Outbound operators hope to restart packages with a small number at the end of this year, while presenting premium domestic packages as options for those with less confidence in the tourism industry. Suthiphong Pheunphiphop, president of the Thai Travel Agents Association (TTAA), said operators are waiting for more updates on concrete plans from the government […]
Read MoreThe Finance Ministry has cut its economic forecast for 2021 to 2.8% from the 4.5% expected in October, factoring in the resurgence of Covid-19 and fresh government stimulus measures. Thursday’s downgrade follows similar recent warnings that Thailand faces downside risks. Earlier this month, the central bank signalled its own 3.2% GDP growth forecast for the […]
Read MoreBEER and liquor giant Thai Beverage Public Co (ThaiBev)’s brewery unit is heading for a listing on the Singapore Exchange (SGX), Bloomberg reported. The report cited sources with knowledge of the matter that the company is seeking a valuation of about US$10 billion for the unit, with the listing possibly taking place as soon as […]
Read MoreSeveral local residents and tourism operators surveyed want Thailand to reopen borders to international tourists with a 14-day quarantine still in place, according to the Tourism Council of Thailand (TCT). A survey conducted by TCT found 60% of locals and 50% of tourism operators agree with the idea, said Chamnan Srisawat, TCT’s president. A mandatory […]
Read MoreA renewal of the reduced property tax measures for another year can help boost housing demand and purchasing power, says a property consultancy, even as the cut in transfer and mortgage fees remains capped at 3 million baht a unit. Phattarachai Taweewong, director of research and communications at Colliers International Thailand, said the measures help […]
Read MoreThe Commerce Ministry has adjusted the base year in calculating the consumer price index (CPI), a gauge of headline inflation, starting with January’s figures to keep pace with changing social and economic conditions. According to Pimchanok Pitfield, director-general of the Trade Policy and Strategy Office under the Commerce Ministry, the ministry will start applying 2019 […]
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