Thailand’s economic recovery is expected to take longer than previously anticipated, mainly due to the drastic decline in foreign tourist numbers, says the Bank of Thailand. The central bank slashed its GDP growth forecast for 2021 from 5% to 3.6% as the pandemic continues to hamper international travel. The central bank has revised down its […]
Read MoreThe Tourism Council of Thailand (TCT) supports the idea of allocating travel incentives for expatriates, while the Thai Chamber of Commerce wants to stimulate the local market with new medical and wellness tourism. Chairat Trirattanajarasporn, president of the TCT, disagreed with the Immigration Bureau’s decision to end visa amnesty for tourists stranded in Thailand by […]
Read MoreThe Bank of Thailand (BoT) left its key interest rate unchanged at a record low on Wednesday and upgraded its GDP outlook slightly as the economy showed some signs of recovery from the fallout of the coronavirus pandemic. The BoT’s monetary policy committee voted unanimously to keep the one-day repurchase rate steady at a record […]
Read MoreOnline vendors who refuse to display the prices of products on their pages and only reveal them to potential buyers in private messages will in future face hefty penalties, according to a new consumer protection law. The Royal Gazette on Tuesday announced that online vendors must display prices and other details explicitly on their online platforms, with […]
Read MoreFinancial analysts predict that the Monetary Policy Committee (MPC) will maintain the policy rate at 0.50% at Wednesday’s meeting and discuss other tools for solving the business and household liquidity problem. Kasikorn Research Center (K-Research) said cutting the policy rate to near zero is unnecessary at the moment, as a lower interest rate may not […]
Read MoreHotel operators embraced the additional holidays in the fourth quarter announced on Tuesday by the cabinet but raised concerns about unequal opportunities for hotels in different tiers. The four-day weekends added to the calendar for Nov 19-22 and Dec 10-13 are part of efforts by the government to support domestic tourism during the high season. […]
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