Thailand will reopen border speedboat terminals, closed for over three months due to the Covid-19 outbreak on July 6, to ease commodity flow at Myawady, Myanmar’s busiest border trade town, according to a meeting held in Mae Sot by Tak Province administrative officials. Tak Province Governor Orassit Samphantharat said 33 cross-border jetties would reopen to […]
Read MoreThe Finance Ministry is poised to launch a fresh package to encourage domestic travel on weekdays, aiming to boost the country’s GDP by 0.2-0.3 percentage points. The Fiscal Policy Office (FPO) is sorting out measures to prod people to travel more on weekdays to comply with Deputy Prime Minister Somkid Jatusripitak’s policy to add value […]
Read MoreLand sales at 61 industrial estates nationwide saw a year-on-year decline of 3.9% during the past nine months, mainly due to difficulties foreign investors face entering the country and an economic slowdown amid the pandemic, says the Industrial Estate Authority of Thailand (IEAT). Land sales in the period of October 2019 to June 2020 fell to […]
Read MoreThailand has more than enough medical face masks after several factories were set up, a trade official says. Whichai Phochanakij, director-general of the Internal Trade Department under the Commerce Ministry, said Thailand has a surplus of medical face masks of 1.2 million pieces a day, with total production in the country of 4.2 million pieces […]
Read MoreA new forecast by the Tourism Authority of Thailand (TAT) says the number of foreign tourists this year may plunge 80% to 8.2 million as revenue slides to 396 billion baht, with international air traffic regaining just 10% of the pre-pandemic schedule. The latest forecast issued on July 1 is based on the current situation […]
Read MoreThai shippers have downgraded the country’s export outlook to a 10% contraction, deeper than the previous forecast of an 8% drop, with the finger pointed at the coronavirus crisis and the strong baht. Ghanyapad Tantipipatpong, chairwoman of the Thai National Shippers’ Council, said weakening purchasing power and the ailing economies of key trading partners were […]
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