Businesses need to gear up for digital transformation, cost reduction, cross-industry expansion and preparation for incoming related laws as a way to speed their recovery and explore new opportunities in the post-pandemic period, says the Bluebik Group consultancy. Speaking at an online press briefing on Thursday, chief executive Pochara Arayakarnkul said Thailand’s service sector, a […]
Read MoreDeputy Prime Minister Somkid Jatusripitak has instructed related parties to set up a new mechanism to enable medium-scale business operators, particularly those in aviation and tourism, to seek a credit line exceeding 500 million baht from the central bank’s soft loan scheme to help them maintain employment. The new instrument is expected to take shape […]
Read MoreThailand will take until September to study whether to join a trans-Pacific free trade agreement, potentially missing a window for entry this year amid widespread concern that joining the pact may harm its farm and healthcare sectors. The Commerce ministry has said joining the 11-member Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) would boost […]
Read MoreThailand’s economy is expected to contract between 5%-8% this year, deeper than the 3%-5% contraction projected in May, due to the impact of the coronavirus outbreak, a group of the country’s leading business associations said on Wednesday. Despite the easing of virus restrictions, most economic indicators declined in May and June, weighed by the weak […]
Read MoreThe work-from-home trend, transport route expansion and health-conscious living will become major factors in shaping expectations in the Thai residential market as a result of the Covid-19 outbreak, according to CBRE Thailand. In the near term, condominium developers are focusing on clearing out their unsold inventory while the detached housing market continues to attract end-user […]
Read MoreGENEVA: Global tourism revenues are expected to fall by up to US$3.3 trillion due to Covid-19 restrictions, with Thailand standing to lose $47 billion, according to a UN study published on Wednesday. The ‘Covid-19 and Tourism’ report released by the United Nations Conference on Trade and Development (Unctad) is based on three scenarios for the […]
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