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Thailand: Surat Thani targets Mice for recovery

Surat Thani is gearing up for business travel, hoping to lure Mice (meetings, incentives, conventions and exhibitions) visitors as it looks to recover from the pandemic. Thailand Convention and Exhibition Bureau (TCEB) president Chiruit Isarangkun Na Ayuthaya said the province is a unique tourism location with the infrastructure to serve as a Mice destination. TCEB […]

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Thailand: BoT allays deposit run concern

The central bank insists it is not worried about a possible deposit run after pro-democracy demonstrators called for a boycott of a commercial bank. Given the existing surplus liquidity of the banking industry, there has not been significant withdrawals in the banking sector, said Tharith Panpiemras, senior director of banking supervision and risk assessment at […]

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Thailand: Treasury tweaking SEZ perks for companies

The Treasury Department is preparing to adjust investment privileges given to private investors in the department’s special economic zones (SEZs), aligning them with the incentives for the Eastern Economic Corridor. Adjusting the investment privileges is meant to attract investors who want to invest and develop land in the SEZs, which are located close to the […]

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Thailand sees economy shrinking less than forecast

BANGKOK: Thailand may avoid its worst-ever economic performance by boosting cash handouts to pandemic-hit citizens and accelerating government spending in the final quarter, according to Deputy Prime Minister Supattanapong Punmeechaow. South-East Asia’s second-largest economy may shrink less than 7.5% this year with the help of various stimulus measures and barring a major second wave of […]

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