The Bangkok office market is slowing because of shrinking demand and future supply overwhelming the market, with flat growth in occupancy and rents expected this year. Teerawit Limthongsakul, managing director of property consultant Nexus Real Estate Advisory, said many office tenants decided to scale down or not to expand as they wanted to cut costs. […]
Read MoreState-owned Government Savings Bank (GSB) plans to adjust its loan criteria to collateral-based lending from the current cashflow-based lending to assist people experiencing a liquidity crunch. The adjustment process should take 1-2 years, said GSB president and chief executive Vitai Ratanakorn. As Thailand’s economy has been hugely affected by the continuing Covid-19 outbreak, the cashflow-based […]
Read MoreThe government remains adamant it is continuing its long-delayed Dawei special economic zone (DSEZ) project and vows to find solutions to obstacles at a tripartite meeting between Thailand, Japan and Myanmar. Deputy Prime Minister Supattanapong Punmeechaow, who is chairman of the Thai-Myanmar Joint High-Level Committee (JHC) for the DSEZ, said Thailand’s government agencies are looking […]
Read MoreGrab commands 50% of the market share among online food delivery apps in terms of gross merchandise value (GMV), followed by Foodpanda at 23% and Lineman 20%, according to the consultancy Momentum Works (MW). While food delivery platforms do not report their internal numbers for GMV or revenue, the report by MW offers evidence of […]
Read MoreThe National Tourism Policy Committee has approved the proposed guidelines for the collection of a 300-baht tourism fee from each international visitor for the management of local tourist destinations. The money will also be used to provide insurance benefits to international tourists visiting the country. Tourism and Sports Minister Phiphat Ratchakitprakarn said each foreign visitor […]
Read MoreThe top three worst impacted provinces would be Bangkok, which would lose 81.42 billion baht, Chonburi (15.46 billion baht) and Phuket (2.79 billion baht). (Chineses tourists in Thailand last year) BANGKOK: The new Covid-19 outbreak will wipe 140 billion baht off Thailand’s trade and tourism revenue, TMB Analytics forecast. Trade and tourism account for 22% […]
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Thailand
