Hotels are eager to welcome Chinese guests as a survey confirmed tourists are ready to return, since the yuan has appreciated against the baht and airlines are restarting their activities. The China Thailand Travel Sentiment Survey 2020 conducted in mid-April by C9 Hotelworks and DAC China Digital Services revealed 53% of Chinese tourists would like […]
Read MoreSocieties and consumer behaviour could enter a “next normal” phase where on-demand needs of goods and services are serviced instantly through smartphone applications after the pandemic ends. With many people working from home as part of a global effort to contain the virus outbreak, many of them have changed their consumption habits by turning to […]
Read MoreThe revenue target for the three tax-collecting agencies this fiscal year is unlikely to be met after the Covid-19 outbreak disrupted business activities. The Revenue Department’s tax collection fell short of its target by 2.2% for the first half of this fiscal year, and the magnitude of the economic downturn is expected to escalate in […]
Read MoreWith the global economic slowdown and the spreading coronavirus, Thailand’s investment applications are likely to fall below last year’s 756 billion baht, according to the Board of Investment (BoI). Duangjai Asawachintachit, secretary-general of the BoI, said it’s difficult to set a target for investment applications this year because of a slew of risk factors, particularly […]
Read MoreEstimating and comparing companies’ results in the first quarter since the Covid-19 outbreak is more a guessing game than a science. By any measure, though, the outlook for Thailand Inc is more bleak than for peers across Southeast Asia. Earnings predictions for companies in the MSCI Thailand Index have been slashed by 23% on average […]
Read MoreWith Thailand in the midst of its worst drought in four decades, sugar production is falling significantly for this year’s crop cycle, pushing up the price of sugar globally and placing a severe strain on the domestic industry. Ekapat Wangsuwan, secretary-general of the Office of Cane and Sugar Board (OCSB) under the Industry Ministry, said […]
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