Thailand’s economy is expected to return to growth in the second quarter next year, supported by government stimulus measures and a low-base effect. The outlook assumes that government stimulus measures encourage public spending and the special tourist visa (STV) scheme propels recovery momentum and improves domestic consumption, said Don Nakornthab, senior director of the central […]
Read MoreThe government has extended support measures to aid the garment and textile industry, tourism and aviation sectors until the end of the year, according to a statement released yesterday. This is the sixth round of measures in which the government has handed support to the private sector, which has been severely affected by the COVID-19 […]
Read MoreThe tourism index plunged for two consecutive quarters, with 10% of operators already throwing in the towel and 537,280 employees laid off. The third-quarter index, which polled 700 local operators nationwide during Aug 15-30, climbed to 60 after bottoming out at 12 in the second quarter. The index’s reading was 100 in the second quarter […]
Read MorePETALING JAYA: The banking industry has received about 500,000 applications for repayment assistance and approved 98% of them, Bank Negara said. Individual banks, it said, have directly engaged over two million borrowers through calls, emails and SMS to offer repayment assistance in view of the end of the automatic moratorium today (Sept 30). “For applications […]
Read MoreThailand is expected to have 50,000 foreign tourists in the fourth quarter of 2020, down 99.5% from a year earlier, an industry body said on Wednesday, as the country tries to support its battered economy by gradually reopening to visitors. Foreign tourist receipts are seen at 4.5 billion baht in the quarter, down 99% year-on-year, […]
Read MoreThailand is set to welcome the first batch of foreign tourists in six months, but the government is unlikely to fully throw open beaches and national parks to overseas visitors until a vaccine against the coronavirus is widely available. Authorities will probably allow the entry of only a limited number of foreign visitors for a […]
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