Thursday, June 17, 2021

Luring Locals With Luxury

As the holiday season approaches its peak, the Thai capital of Bangkok remains unusually devoid of the bustle of tourists. As the pandemic keeps foreign tourists away, the city's five-star hotels are slashing rates and offering added perks to entice domestic customers. Big names, such as a Marriot in downtown...
Thailand's central bank announced on its website an extension of grace period of debt moratorium for Thai small and medium-sized enterprises (SMEs) as many of their businesses have been adversely impacted by COVID-19. The Bank of Thailand (BoT) extended the debt moratorium period to June next year for SMEs...
Through the years, technological advancements in the medical device industry have emerged. The implementation of smart medical technology not only significantly increase surgery accuracy and efficiency, it also makes large medical devices less complicated and easier to use. Taiwan, an expert in machinery integration and automated production, is leading...
Escalating anti-government protests in Thailand could push one of this year's worst performing stock markets even lower, some investors fear, as political instability adds another layer of risk to an already fragile tourism-dependent economy. Thai stocks were Asia's worst performers this week, down 2.6 per cent, as protests hit...
Thailand’s Centre for Economic Situation Administration (Cesa), has recently approved a proposal to offer taxpayer income tax deductions of up to 30,000 baht for purchasing products and services with a 7 percent value-added tax (VAT), in another bid to help boost domestic spending and consumption. As of 23 October until...
The state-owned Thai Credit Guarantee Corporation (TCG) has recently approved a huge 57 billion baht (US$1.8b) worth of loan guarantees for SMEs qualified under the Bank of Thailand’s soft loan scheme. These SMEs, however, have yet to receive the soft loans because of financial institutions' discretion over concerns associated...
Huawei, together with Thailand National Broadcasting and Telecommunication Communication (NBTC) and Siriraj Hospital, initiated “Unmanned Vehicle Pilot Project Driving Thai Healthcare to 5G Era” to pioneer the use of unmanned vehicle for the first time in smart hospital in ASEAN. The self-driving delivery vehicle takes advantage of 5G technology...
The lush island province of Phuket, known for its breathtaking views and bustling tourism industry, will be reopening its beaches as the risk of COVID-19 decreases. Tourism serves as one of Thailand’s main source of income. However, the COVID-19 pandemic and subsequent lockdowns have caused catastrophic damage to the...
Thailand’s Cabinet has ordered the Ministry of Finance to come up with plans to provide additional financial aid to small and medium enterprises (SMEs) that have been affected by the Covid-19 pandemic. Government Spokesperson Narumon Pinyosinwat said, “The Ministry of Finance will estimate the budget to be used as...
A 26-member National 5G Committee has been formed with Thailand Prime Minister Prayut Chan-o-cha as chairman to coordinate the 5G development and boost the digital economy in the country. The committee is expected to enhance cooperation between related agencies for 5G development support. “This committee is formed to promote vertical...
The Thai Hotels Association (THA) has urged SME operators to enrol with the Safety and Health Administration (SHA) in a project to set a new standard in health and hygiene. The Tourism Authority of Thailand (TAT) is also preparing incentives for those that join said project. The new investments into...
The Thailand cabinet has given the green light regarding a huge stimulus package that is expected to inject up to 400 billion baht (US$12.7 billion) into the economy in order to reduce the impact that the COVID-19 outbreak has wrought and to provide relief for the many vulnerable SMEs...

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