Retailers and the private sector have hailed the government’s decision to allow department stores, malls and other businesses to reopen on Sunday, hoping the move will boost the sentiment and spending of consumers. “This is considered good news after a long two months of waiting,” said Piyawan Leelasompop, executive vice-president for marketing at Central Department […]
Read MoreDaily consumption of fuel in the May 1-11 period fell sharply across all types, mainly attributed to the government lockdown and travel restrictions to curb the spread of the coronavirus, according to a report by the Energy Business Department. Total gasohol and petrol consumption dropped 11.3% to an average of 28 million litres a day […]
Read MoreThe government has embarked on the next phase of economic reopening with confirmation that shopping malls, department stores and food courts will be among the businesses allowed to resume tomorrow, albeit with public health and safety stipulations. The market has already priced in a partial recovery of economic activity in the second half of 2020; […]
Read MoreGlobal research firm Gartner has cut Thailand’s 2020 IT spending forecast to 649 billion baht, a drop of 9.3% from last year, with the biggest fall predicted in the device segment because of the pandemic. The company predicted in January IT spending in Thailand would grow to 752 billion baht in 2020, up 2.45% from […]
Read MoreThe massive blow to the tourism industry caused by the outbreak may offer an opportunity for hotel investors waiting for property sales, but operators in Chiang Mai and Phuket have yet to witness that phenomenon. “Over the past 10 years, hotel trading in Thailand was worth about 125 billion baht, but during 2017-18, the figure […]
Read MoreThe government is being urged to provide financial support of at least 50 billion baht to the gems and jewellery industry, which has been hit hard by the coronavirus outbreak, to enable producers stay in business and retain skilled labour. Duangkamol Jiambutr, director of the Gem and Jewelry Institute of Thailand (GIT), said local manufacturers […]
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Thailand
