economic recession
- Business News
Thai SMEs boxed in by debt and dwindling demand
Small and medium-sized enterprises (SMEs) in Thailand are on the ropes, grappling with crippling debt and plummeting sales as the country’s economic engine sputters, warns the Federation of Thai Industries (FTI). The financial plight of these crucial businesses is worsening, says the FTI, with government support measures arriving too little, too late. Yet, the federation, the voice of Thailand’s SMEs,…
- Thailand News
Thai students leaving school mid-year at alarming rate
Thailand’s Education Minister Police General Permpoon Chidchob announced yesterday that Thai students are leaving mid-year at an alarming rate. But despite this recent uptick, the minister expects a reversal of this trend in the near future. New data indicates that approximately 20,000 students have dropped out this year. Permpoon shared these statistics following a meeting with top executives from the…
- Business News
Spa-demic resilience: Thailand’s wellness sector unaffected by global downturn says MSpa
Minor Hotels’ spa and wellness arm, MSpa International, declared that the current global economic downturn and geopolitical conflicts will not impact high-spending guests in Thailand’s wellness sector. The company’s group director, Sandie Johannessen, stated emphatically that the nation’s wellness centres continue to attract enthusiastic visitors for leisure trips and retreats, despite the global situation. Johannessen also pointed towards the affluent…
- World News
Cuba turns to Russia amid fuel crisis and economic downturn
Equipped with a navy blue, Soviet-era Lada, Cuban cab driver Jorge Lloro’s everyday life is a stark reminder of Cuba’s Cold War-era relationship with Russia. There are roughly 100,000 Russian-made autos on this island nation, originally brought here as a workaround for the United States’ long-standing economic embargo. Today, grappling with a severe fuel crisis and a grim economic outlook,…
