The ongoing outbreak is ruining any hopes for high-season tourism, with operators urging the government to subsidise 50% of monthly salaries to help employees in the industry. “The latest surge halted tourism demand during the high season in Chiang Mai, following good numbers in November,” said La-Iad Bungsrithong, president of the Thai Hotels Association’s northern […]
Read MoreThe central banks of Thailand and China have renewed a baht-yuan bilateral currency swap arrangement for five years to support trade and investment in the local currencies, the Bank of Thailand said on Friday. The Bilateral Swap Arrangement allows for the exchange of local currencies up to 70 billion yuan ($10.83 billion) or 370 billion […]
Read MoreConsumer sentiment dropped for the first time in three months in December as people grew concerned about a surge in Covid-19 infections in the country. The University of the Thai Chamber of Commerce (UTCC) reported yesterday the consumer confidence index fell to 50.1 in December from 52.4 in November, following readings of 50.9 for October, […]
Read MoreThe Finance Ministry is considering extending reduced liability for the land and building tax by another year to lower taxpayers’ financial burdens. The ministry’s decision to reduce eligible taxpayers’ liability for the land and building tax by 90% in 2020 followed the pandemic sweeping the globe, causing higher unemployment and GDP contractions. The relief has […]
Read MoreThe economy could lose as much as 300 billion baht in the first quarter after its largest coronavirus outbreak saw consumer mood sink to a five-month low in December, according to the University of the Thai Chamber of Commerce. The consumer confidence index dropped for the first time in three months to 50.1 in December, […]
Read MoreThailand’s food exports are expected to manage growth of 2-3% this year despite a fresh surge of infections and reports of growing cases among workers in the food industry. Visit Limlurcha, president of the Thai Food Processors Association, said food export prospects remain promising and are expected to fetch 1.1 trillion baht this year from […]
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