The Thai Hotels Association (THA) has called on the government to continue its travel bubble plan with other potential countries besides China, while allocating more financial support to hotels. As Beijing has extended the ban on outbound tour groups and is maintaining 14-day mandatory quarantine for all arrivals, the Thai government should seek other low-risk […]
Read MoreEconomists have slashed their 2020 outlook for the Philippines by more than any other Southeast Asian nation as it struggles with one of the region’s worst coronavirus outbreaks. The forecast for the country’s gross domestic product dropped from a 6.1% expansion at the beginning of the year to an 8.9% contraction, a swing of 15 […]
Read MoreThailand’s economy will take at least two years to recoup the 9% of GDP lost to the pandemic crisis, says Finance Minister Arkhom Termpittayapaisith. The economy would have expanded by around 3% this year if the pandemic crisis did not erupt, said Mr Arkhom. The pandemic crisis will make the economy contract by around 6% […]
Read MoreThe second phase of the co-payment scheme, where the government subsidises 50% of food and goods purchased at small shops, will cover as many people as possible, says a senior Finance Ministry official. Details of the scheme will become clearer in mid-December. The quota of 10 million people was filled during registration for the first […]
Read MoreThai exports saw a wider contraction in October, with the rate dropping by 6.71% from the same month of last year after the registering a drop of 3.9% year-on-year in September. The Commerce Ministry reported on Monday the country’s customs-cleared exports fetched US$19.38 billion in October, with imports shrinking 14.32% to $17.33 billion, resulting in a […]
Read MoreBangkok Bank (BBL) plans to increase its customer base in the upper-income segment for credit card loans next year to beef up risk management against rising bad loans and swelling household debt. The bank aims to shift its focus to new credit card applicants with a monthly income of 25,000-30,000 baht next year, up from […]
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