Thailand is searching for a new central bank governor to steer the economy through one of its biggest crises in decades as traditional policy options run out. Bank of Thailand Governor Veerathai Santiprabhob, 50, will leave the bank once he finishes his five-year term at the end of September, declining to stay on longer because […]
Read MoreThe Board of Investment (BoI) and Eastern Economic Corridor (EEC) Office have been ordered to speed up rejigging promotional privileges for five new S-curve industries to make them more enticing for foreign investment. Kanit Sangsubhan, secretary-general to the EEC Office, said the Eastern Economic Policy Committee chaired by Prime Minister Prayut Chan-o-cha found promotional privileges […]
Read MoreSaha Group, the country’s biggest consumer goods conglomerate, expects domestic consumer consumption to stay bearish in the next few years because of the crisis, which has gutted domestic employment. Thammarat Chokwatana, executive vice-president of SET-listed ICC International, the fashion and beauty marketing arm of Saha Group, said Thais’ well-being has not recovered even with eased […]
Read MoreLarge business investment trends, particularly e-commerce and digital healthcare, are poised to accelerate over the next 5-10 years following the pandemic, says Tisco Securities. The crisis has prompted a significant change in consumers’ lifestyle and business operations, said Paiboon Nalinthrangkurn, chief executive at Tisco Securities. For instance, virtual meetings and webinars conducted via Zoom and […]
Read MoreThailand needs to reopen borders to international guests to ensure long-term infrastructure and investment, while boosting domestic consumption in the short term, says hotel firm Accor. Last year Thailand reached close to 40 million international visitors versus 167 million domestic trips, but foreign visitors are higher-yielding and tend to spend more per trip, said Patrick […]
Read MoreOperators of night entertainment hangouts have welcomed a promise by the business lockdown-easing committee that pubs, bars, karaoke parlours and other entertainment venues will be allowed to reopen in the fifth phase of loosening the Covid-19 restrictions expected in July. The promise was made during talks yesterday between Gen Natthaphol Nakpanich, deputy army chief and […]
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