home country. “Even though international arrivals can visit sandbox areas with quarantine-free entry, they might face quarantine back home as Thailand is still perceived as high risk,” said […]
Read MoreTwo-thirds of Thai consumers are not satisfied with generic credit offers from their banks, according to a survey by the US-based data analytics company Fico. Similar responses across the Asia-Pacific region demonstrate the growing indifference to standardised financing solutions, said Fico, which pioneered credit scoring more than 60 years ago. There was broad discontent among […]
Read MoreRestaurant operators have reiterated their calls for the government to provide relief, noting they have yet to receive any state aid via measures despite the launch of several schemes recently, including the popular Khon La Khrueng (half-half) co-payment subsidy. Thai Restaurant Association president Taniwan Koonmongkon said only street food stalls are eligible for the government’s […]
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Thailand
