Business sentiment picked up for the first time in 14 months in June, boosted by easing of the government’s lockdown measures. The University of the Thai Chamber of Commerce (UTCC) reported on Thursday that business confidence inched up to 31.5 in June from 31.3 in May, following readings of 32.1 in April, 37.5 in March, 44.9 […]
Read MoreLine Thailand is joining hands with Tellscore, a local influencer marketing startup, to embark on influencer commerce, hoping to help brands increase their sales during the economic downturn while attracting influencers to the platform. “We see the growing trend of influencer marketing playing an important role in buyers’ decisions,” said Nadhakriz Kanchanamantana, head of commercial […]
Read MoreAs most local tourists flock to popular destinations during the weekends, tour operators are asking the government to help fill up weekdays by creating more trips for the elderly and state agency meetings. Phuriwat Limthavornrat, president of the Association of Domestic Travel, said the association is working on a plan to discuss with tourism-related agencies […]
Read MoreState-owned broadcaster MCOT is going through a liquidity crunch but is not insolvent, says a source at the Finance Ministry who requested anonymity. MCOT is not on the State Enterprise Policy Office’s list to begin a business rehabilitation plan, the source said. MCOT’s liquidity problem stems from an absence of income contribution from BEC World, […]
Read MoreThailand’s economy could contract by 15% year-on-year in the second quarter from lockdown measures, with rising contagion risk affecting economic activities on the external front, says Asia Plus Securities (ASP). “Second-quarter GDP is likely contract for both quarter-on-quarter and year-on-year figures because of the country’s lockdown measures against the pandemic,” said ASP executive vice-president Therdsak […]
Read MoreThailand’s regulations requiring foreign businesses to be majority owned by a Thai partner and filing legal documents in Thai language may hamper foreign investment in the country, says multinational professional services firm TMF Group. The country is rated the 42nd most complex jurisdiction for businesses globally and the eighth most complex in Asia-Pacific, according to […]
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