Despite an improved GDP growth forecast propelled by improving global economic growth and continued government stimulus packages, domestic demand will be slow to recover because of sluggish foreign tourist revenue and permanent damage, says an economic think tank. Thailand’s economy is forecast to expand by 2.6% this year, up from 2.2% projected previously, as export […]
Read MoreSAMUT PRAKAN: A total of 1,388 people have been thrown out of work by lingerie manufacturer Brilliant Alliance Thai Global Ltd’s abrupt closure of its factory in Bang Sao Thong district. The closure anouncement was posted only on Wednesday, effective from Thursday. Its workforce, mostly employed in the production department, were in a state of […]
Read MoreThe government looks set to sign a memorandum of understanding (MoU) to sell as much as one million tonnes of rice a year in a government-to-government (G2G) deal with Indonesia late this month. According to Commerce Minister Jurin Laksanawisit, the MoU signing will be organised in the final week of March, covering no more than […]
Read MoreSocial commerce is expected to make up 70% of Thailand’s e-commerce market value within three years, up from 62% at present, driven by the rise of online sellers amid the pandemic, says Line Thailand. To ride the wave of the social commerce boom, Thailand’s most popular messaging app Line has vowed to usher in new […]
Read MoreThe cabinet has turned down a proposal from the Tourism and Sports Ministry to extend the fraud-plagued Rao Tiew Duay Kan (We Travel Together) scheme scheduled to end on April 30. Instead, the Tourism and Sports Ministry and Tourism Authority of Thailand (TAT) were instructed to redesign the programme in order to prevent fraudulent practices or […]
Read MoreAirlines are intensifying sales promotions to seize limited domestic demand and provide some hope for long-term investment in new aviation hubs. Bangkok Airways president Puttipong Prasarttong-Osoth said the airline has to offer promotions or value-for-money prices which can be used in tandem with tourism stimulus campaigns from the government to boost domestic demand. “We do […]
Read More
Thailand
