Tris Rating maintains a negative outlook for the hotel industry in Thailand, with performance to remain under extreme pressure from the slow recovery of travel and tourism demand. As a result, hotels are likely to offer discounts and non-price promotions to draw customers, leading to intense competition, while also focusing on cost management to minimise […]
Read MoreGovernment Savings Bank (GSB) is aiming to lower the interest rate for car title loans to ease the burden on borrowers in this segment, says Vitai Ratanakorn, the bank’s president and chief executive. GSB recently made a foray into this business to help reduce the market interest rate for the loan segment. The bank acquired […]
Read MoreBusiness sentiment plunged to a 39-month low in April after the business sector became concerned about the severity of the new Covid-19 outbreak, lower purchasing power, rising unemployment and public debt. The University of the Thai Chamber of Commerce (UTCC) revealed the TCC Confidence Index on Tuesday, which gauges the sentiment of Thai Chamber members […]
Read MoreHigh net worth individuals are predicted to be the most likely group to take Covid-19 vaccination tours overseas, spending a fortune in the hope of choosing their own vaccines and heading abroad, instead of waiting for local vaccinations. As the vaccination programme in Thailand trudges along, lagging Western countries and regional peers, outbound tour operators […]
Read MoreThe Commerce Ministry yesterday launched a fresh mobile grocery store campaign to help reduce the cost of living for people in Greater Bangkok. Presiding over the launch of the new mobile grocery store campaign, Commerce Minister Jurin Laksanawisit said the latest campaign features 730 mobile pick-up trucks and small trucks selling 73 products in six […]
Read MoreThe value of investment projects submitted under the Board of Investment (BoI) tax incentive programmes skyrocketed by 80% year-on-year to 123.36 billion baht in the first quarter, driven mainly by the pandemic and subsequent measures to curb the spread of the virus, including a work-from-home guideline. From January to March, the BoI saw the number […]
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Thailand
