Thailand’s exports may drop by 7% this year, an improvement on the 8-10% drop projected earlier and helped by a gradual recovery in global demand, but a strong baht remains a concern, the Thai shipping association said on Tuesday. “After a positive surprise in September’s shipments, we expect exports to improve further this year,” Ghanyapad […]
Read MoreA current labour shortage in Thailand coupled with the economic fallout of widespread flooding in Cambodia is putting pressure on authorities to reopen borders to migrant workers. The borders between Cambodia and Thailand were shut in March because of concerns that cross-border migration would increase the risk of spreading COVID-19. The World Bank has said […]
Read MoreAsia’s factories, including those in Thailand, pushed ahead gradually in October as managers remained upbeat about recovery prospects and local virus outbreaks become less severe, manufacturing gauges show. South Korea advanced to 51.2 in October from 49.8, and Taiwan stayed particularly strong at 55.1 after September’s 55.2, according to IHS Markit figures released Monday. Thailand […]
Read MoreThe mobile cabinet in Phuket will on Tuesday consider rescue packages for southern businesses severely affected by Covid-19, including soft loans for airlines and other tourism-related companies. Finance Minister Arkhom Termpittayapaisith said the government would ask airlines to limit price increase to help stimulate domestic travel in exchange for soft loans. Airline operators had asked […]
Read MoreAs the economic slowdown and political turmoil are likely to persist, tour operators have found more travellers looking for spiritual tour packages. Thanapol Cheewarattanaporn, president of the Association of Domestic Travel (ADT), said there has been a rise in demand for tour packages focusing on spiritual activities, including trips to famous temples to pray for […]
Read MoreTax revenue from private consumption and personal and corporate income will not reach the levels seen during the pre-pandemic period until a vaccine is successfully developed, says the Revenue Department. Tax revenue in the second quarter of the fiscal 2020 calendar, which started in October 2019, saw a 29% year-on-year decline as strict lockdown measures […]
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