The hotel and retail sectors should prepare for stringent cost-cutting and find alternative income sources for as long as there is no coronavirus vaccine, as it will take two years for businesses to resume as usual, according to property consultant JLL Thailand. JLL managing director Suphin Mechuchep said the hotel sector has borne the brunt […]
Read MoreState-owned Thai Credit Guarantee Corporation (TCG) saw the ratio of loan guarantees for small and medium-sized enterprises (SMEs) rise by 167% year-on-year during the first seven months. The ratio was equivalent to a loan guarantee value of 115 billion baht, said Rak Vorrakitpokatorn, TCG’s president. In addition to high loan guarantees for SMEs, the number […]
Read MoreThe government will introduce more stimulus measures to revive the economy hit by Covid-19 and restore investor confidence, Deputy Prime Minister Supattanapong Punmeechaow said on Wednesday. He said the additional measures are aimed at boosting domestic tourism and consumption as well as creating an estimated one million jobs for new graduates and unemployed workers, Mr […]
Read MoreMedia spending plummeted 20.9% in the first seven months this year because of the pandemic and is expected to fall to a two-decade low of almost 72 billion baht this year, according to Media Intelligence (MI), a media planning and creative agency. The spending plunged to 40.7 billion baht between January and July, compared with […]
Read MoreThe Thai economy is set for a challenging recovery, as the disruption to exports proves a drag on headline growth. In the second quarter, real GDP growth contracted by 12.2%, from a revised contraction of 1.9% in the first quarter, resulting in a 7.1% drop in first-half GDP. Lockdown measures in force throughout most of […]
Read MoreTHAILAND’S economy did not do as badly as expected in the second quarter, and the worst is likely to be over — though much weakness still lies ahead, said economists after official Q2 figures were released on Aug 17. Gross domestic product (GDP) fell 12.2 per cent year on year in Q2, slightly better than […]
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