Tourism operators are pleading with locals not to discriminate against returning Chinese visitors once the virus is contained following a survey that found half of mainland tourists are ready to take overseas trips. Thailand ranked among the top destinations. Ivy Alliance Tourism Consulting, China Comfort Travel Group and Pacific Asia Travel Association conducted a survey […]
Read MoreThe government is being advised to waive the daily minimum wage requirement for six months to help entrepreneurs maintain employment during the pandemic. Thanit Sorat, vice-chairman of the National Labour Development Advisory Council, said the council estimated that the country’s total unemployed could reach 9-10 million by the end of this month after the government […]
Read MoreKasikornbank (KBank) and Siam Commercial Bank (SCB) cut their prime lending rates by 40 basis points on Thursday after the Bank of Thailand lowered the required contribution made by banks to the Financial Institutions Development Fund (FIDF). The banks’ new prime lending rates will take effect on Friday. KBank’s minimum lending rate (MLR) will be […]
Read MoreThe Tourism and Sports Ministry has released first-quarter tourism revenue figures, reporting a decrease of nearly 40% to 335 billion baht, or 222 billion baht shy of the year-earlier level. The impact of the pandemic hammered the tourism industry in the first three months of 2020, with all source markets facing the same setbacks to […]
Read MoreThe Joint Standing Committee on Commerce, Industry and Banking (JSCCIB) predicts that 7 million workers will be out of a job by June because of shutdowns from the pandemic. The committee said most of the layoffs will affect low-paid workers, with 6 million out of the 7 million workers losing their jobs earning less than […]
Read MoreThailand’s inflation rate may be as low as -1% this year as the escalating spread of Covid-19 has weakened overall domestic demand. Pimchanok Vonkorpon, director-general of the Trade Policy and Strategy Office, the planning unit of the Commerce Ministry, said a -1% inflation rate would be Thailand’s lowest ever. The inflation rate was -0.9% in […]
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