Over half of SMEs unlikely to survive six months without government support

The Federation of Thai SMEs has warned that small and medium-sized enterprises faced a serious crisis, with 13 per cent at risk of not surviving three months, and 40 per cent likely to close down within six months.Federation chairman Sangchai Theerakulwanich urged the government to ...

The Nation Reporter

Worsening outlook limits investment opportunity

July was the worst month for Covid-19 in Thailand since the pandemic began and cases continue to rise by more than 20,000 daily. Total cases in the country have surpassed 830,000, with more than 200,000 infections and 2,100 deaths since the start of August alone.The ...

Sandbox tourism scheme generates over THB1 billion for Phuket economy

The Phuket “sandbox” programme drew over 19,000 foreign tourists and generated over THB1 billion in revenue for the province, Thanusak Pheungdet, president of the Phuket Chamber of Commerce, said on Friday.The sandbox scheme, which kicked off on July 1, aims to reopen Phuket to foreign ...

The Nation Reporter

Vaccine tourism set to spike

Outbound tour operators expect increasing demand for vaccine tourism in the fourth quarter because of the delay in procurement of high-quality vaccines in Thailand.Suthiphong Pheunphiphop, president of the Thai Travel Agents Association (TTAA), said even if local travellers are able to take outbound trips in ...

Bangkok Post Reporter

BoT: Firms expect normalcy in Q1 2022

Nearly half of businesses expect normal Thai life to resume in the first quarter of next year, according to a Bank of Thailand survey.The business sentiment index, which was conducted from July 1-22 on 260 businesses of all sizes, found 45% of respondents expect public ...

Somruedi Banchongduang

Tips for SMEs to boost online food sales

A Chula marketing expert has offered SMEs three tips for boosting their food delivery businesses – know your strengths, know your customers, and use eye-catching food images.Food delivery is a fast-growing business during Covid-19, when customers are often reluctant to leave their homes or offices. ...

The Nation Reporter

How Covid-19 propelled digital disruption transformed Thailand’s business sector

A vast majority of businesses have been driven by digital disruption globally with most executives admitting its transformative impact to an extent. It is, therefore, crucial to identify digital disruption perspectives and approaches to digital implementation in Thai companies.“Deloitte Thailand conducted its first Thailand Digital ...

The Nation Reporter

Sentiment continues to see decline

Consumer and business sentiment continued to plunge in July based on rising Covid-19 infections and deaths, as well as a poor economic outlook.The University of the Thai Chamber of Commerce (UTCC) reported on Thursday the consumer confidence index fell to 40.9 in July from 43.1 ...

Phusadee Arunmas

Pandemic leads to exodus of B95bn from Thai bourse

More than 95 billion baht in capital flowed out of the Thai stock market in the first seven months of the year, partly because of the worsening pandemic, sputtering attempts to revive foreign tourism, and possibly a second year of economic contraction.The pandemic situation in ...

Bangkok Post Reporter

BoT cuts 2021 GDP rise to 0.7%

The Bank of Thailand (BoT) has slashed its economic growth projection for this year again to 0.7% as the third wave of Covid-19 has had a more severe impact on the country’s economy since the central bank conducted its earlier projection.The BoT’s Monetary Policy Committee ...

Somruedi Banchongduang

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