The government plans to create so-called “travel bubbles” through bilateral agreements designed to keep the novel coronavirus in check when Thailand’s borders are reopened. “Once the situation improves, we’ll allow travel between countries that we have an agreement with,” Prime Minister Prayut Chan-o-cha said in a briefing in Bangkok last week, adding no such pacts […]
Read MoreCompetition in food delivery apps is expected to intensify as a series of newcomers jump into the 35-billion-baht market, with some aiming to leverage customer insights for their other businesses. GrabFood, Get, Line Man and Foodpanda are the major food ordering apps in the Thai market. More competitors have entered the segment, including Siam Commercial […]
Read MoreThe World Bank has slashed Thailand’s GDP outlook for 2020 to a 5% contraction, a drastic cut from 2.7% growth projected previously, as supply chain disruptions and lockdown measures from the coronavirus crisis have triggered an economic downturn. “Factory closures and the disruption of the production of intermediate inputs have had a negative impact on […]
Read MoreThe cabinet has approved a draft bill requiring foreign digital service providers to pay a value-added tax (VAT), making Thailand the latest country in Southeast Asia to seek to boost tax revenue from international technology companies. Last month, Indonesia passed a law requiring big internet companies to pay VAT on sales of digital products and […]
Read MoreCentral Village and its 130 stores are launching a major sales event to encourage Thais to shop domestically, with discounts of up to 90%, while promoting the outlet mall concept, a relatively new retail option in Thailand. The mall, operated by Central Pattana Plc, is targeting millennials through an omni-channel retail strategy that includes marketing […]
Read MoreThe residential market in northern provinces will slump further this year as the coronavirus hits key economic drivers and banks impose stricter rules on home loans, according to local developers. Prat Wongwan, president of the Chiang Mai Real Estate Association, said the economic slowdown and lower confidence among homebuyers will lead to a continued drop […]
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Thailand
