Economy News
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Sponsored Retiring in Thailand: Why and how health insurance is crucial for your golden years
Thailand offers an ideal setting for retirees with its tropical climate, warm hospitality, and affordable living. But enjoying your golden years to the fullest means planning for health coverage. Here’s a complete guide on why health insurance is essential for...
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900 million budget for MotoGP gets Cabinet nod
The Cabinet today gave the green light (pun intended) to the Tourism and Sports Ministry’s proposal to earmark 900 million baht for MotoGP race from 2021-2025. The ministry predicts the races will generate at least 3 billion baht in revenue. The licences for holding the motorbike races cost the government 100 million baht annually. Authorities paid 300 million for licences…
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First post-Covid flight from China lands in Bangkok
The first charter flight from China to Thailand has landed in Bangkok, after Thailand partially lifted its 3 month ban on foreign arrivals on July 1. Yesterday, a Spring Airlines flight flew 31 Thai nationals and 21 members of a Chinese company in Thailand from Shanghai’s Pudong International Airport to Bangkok’s Suvarnabhumi International airport. All foreigners, except those with work…
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Government defends “monkey business” after PETA call for boycott on Thai coconut products
People for the Ethical Treatment of Animals, the US-based animal rights group, is no stranger to controversy and has been accused of double standards in the past. Now it faces accusations of “cultural racism” after its open call to ban all Thai coconut products because some of the coconuts may have been harvested by monkeys. In a statement issued this…
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“Travel bubble” scheme likely to be delayed
Thailand’s “travel bubble” scheme, which would allow limited numbers of certain groups of tourists from nations or areas deemed Covid-19 free by the World Health Organisation, now appears likely to be delayed. The Civil Aviation Authority of Thailand has announced the delay after several countries, that were considered for the scheme, have now seen resurgences of the virus. The CAAT’s…
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Domestic tourism stimulus package registration starts July 15
Thai nationals, who are 18 years or older, can start registering for the domestic tourism stimulus package on July 15. The government’s “Rao Tiew Dauy Kan” (We Travel Together) scheme entitles 5 million Thais to discounts on hotels and eating out, while 2 million can get rebates on flight tickets. A report in the Nation Thailand says the arrangement will…
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US ambassador meets deputy PM to discuss Thailand’s “great investment potential”
US Ambassador to Thailand Michael George DeSombre, who raised eyebrows in May when he described the US as “a better friend than China,” has praised the kingdom’s “great investment potential”, highlighting the expansion of current projects and further support for industry as ways to promote further cooperation. Deputy PM Somkid Jatusripitak welcomed the ambassador to the open discussion amongst key trade…
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Thai PM expresses concern over “travel bubbles”
PM Prayut Chan-o-cha has expressed serious concerns about the resumption of international travel under the “travel bubble” scheme, stressing that Thailand must implement a vigorous arrivals screening protocol. The scheme is a proposed limited resumption of international travel to and from countries with a reciprocal agreement. The Thai government has indicated it has taken a risk-averse stance with future Covid-19…
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Major international retailers banning monkey-picked coconuts – VIDEO
Allegations of animal abuse are prompting major Western retailers to pull Thai coconut products from their shelves, amid accusations that the coconuts are picked by monkeys treated inhumanely. People for the Ethical Treatment of Animals claim monkeys are snatched from the wild and trained to pick up to 1,000 coconuts a day. The animal rights group says pigtailed macaques are…
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Bangkok’s shopping malls struggle under tourist ban, fierce competition
Suvarnabhumi, the name of Bangkok’s second international airport, means “realm of gold,” and was given by His Majesty the late King Rama IX to Bangkok’s eastern outskirts (technically in Samut Prakhan province), once a marshland called Nong Nguhao (Cobra Swamp). With its overtones of wealth, the name represents the hopes of developers, who are turning the area into a retail…
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Medical, wellness tourists will be first to be allowed in: CCSA
The government plans to allow local tours for overseas medical and wellness tourists beginning this month, and the start of tourism “travel bubbles” in September. Taweesilp Visanuyothin, spokesman for the Centre for Covid-19 Situation Administration, said medical and wellness tourists will be welcomed from this month on. If they are properly handled during their 14 day quarantine and treatment at…
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Chiang Mai International Airport sees more traffic
Northern Thailand’s gateway airport is recovering some of its flight and passenger traffic. With the easing of travel restrictions enforced to fight the spread of Covid-19, the director of Chiang Mai’s international airport says traffic is picking up, and more flights and passengers are expected this month. On average, the airport received 40 flights and about 4,000-5,000 passengers per day…
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Thai government offering more aid to rural areas and domestic tourism
The government says it’s looking at expanding its domestic tourism stimulus package to assist rural economies while helping airlines and others in the tourism sector with soft loans. Deputy PM Somkid Jatusripitak says urgent measures are needed to create jobs for those who have returned to their home provinces after losing their livelihoods as a result of the Covid-19 crisis.…
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Thai nightlife grapples with “new normal”
Thailand’s nightlife scene is grappling with a ‘new normal’ as changes upon its recent reopening see facemasks joining the normal bikini wear in red-light districts across the Kingdom. After being forced to close for more than 3 months in order to stop the spread of Covid-19, bars, karaoke venues and massage parlours are in the latest category of businesses allowed to…
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Thai Airways to shed only 5% of employees, while appointing new president
Debt-ridden Thai Airways has confirmed that it will only shed 5% of its 20,000 employees as part of its reorganisation. The former president of the carrier’s labour union says he met with the rehab panel, along with union and airline staff representatives, with the panel now aiming to cut only 5% of the airline’s workforce-down from the initial target of…
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Nightlife operators warned: follow the rules or face closure
Bangkok police have issued a stern warning to nightlife venue operators… follow the rules or be closed again. National police chief Chaktip Chaijinda has instructed officers to make sure entertainment venue operators comply with disease control regulations and that both service providers and customers understand the “new normal.” The warning comes after a meeting of senior city police, the Health…
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Up to 2.7 million Thai travel, hospitality and tourism workers unemployed by September
The president of the Thai Tourism Industry Council says confidence among Thailand’s tourism business operators fell to the lowest level in a decade during the second quarter this year, with about 2.6 million workers already unemployed and about another 100,000 expected to be laid off in Q3 as a result of the Covid-19 pandemic. The gloomy forecast is the result…
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Thailand sets new guidelines to govern “medical tourism”
Thailand’s medical community is rolling out a set of guidelines for medical tourism as the country prepares to open its borders to international visitors. According to the director-general of the Department of Health Service Support, yesterday’s first meeting of the medical hub committee resulted in 3 decisions. The first outcome from the meeting set a new policy pertaining to quarantine…
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Phuket’s (in)famous “Soi Bangla” district reopens today
Today is the official reopening of Phuket’s famous (or infamous) “Soi Bangla” nightlife district, but only about 20% of venues say they’re reopening during this early stage. The Centre for Covid-19 Situation Administration announced yesterday that all night entertainment venues may reopen but must strictly adhere to health guidelines set out to prevent the spread of Covid-19. Dr Taweesilp Visanuyothin,…
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The Centre for Covid-19 Situation Administration has approved extending the Emergency Decree
The Centre for Covid-19 Situation Administration has approved the proposal from the National Security Council last week to extend the emergency decree until the end of July. The decision was made at a meeting this morning with PM Prayut Chan-o-cha and other relevant officials. Read more about last weeks proposal HERE. The CCSA says the extension was necessary because the…
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Government agency issues guidelines to help Thailand’s souvenir suppliers
Thailand’s Department of Industrial Promotion says it is working on ways to help the country’s souvenir makers recover from the devastation wreaked by the Covid-19 lock-down. Speaking to Nation Thailand, Nattapol Rangsitpol, director-general of the DIP, says the latest advice complements the government’s stimulus campaign Tiew Pan Suk (Trips to Share Happiness), aimed at boosting domestic tourism and the local…
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Surat Thani “cockle wars” are over, says navy chief
The chief of the Royal Thai Navy says local figures wielding influence are being “neutralised” and the disruptive, sometimes violent dispute between cockle farmers and local small-boat fishermen is drawing to an end. Admiral Ruechai Ruddit says the conflict off the coast of Bandon Bay in the southern province of Surat Thani has eased, after cockle farmers began dismantling the…
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Open for business. Just about all business restrictions in Thailand lifted from July 1.
Thailand has now gone over a month without a locally transmitted case of Covid-19, and July 1, approaching quickly, will see the resumption of all businesses and activities originally suspended under the Emergency Decree, including bars, pubs and “soapy” massage parlours. Spokesman of the Centre for Covid-19 Situation Administration Dr Taweesilp Visanuyothin made the announcement yesterday. He told the media…
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Q&A with David Barrett on travel, tourism and MICE
Industry expert and respected marketeer David Barrett chatted with travel writer and media consultant Andrew J Wood on the recovery from the impact of Covid-19 on Thailand’s formidable travel and tourism industry. AW. As Thailand starts to emerge from lockdown what do you believe are the most important points to consider to ensure success? DB: As we begin to recover,…
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JLL sees bright future for post-Covid Thai real estate market
Thailand’s hospitality industry has been hit hard by the Covid-19 pandemic and Bangkok’s serviced apartments are no exception. A study by property consultant Jones Lang LaSalle indicates that serviced apartments have generally fared better than hotels in current and past times of distress. The report expects the pandemic to boost the growing trend of mixed-use premises offering hotel rooms and…
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Finance ministry to consider incentives to stimulate shopping, retail sector
Thailand’s finance minister says his ministry is ready to consider retailers’ proposals for tax breaks on shopping to stimulate domestic spending. The ministry has assigned related agencies, including the Fiscal Policy Office, the Revenue Department and the Excise Department, to examine the possibilities, Uttama Savanayana said yesterday. His remarks come after retailers asked the government to apply a shopping tax break…
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U-tapao and Eastern Airport City deal officially signed
The deal for a public/private partnership for the U-tapao International Airport and Eastern Airport City projects has been officially signed. The agreement is between the Eastern Economic Corridor Office of Thailand and U-tapao International Aviation Company. PM Prayut Chan-o-cha chaired the signing ceremony yesterday at Government House. The deal is for a major infrastructure project to upgrade U-tapao, which serves…
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Health minister wants travel bubbles to begin in July, but not for tourists
“No one will be allowed to arrive masquerading as a businessperson in order to go on holiday.” Thailand’s public health minister and deputy PM Anutin Charnvirakul said yesterday that businesspeople, international students and ‘experts’ will be the first groups of foreigners allowed to reenter Thailand next month under the travel bubble model. Anutin revealed the timetable after discussing a travel…
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Tourism minister says pandemic provides “opportunity to reset tourism sector”
Needless to say, Thailand’s tourism sector, considered a lifeline to an already battered economy, has been ravaged by the Covid-19 pandemic. Now the government is rethinking its strategy for the Covid era… The new tourism revival strategy is “quality over quantity”, target big spenders seeking privacy and social distancing, rather than try to attract large numbers of visitors. In an…
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International medical hub proposed by outgoing Phuket governor
Local Thai media reported that Phuket has proposed a new project called “The International Medical and Public Health Service” to create more long term financial security and diversification, and value-added tourism in Phuket, as the island has taken a heavy financial hit due to the effects of Covid-19 pandemic. The project will use state owned property near the Tha…
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British expat petitions government to help desperate elephants, handlers
The closure of elephant camps and sanctuary-style tourist attraction throughout the northeastern provinces has left thousands of elephants facing starvation. Some have made the long march back to their home villages, where their arrival is creating more problems than it solves. Susan Field, a British citizen living in Koh Samui, yesterday presented a petition with nearly 65,000 signatures to the Thai…
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