Industries

The Bank of Thailand (BoT) is concerned with the expected higher number of non-performing loans (NPLs) of tourism-related businesses in the second quarter of this year because of the the third wave of Covid-19.Both the BoT and financial institutions are concerned about rising NPLs in ...

The Tourism Authority of Thailand (TAT) believes it will not be able to meet its 2021 target because few people are travelling due to the third wave of Covid-19.TAT governor Yuthasak Supasorn said the organization expects 90 million locals to take trips this year, slightly ...

The Bank of Thailand has added measures on retail loan restructuring as part of its third phase of debt relief for individual borrowers, aiming to ease hardships caused by the pandemic.The central bank started implementing new measures for debt relief on Friday, including restructuring consumer ...

The Bank of Thailand predicts domestic tourism will be weaker in May than the previous month because of the severity of the third wave.The central bank reported the hotel occupancy rate in April was below 20% on average because of the significant decline in local ...

The Tourism Authority of Thailand (TAT) has downgraded its outlook for domestic trips and tourism receipts this year because of the economic downturn, with the third wave undermining domestic tourism.TAT governor Yuthasak Supasorn said the country needs to maintain the momentum of the 90.5 million ...

Thailand’s industries sentiment in April hit its lowest in eight months in the wake of the country’s worst coronavirus outbreak, and the government should borrow 1 trillion baht more to support the economy, the Federation of Thai Industries (FTI) said on Monday.The FTI said its ...

Thailand is considering scrapping its mandatory quarantine for vaccinated visitors to its capital Bangkok and other top tourist destinations from October, as it looks to rebuild its coronavirus-battered tourism industry.Among the 10 provinces planned to welcome vaccinated tourists from October 1 are Pattaya, Phang Nga, ...

Thailand plans to waive mandatory quarantine for vaccinated visitors to Bangkok and top tourist destinations from October, to revive a key industry battered by COVID-19 travel curbs.Deputy government spokeswoman Traisulee Traisoranakul said the new measure means easier access to favorite locations in 10 provinces, like ...

Government measures to contain the spread of Covid-19 infections across Bangkok and other five red-zoned provinces will likely have a negative impact on the tourism sector, analysts said Friday, adding that the downside risk was limited.The return of a 14-day mandatory quarantine for all oversea ...

The Tourism Council of Thailand (TCT) estimates the industry’s unemployment rate in the second quarter could reach between 2-2.5 million as reopening plans might be delayed if the government cannot flatten the virus curve within a month.Chamnan Srisawat, president of TCT, said staff had been ...