The Bank of Thailand has announced a project to develop a prototype payment system for businesses using the Central Bank Digital Currency (CBDC), which will build upon knowledge from Project Inthanon. The project’s scope will include conducting a feasibility study and developing a process to integrate CBDC with companies’ payment platforms, the central bank said […]
Read MoreThailand’s e-commerce market is expected to surge 35% to 220 billion baht in value this year thanks to the online shopping trend, accelerated by months of lockdown, says e-commerce platform Lazada. Lazada Thailand said during the lockdown from March to May, the number of new sellers joining its platform grew more than 75% and millions […]
Read MoreAirports of Thailand (AoT) said it expects passenger numbers and revenue to fall by 50% in 2020 as a result of the coronavirus crisis. AoT, which manages six airports including Bangkok’s main Suvarnabhumi, on Wednesday forecast a 50.7% year-on-year drop in revenue for its 2020 fiscal year and a 42.2% fall in 2021. If a […]
Read MoreHotels are desperate to cut room rates in the scrum to draw domestic tourists following the state’s subsidised tourism packages, hoping to gain any occupancy before the country opens up to foreign travellers. After provincial orders to close hotel operations in many provinces since April, the vast majority of hotels are restarting their businesses, aiming […]
Read MorePrime Minister Prayut Chan-o-cha has launched the government’s “new normal” initiative by inviting people from all sectors of society to map out Thailand’s future after the Covid-19 crisis. The prime minister on Wednesday addressed the nation on the government’s plan for the country in the post Covid-19 era. He announced three “new normal” ways of […]
Read MoreThe ban on commercial international flights might not be lifted on July 1 as originally planned and, if and when the ban is scrapped, business people will likely be the first to be allowed to travel, according to the Civil Aviation Authority of Thailand (CAAT). CAAT director-general Chula Sukmanop made the statement after meeting representatives […]
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