Hotel operators are underwhelmed by an aid measure to waive the 40-baht-per-room operation fee for a year, calling the remedy trivial in the face of financial devastation caused by the pandemic and requesting a revival of the 5,000-baht domestic tourism rebate. The cabinet green-lighted the 40-baht fee waiver yesterday after a proposal by the Interior […]
Read MoreThe baht’s appreciation is not expected to be as profound as last year’s surge because a lower current account surplus is projected thanks to slower growth in exports and tourism, says Asia Plus Securities (ASP). The local currency’s value against the greenback strengthened from 33 in early April to 31.44 yesterday as of press time. […]
Read MoreSLRT, the operator of Sizzler in Thailand, is seeing business recover faster than expected after reopening on May 17. Nongchanok Stananonth, the company’s assistant vice-president, said 60-70% of customers have come back, one month ahead of projections. “I am surprised customers prefer to order from the regular menu over our special promotions, with higher spending […]
Read MoreThe economic downturn has been a larger factor than the trend of working from home in causing a fall in office demand as the new behaviour does not fit with Thai culture, says property developer Golden Land Property Development. Withawat Koottatep, executive vice-president for commercial development at Golden Land, said not everybody prefers working from […]
Read MoreJapanese investors and companies are requesting the Thai government reopen the country to 100 Japanese business travellers per day, as they are eager to return here to make new investments and fill executive-level vacancies. “Japanese companies want to know when authorities will allow foreigners to travel to Thailand because they want to resume business expansion […]
Read MoreSiam Commercial Bank (SCB) is encroaching on the food delivery business, planning to roll out its own platform next month. To lure customers, the bank’s food delivery platform Robinhood will waive the gross profit (GP) fee in an effort to be fair to customers, drivers and restaurants, said chief executive Arthid Nanthawitthaya. “SCB has no […]
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Thailand
