The Labour Ministry has resumed services nationwide by adopting social-distancing measures in order to complete the legalisation process for migrant labourers who registered online by March 30. Employment Department chief, Suchart Pornchaiwisetkul, said foreign workers from Myanmar, Cambodia and Laos who registered online by March 30 must complete the remaining work permit renewal steps. They […]
Read MoreHotels in Bangkok face low occupancy rates as the borders remain closed to international tourists, says Minor Hotels, the hospitality arm of Minor International. Thomas Meier, senior vice-president for Asian hotel operations, said some of the group’s hotels in Bangkok have delayed the reopening process for 1-2 months as they wait for travel bubbles to […]
Read MoreThailand’s economic activity may not return to levels seen before the Covid-19 pandemic until 2022, but the country’s record-low policy interest rate of 0.50% is unlikely to go to zero percent, the central bank said on Tuesday. The Bank of Thailand (BoT) has forecast the trade-and-tourism driven economy will shrink by a record 8.1% this […]
Read MoreTHAILAND’S growth may have reached a trough in the second quarter of 2020, but the recovery is likely to be drawn out, with weak tourism and demand, said DBS Group Research economist Radhika Rao in a July 13 report. DBS has lowered its forecast to a 7.5 per cent contraction in 2020, before a recovery […]
Read MoreBangkok Bank (BBL) is conducting a feasibility study on applying the retail business model of its Indonesian subsidiary PT Bank Permata to the bank’s international network. The strong digital banking platform of Permata could open more opportunities in retail banking business for BBL in the regional market, said BBL’s executive vice-president Suwatchai Songwanich. BBL, Thailand’s […]
Read MoreIf the country does not let foreign tourists in by the end of the year, some 60% of hospitality enterprises are at risk of going out of business, according to the Tourism and Sports Ministry. “People will be safe from the virus as borders remain closed, but wounds from the economic fallout might be deeper and […]
Read More
Thailand
