Despite relatively effective containment of Covid-19, the impact of the pandemic on Thailand’s economy has been more severe than expected and economic recovery remains elusive, with annual GDP poised to shrink by 8%, says the Asian Development Bank (ADB). The latest projection is a big dip from the bank’s April forecast of a 4.8% contraction, according […]
Read MoreReports of Chinese e-commerce giant Alibaba’s move to invest in ride-hailing and delivery player Grab have sparked concerns about market domination by two gigantic players in the Thai market. The move, in the eyes of the industry analysts, could potentially threaten other key e-commerce players, such as Shopee and JD Central, and dominate retail business […]
Read MoreTime spent watching YouTube in Thailand surged more than 20% in the first six months compared with the same period last year, with a considerable rise in time spent watching comedy videos, says YouTube Thailand. According to the giant video platform, owned by US tech titan Google, more than 450 YouTube channels in Thailand now […]
Read MoreThailand cannot expect a big influx of tourists after the government launches a new visa scheme for long-term visitors, says a key trade group. Although the tourism industry is delighted with the first step of reopening the country to international tourists, operators are prepared to see slow demand in the beginning because a 14-day quarantine […]
Read MoreThailand is moving cautiously to reopen its borders with a new plan to allow foreign visitors to stay in the country for 90 days, extendable up to 270 days under a special tourist visa scheme (STV), which is projected to generate 12 billion baht a year. Prime Minister Prayut Chan-o-cha said on Tuesday the cabinet […]
Read MoreThe Bank of Thailand’s Monetary Policy Committee (MPC) is not expected to ease the policy rate for the remainder of this year as more government stimulus measures reduce the likelihood of further rate cuts, says the Thai Bond Market Association (TBMA). The Policy Interest Rate Expectation Index for September was at 50, unchanged from the […]
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