THAILAND’S economy will not fully recover from the novel coronavirus pandemic for another two years, no thanks to the drag from an insipid tourism industry, one economist has warned. Citi analyst Nalin Chutchotitham expects economic activity to rebound to 2019 levels only in mid-2022, as the killer contagion compounds structural issues such as an ageing […]
Read MoreAirlines are eager to fly internationally again as soon as bilateral agreements between countries with low coronavirus risk are settled, as the aviation industry continues to struggle with unprecedented financial stagnation. Santisuk Klongchaiya, chief executive of Thai AirAsia (TAA), said the airline is ready to resume international flights once “travel bubbles” are successfully created and […]
Read MoreThere are four candidates to replace outgoing governor Veerathai Santiprabhob as the Bank of Thailand’s 24th chief, says Rangsan Sriworasart, the selection committee chairman. Two are insiders at the central bank and two are outsiders, Mr Rangsan said without revealing any names. The committee will announce the applicants’ names tomorrow after the application period closed […]
Read MoreThe Tourism Council of Thailand (TCT) is crying foul over the 22.4-billion-baht tourism stimulus package, saying it will mostly benefit big hotel operators and leave behind the small and medium-sized businesses that account for 75% of the sector. The cabinet on Tuesday approved a domestic tourism package to boost the hospitality sector, including a subsidy […]
Read MoreThailand has fallen four places to 29th in IMD’s world competitiveness rankings for 2020, weighed down by a decline in rankings for economic performance and government efficiency. Conducted by the Institute for Management Development, the survey analysed global economies and their ability to generate prosperity. All 63 countries were gauged in the ranking undertaken by […]
Read MoreThe condo market will rebound in the next few years with buyers prioritising price performance amid the economic slowdown, says SET-listed developer Supalai. Managing director Tritecha Tangmatitham said the condo market saw a bigger impact from the coronavirus crisis than low-rise houses, as buyers were concerned about space and co-living. “The impact on condos today […]
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