Thai Vietjet (TVJ) is preparing an aggressive plan for international expansion next year with the aim of increasing the portion of international flights to 67% from 41% this year, with new routes to destinations in China, India, Japan and Vietnam. “We want to be a part of driving the Thai economy by bringing more foreign tourists,” […]
Read MoreThe recovery rate of Thai tourism was slower than in neighbouring countries because of a shortage of flights and the absence of key markets such as China, according to leading regional travel tech companies. Wilfred Fan, chief commercial officer at Klook, a travel and experiences platform, said there was a strong recovery for cross-border travel in […]
Read MoreThe Bank of Thailand believes the country’s economy will take off in the final quarter of this year and return to pre-pandemic growth levels. As a consequence, the central bank increased its policy rate by a quarter-point despite mounting pressure from a projected global economic slowdown. The Monetary Policy Committee (MPC) on Wednesday voted unanimously to […]
Read MoreIRPC, the petrochemical arm of national oil and gas conglomerate PTT Plc, expects prices of petrochemical products, which hit a 10-year low, to increase early next year as Covid-19 eases. Kris Imsang, president and chief executive of IRPC, blamed the impact of lockdown measures, enforced during the pandemic, as well as the Russia-Ukraine war, which […]
Read MoreThailand’s Manufacturing Production Index (MPI) fell by 3.71% year-on-year in October as some factories shut down for maintenance, but the Industry Ministry remains optimistic about the growth of the full-year MPI. Major maintenance of petrochemical and plastic bead production facilities lowered the October index to 93.89 points, down from 97.89 points in September, according to the Office […]
Read MoreEntrepreneurs have flocked to invest in the frozen food segment, with new business registrations rising by 84% in the first nine months, driven by rising domestic and export demand. According to Deputy Commerce Minister Sinit Lertkrai, new frozen food business registrations between January and October tallied 92, up from 42 in the same period last year, […]
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