Roughly 23% of tourism operators are willing to increase their workforce, but some remain hesitant because of insufficient tourist demand, according to a study by the National Institute of Development Administration (NIDA). “The tourism sector remains bright to some extent as it started gaining momentum after Covid-19 regulations were lifted in the second half,” said Piriya Pholphirul, […]
Read MoreThe IT market is facing subdued demand caused by economic challenges, high inflation and the weaker baht with the prospect of a sales contraction this year, according to IT product distributors. IT retailers are offering discounts and longer instalment payment periods in a bid to reinvigorate purchases. They shared their views on Thursday during the first […]
Read MoreFlooding affected domestic car sales in October, with volume decreasing in many categories, but the drop will not cause Thailand’s car manufacturing to fall short of its 2022 target, says the Federation of Thai Industries (FTI). Car sales managed to increase by 0.24% year-on-year to 64,618 units in October, said Surapong Paisitpatanapong, vice-chairman and spokesman for […]
Read MoreThailand’s direct sales industry is expected to see growth of 3-5% next year after two years of contraction attributed to the Covid-19 outbreaks. According to Surachet Chousri, the newly appointed president of the Thai Direct Selling Association (TDSA), the sector fell to 69.3 billion baht and 63.8 billion in 2020 and 2021, respectively, from 70.1 billion […]
Read MoreSuper apps and e-marketplaces are making a foray into buy now, pay later (BNPL) services in Thailand to stimulate consumption amid economic headwinds and stagnant inflation. Grab is the first among the super apps to offer BNPL in Thailand, while Shopee is a trendsetter for the service among e-marketplaces. The local BNPL sector recorded strong […]
Read MoreGlobal crude oil prices are expected to keep decreasing to US$85-95 a barrel next year when the world economy slows down, according to analysts of national oil and gas conglomerate PTT Plc. The price range, which is based on the Dubai reference price, remains high compared with an average price of $99 this year and […]
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