The Fiscal Policy Office (FPO) believes Brexit is unlikely to have much impact on the Thai economy, as the value of trade, investment and tourism between the two countries is not high. Pisit Puapan, FPO director of Macroeconomic Policy Bureau, said that last year the UK was ranked the 20th major export destination for Thai […]
Read MoreWITH international borders still restricted, the hotel sector next year will still be highly dependent on domestic tourism. The easing of movement control orders recently, allowing for travels for tourism and meetings at hotels, will help the domestic tourism and hotel sector. Due to the low yield of domestic travels, hotels can only hope to […]
Read MoreThe Japan Centre for Economic Research (JCER) has predicted that Vietnam will become an upper-middle-income country in 2023, and its GDP will surpass that of China’s Taiwan in 2035. The JCER recently released a medium-term forecast of Asian economies entitled “Asia in the coronavirus disaster: Which countries are emerging?”, which addresses the impact of the […]
Read MoreAlternative state quarantine (ASQ) facilities in Thailand are upbeat about the latest relaxation of travel restrictions, which allow citizens of 56 countries to visit Thailand without a visa requirement, as it might increase demand for the 122 quarantine facilities nationwide. Prin Pathanatham, president of ASQ Club Thailand, said easing of rules, such as visa exemptions, […]
Read MoreThe main index is seen trading at a downward bias, as it remains overvalued, making it susceptible to profit taking. Philstocks Financial Inc. senior research analyst Japhet Tantiangco said that as of last week’s closing, the market is trading at a price-to-earnings ratio of 21.8 times, which is above its 2015 to 2019 average of […]
Read MoreAlthough Christmas is not a widely celebrated event in Cambodia, businesses big and small across multiple sectors, including retail, hospitality and tourism, are hopeful of it providing a well-needed year-end boost to their revenues. This may seem out of context for a nation where 95 percent of the population is Buddhist, but by the beginning […]
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Thailand
