Retailers’ preferred solution for empty stores may only be adding to their problems, according to new research and industry executives. Retail chains have announced thousands of closures this year after closing a record number of stores last year, as the pandemic crimps demand for nonessential items and shopping continues to migrate online. The hope is […]
Read MoreBANGKOK: Thailand’s economy contracted less than expected in the third quarter, a sharp recovery from the prior quarter as domestic activity rebounded after coronavirus curbs were eased, leading the government to raise growth estimates for this year. Southeast Asia’s second-largest economy shrank 6.4% in July-September from a year earlier, official data from the state planning […]
Read MoreThe Tourism and Sports Ministry has called for a meeting with the country’s leading hotel executives to seek recovery solutions as it is planning a two-year revival plan dubbed “Thailand Tourism Year”. Phiphat Ratchakitprakarn, the tourism and sports minister, said the hospitality industry has been crippled by the pandemic. The ministry arranged a brainstorming session […]
Read MoreA decline in renewable energy costs is prompting the Energy Policy and Planning Office (Eppo) to review the inclusion of feed-in tariffs in electricity prices to help power operators, though it would increase power bills for households. The feed-in tariff, in use since 2013, is the state guarantee to buy electricity from renewable power plants […]
Read MoreThe country’s success in containing Covid-19 has come at a price: huge losses of income from foreign visitors. To lure overseas visitors and give the tourism industry a shot in the arm, the government introduced a special tourist visa (STV) scheme and recently approved a guideline for foreign tourists and crews of foreign super-yachts looking […]
Read MoreUS ambassador to Thailand Michael George DeSombre and his counterparts from Australia, Britain, Germany and Japan have urged the Thai government to ease business restrictions in Thailand to attract more foreign direct investment in the post-Covid era. The five foreign missions proposed 10 steps for Thailand to crack the top 10 in the World Bank’s […]
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