The private sector in Phuket has welcomed the government’s reopening plan to allow vaccinated foreign tourists to visit the resort island from July 1 which is expected to pull in more than 84 billion baht. In July, Phuket will be the first province to waive the quarantine requirement for foreign visitors who have been vaccinated […]
Read MoreThailand’s economy is expected to grow 3.4% this year, down from the 4% projected earlier, and the recovery would be gradual amid high uncertainties and weak tourism, the World Bank said on Friday. Thailand’s tourism-reliant economy shrank 6.1% last year, its deepest slump in over two decades, with tourism battered by the impact of the […]
Read MoreSiam Commercial Bank Plc, the country’s third-largest bank by assets, on Friday announced a joint venture with Indonesian startup Traveloka to offer financial services and products to Thai customers. The new joint venture, TREX Ventures, will combine Traveloka’s understanding of user behaviour and tap into SCB’s 16 million customers, Pitiporn Phanaphat, the chief financial officer […]
Read MoreThailand has the potential to become a key logistics hub in the Greater Mekong Subregion (GMS) through its Eastern Economic Corridor (EEC), a forum was told. “When we work together to fulfill the potential of the EEC, Thailand and the GMS can become a powerhouse across the world,” said Narongchai Akrasanee, steering committee chairman of […]
Read MoreOverall Thai exports in February contracted by 2.59% to US$20.2 billion year-on-year, attributed to a drop in industrial products and gold shipments, but officials believe the country will enjoy a gradual recovery starting next month. “The February figures were satisfactory,” said Phusit Ratanakul Sereroengrit, director-general of the Trade Policy and Strategy Office, adding the value […]
Read MoreEight tourism-related associations are calling for a concrete vaccination plan and a commitment to expedite the reopening process on July 1 for a quick economic recovery. The tourism organisations submitted the requests to the Tourism and Sports Ministry to allocate Covid-19 vaccines for at least 70% of residents in Phuket or Koh Samui from April […]
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