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Thailand: Economic titans urge passport idea

The Joint Standing Committee on Commerce, Industry and Banking (JSCCIB) urges the government to speed up its decision on adopting a Covid-19 vaccine passport scheme to increase tourist arrivals, despite uncertainty over the effectiveness of such schemes. The group also wants the government to consider making travel bubble agreements with countries that have low or […]

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Thailand: Govt says expected 2.8% growth not satisfactory

Thailand’s economy may grow 2.8% this year but that is still not satisfactory, while fiscal measures will continue to support economic recovery as tourism remains weak, the finance minister said on Wednesday. The economy, which is heavily reliant on tourism and exports, contracted 6.1% last year, its deepest slump in over two decades as the […]

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Thailand: PM takes punt on Songkran

The annual Songkran festival will be allowed to go ahead next month to stimulate tourism and the economy, but celebrations must comply with disease control measures, triggering some health concerns from a senior physician. Prime Minister Prayut Chan-o-cha on Wednesday signalled further easing of travel restrictions to stimulate the economy, saying the Songkran festival could […]

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Thailand: Tax perks and regulation package for FDI ahead

The government is scheduled to unveil fresh tax incentives and relaxed regulations later this month to facilitate the ease of doing business and entice foreign investors who are looking to relocate their production sites to stave off the continued trade spat between the US and China. Deputy Prime Minister Supattanapong Punmeechaow said the fresh investment […]

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Thailand: Prayut orders study into Covid passports

The government will look into the future use of Covid-19 passports, says Prime Minister Prayut Chan-o-cha. On Tuesday, the prime minister ordered the Foreign Ministry to conduct a study into the adoption of Covid-19 vaccine passports, potentially the answer to future travel under the so-called “new normal” that is currently being discussed seriously in other […]

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Thailand: February exports to see uptrend

Exports are expected to continue growing in February driven by the world’s economic recovery ignited by the Covid-19 vaccine distribution, but the stubbornly strong baht remains a key worry, according to a shippers’ organisation. Ghanyapad Tantipipatpong, chairwoman of the Thai National Shippers’ Council (TNSC), said exports, a key driver of the country’s economic growth, could […]

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