Impact
- Business News
Temu’s impact on Thailand’s e-commerce market remains uncertain
Chinese e-commerce giant Temu‘s potential to impact the e-commerce market in Thailand and the region remains uncertain, according to market analytics firm Cube Asia. Sellers may need to brace for another price war if Temu sustains strong incentives and a low-price strategy, similar to the shifts seen with Shopee, Lazada, and TikTok Shop focusing on profitability. Simon Torring, co-founder of…
- Business News
Impending drought poses significant threat to Thai export sector
The Thai economy braces for another challenge as impending drought threatens its critical export sector, following last month’s extensive flooding. Despite an improvement in exports in August, marking a recovery from an 11 month decline, the impending drought could significantly impact food manufacturing and shipments. The Federation of Thai Industries (FTI) highlighted concerns over the potential repercussions of water shortages…
- Hot News
Flooding may impact Thailand’s tourism recovery
Hopes for Thailand’s tourism industry to recover are being challenged by the worst flooding the kingdom has seen in years. With large areas of croplands being suffocated by seasonal storms and rising rivers, food prices are at risk of increasing while tourism recovery is undoubtedly being slowed. According to Bangkok Post, popular tourist destinations are now being flooded by heavy…
- Environment News
Bangkok enveloped in bad smog Friday
Get out the anti-pollution masks and turn on the air purifier, air pollution in Bangkok is at unhealthy levels. 64 locations in Bangkok were reported with high levels of the air pollutant PM2.5, according to the Pollution Control Department. As a cold weather front in China weakens, air circulation is also slowing down, causing dust to accumulate and drop to…
- World News
Typhoon Goni kills 22, many others missing, now heads towards Vietnam
Typhoon Goni blasted its way across the northern island of Luzon, tracking just south of the capital Manila. It made landfall around 5am in the morning and by the end of the day it had crossed, heading westwards, and reached the South China Sea, having killed at least 22 and displacing more than 800,000 people. The latest death toll was…
- Tourism News
From tourist heroes to zero – how the world’s former tourist magnets are coping
If over-tourism became the buzzword in the travel industry in 2019, the opposite applies in 2020 when most of the world’s most popular tourist magnets are now facing a genuine economic crisis, forced on them by government closures and a risk-averse travel public, most of whom are prevented from travel beyond their own borders. We visit Dubrovnik, Santorini, Ibiza, Barcelona,…
- Covid-19 News
One third of tourism businesses could go under due to Covid-19
The president of the Tourism Council of Thailand is warning that close to a third of tourism-related businesses are likely to be permanently shuttered in the second half of this year, due to the impact of the Covid-19 crisis. Chairat Trirattanajarasporn says many will simply run out of liquidity to keep their businesses afloat and be forced to close up…
- Covid-19 News
Many Thais face salary cuts, job loss due to pandemic, survey finds
The coronavirus pandemic has already led many into financial difficulties, some being put on temporary leave from their jobs, and others losing their jobs altogether. A recent survey shows that 1 in 4 workers lost their jobs or were currently out of work as a result of the impacts of the pandemic crippling the economy. A significant percentage of those…
- Covid-19 News
Aviation industry estimates that 25 million jobs are in peril
Amongst industries hit during the Covid-19 situation, the aviation industry has probably been hit harder than most with huge investments, millions of staff, complicated infrastructure, small margins and thousands of down-stream businesses. It will also take a lot longer to wind the whole aviation machine back up when things eventually settle down. The International Air Transport Association estimates that some 25…
- Tourism News
Thai tourism to take hit over Coronavirus
by Bill Barnett of c9hotelworks.com A travel ban is now in effect in Mainland China for tour groups who were booked for holidays overseas. Over the past few days hoteliers in Phuket, Bangkok and throughout the country are reporting significant cancellations, not only of groups but also independent travellers (FITs). Last year Mainland Chinese travellers to Thailand nearly eclipsed 11 million,…
- Tourism News
Hotel association wants rules on short-term rentals, home sharing
PHOTO: Airbnb and other accommodation-share businesses, plus a glut of newly opened hotels rooms across the country, is putting pressure on the traditional hotel model The Thai Hotels Association has again asked for a meeting with the Minister of the Interior to discuss the impact of short-term rentals and home sharing services like Airbnb on the domestic hotel business. The…
- Bangkok News
Bangkok Motor Show opens as Thai car sales move online
PHOTO: New Nissan all-electric LEAF, on display at the Bangkok Motor Show by Kingsley Wijayasinha “Despite the increase in sales online, including new automobiles, we’re not worried that fewer people will show up at the event to purchase vehicles.” More than 1.6 million visitors are expected at this year’s Bangkok International Motor Show, which kicks off today at IMPACT Muangthong…
