Thailand can expect another wave of business closures in the second half of 2020 as the economic consequences of the pandemic, lockdown and withdrawal of tourists reverberate nationwide, says the Employers’ Confederation of Thai Trade and Industry (EconThai). The group bases its prediction on weak individual purchasing power, a global economic slowdown dealing a blow […]
Read MoreProperty owners will no longer be required to report the presence of foreign tenants in their properties as often as they do now, starting from Tuesday. Section 38 of the Immigration Act requires that property or hotel owners who take in foreigners as guests notify officials within 24 hours. The Immigration Bureau has changed the […]
Read MoreThailand may have to allow new infections to occur in the kingdom if it wants the economy to get back on track, a health official said on Thursday. Supakit Sirilak, deputy permanent secretary for public health, said the kingdom has gone 31 days without recording new local transmissions. He said the country may have to […]
Read MoreThe completion of M&A deals with Thai investors has been followed by a succession of tough days in Vietnam, reported Nhip Cau Dau Tu. Big C Mien Dong Supermarket in HCM City, one of the oldest branches of the retail chain in Vietnam, has announced closure after failure in negotiating the rent with the landlord. […]
Read MoreBANGKOK (BLOOMBERG) – Thailand’s exports dropped 22.5 per cent in May from a year earlier, the biggest decline since 2009, underlining the toll the coronavirus pandemic is taking on the nation’s trade-reliant economy. May’s plunge in shipments exceeded all but one of the 16 projections in a Bloomberg survey, whose median estimate was for a decline of […]
Read MoreThe Designated Areas for Sustainable Tourism Administration (Dasta) aims to push community-based tour packages subsidised by the government for the 1.2 million health volunteers that assisted in fighting the pandemic. The “Moral Support” tourism campaign will provide a 2,000-baht subsidy for two-day, one-night holidays to volunteers as thanks for their hard work in stopping the […]
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Thailand
