Joint Standing Committee on Commerce, Industry and Banking (JSCCIB) is urging the government to extend its economic stimulus campaigns for 3-6 months to continue ongoing efforts to boost spending. The call is being made as the economy has not fully recovered in the wake of the pandemic. The JSCCIB says the country still needs fiscal-monetary […]
Read MoreThe tourism industry, which accounts for 12% of Thailand’s GDP, is expected to take at least four years to recover to the pre-pandemic levels, says the Finance Ministry. While several financial authorities and think tanks project Thailand’s economy will fully recover over the next two years, the recovery of the domestic tourism sector is anticipated […]
Read MoreThe government looks set to organise as many as 343 marketing activities both in and outside Thailand and accelerate free trade agreement (FTA) talks with several potential partners including the European Union (EU), the UK, the Eurasian Economic Union (EAEU) and the European Free Trade Association (Efta). Commerce Minister Jurin Laksanawisit said on Wednesday the ministry […]
Read MoreReal salary increases provided by multinational companies in Thailand are expected to be among the best in the world in 2021 despite the weak outlook for the economy, according to a survey by ECA International. The survey suggests that local employees of multinational companies in Thailand can expect to see an average real salary increase […]
Read MoreEven if Covid-19 vaccines become widespread, business travel is likely to be changed by the pandemic. Travel budgets have been slashed and some meetings will remain virtual; conferences and conventions may be crimped. But by how much? It matters not only to airlines and their employees but also their customers — travelers. That’s because higher […]
Read MoreGradual and uneven economic recovery could affect financial stability among businesses and households in the period ahead, says the edited minutes of the Bank of Thailand’s Monetary Policy Committee (MPC). Financial positions of business have become more fragile, particularly for tourism-related businesses as economic activities remain much lower than the pre-pandemic level, according to the […]
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Thailand
