Daily Highlights Week 31 (27-31 July 2020)

31 July 2020

Medical tourists can return, but under strict control

18 billion bahts are expected to be generated from medical tourists within 3 months.
98 hospitals and 26 clinics have been verified as alternative hospital quarantine sites for both Thai and foreign patients. These patients must first test negative for Covid-19 and have quarantined in hospital for 14 days along with the people accompanying them.

Source : https://www.nationthailand.com/news/30392225?utm_source=category&utm_medium=internal_referral

What Travel Will Look Like After Coronavirus

Eight airline and hotel industry veterans are asked to predict the future travel after the pandemic, including the changes in business plans for airlines and hotels as well as new procedures at the airport.

Source : https://www.bangkokpost.com/business/1960291/what-travel-will-look-like-after-coronavirus

Tour operators urge for clarify on travel bubble schemes planned to be implemented in October

Association of Thai Travel Agents said that tourist operators need 2 months of preparation. The association also stated that the current level of tourists is not sufficient for businesses to survive and foreign tourists are needed for the tourism sector.

Source : https://www.bangkokpost.com/business/1960195#cxrecs_s

Virus impact easing for business: BOT survey

The pandemic had less impact to businesses in July according to the latest survey conducted by the Bank of Thailand.

Source : https://www.nationthailand.com/business/30392190?utm_source=category&utm_medium=internal_referral

30 July 2020

Travel stimulus campaign may run till year-end

Ministry of Tourism and Sports said that there is a chance of extending the “We Travel Together” campaign to the end of 2020, while the travel bubbles scheme for tourists from low-risk countries might be taking place by October.

Source: https://www.bangkokpost.com/business/1959595/travel-stimulus-scheme-may-run-till-year-end

Sethaput, the new chief of BoT, faces economy in crisis

Sethaput Suthiwart-Narueput, the new chief of BoT, will face the tough task of economy during the pandemic with near-zero interest rates and high household debt.

Source: https://www.reuters.com/article/us-thailand-economy-cenbank-governor/thai-pms-advisor-sethaput-named-central-bank-chief-faces-economy-in-crisis-idUSKCN24U0J3

Thailand ranks first for virus response

Thailand ranks first among 184 countries with the highest rate of Covid-19 recoveries, according to the Global Covid-19 Index (GCI).

Source: https://www.bangkokpost.com/thailand/general/1959567/more-praise-for-virus-response

Thailand should be promoted as a work-from-home (WFH) hub

Thailand should be promoted as a work-from-home (WFH) hub for the world, says Takorn Tantasith, a former secretary-general of National Broadcasting and Telecommunications Commission (NBTC). The promotion may initially require 1 billion baht.

Source: https://www.bangkokpost.com/business/1959735/takorn-urges-b1bn-for-work-from-home

New mindset during an unusual time for businesses

New mindset is required during this unusual time for businesses. Value proposition and ‘above-the-ocean strategy” (AOS) should be considered for resilience.

Source: https://www.bangkokpost.com/business/1959859/a-new-way-of-thought-during-unusual-times

Sethaput Suthiwart-Narueput as the next BoT governor

Sethaput Suthiwart-Narueput has been selected as the next central bank governor as the cabinet approved the selection committee’s proposal.

Source: https://www.bangkokpost.com/business/1959655/winner-of-bot-governor-race-chosen

Thai tourists flocked to islands in Trat

Thai tourists flocked to famous islands in Trat over the long holiday, bringing 328 million baht to the province.

Source: https://www.bangkokpost.com/thailand/general/1959535/local-tourists-flock-to-eastern-islands?fbclid=IwAR2paJ7VDU7QJnPoS18OjEvcBr8lwHEwi_6Xs-V_J9dzXFa3Nl9tfLw3d9Q

29 July 2020

‘BoT plan to curb baht by severing link to gold’

As the currency’s appreciation has taken its tolls on the country’s exports, the Bank of Thailand is considering cutting the link between gold trading and the baht, and converting local gold trading to the US dollars in an attempt to reduce the baht’s volatility.

Source: https://www.bangkokpost.com/business/1959335/bot-plan-to-curb-baht-by-severing-link-to-gold

BoT looks to lighten burden for distressed borrowers

As the second-phase debt relief measures will expire in October, the Bank of Thailand is considering adding an additional debt relief instrument for the third-phase to help borrowers affected by the Covid-19 outbreak reduce their debt load.

Source: https://www.bangkokpost.com/business/1959171/bot-looks-to-lighten-burden-for-distressed-borrowers

Thailand sees a 66% year-on-year decrease in tourist arrivals in the January-June period from last year

Source: https://www.bangkokpost.com/business/1959271/tourist-arrivals-slump-66-y-y

The manufacturing production index dropped 17.66% in June from last year, better than forecasted

Source: https://www.bangkokpost.com/business/1959279/june-factory-output-down-better-than-expected

Staying close to home

According to an international survey conducted by Europ Assistance, most Thai travellers favour domestic destinations for the following year whereas people in most countries expect international tourism in 2021.

Source: https://www.bangkokpost.com/business/1959163/staying-close-to-home

Third quarter crucial for signs of recovery

Traders and analysts are directing their attention to the third quarter to see if Thailand’s economy can bounce back quickly or will continue to struggle from low exports and sluggish tourism. In the first half of the year, the country’s stock exchange suffered unprecedented damages due to Covid-19.

Source: https://www.bangkokpost.com/business/1959191/third-quarter-crucial-for-signs-of-recovery

28 July 2020

‘AOT studying second airports for Phuket, Chiang Mai’

Source: https://www.nationthailand.com/business/30392006?utm_source=category&utm_medium=internal_referral

‘Phuket learns the hard way’

Source: https://www.bangkokpost.com/thailand/general/1958599/phuket-learns-the-hard-way

‘Fetco lines up stimulus proposal’

Source: https://www.bangkokpost.com/business/1958655/fetco-lines-up-stimulus-proposal

‘Cold water poured on rail projects’

Source: https://www.bangkokpost.com/business/1958427/cold-water-poured-on-rail-projects

27 July 2020

‘Rayong pushes for 10MW waste-to-energy plant ahead of EEC growth’

Source: https://www.nationthailand.com/business/30392003?utm_source=category&utm_medium=internal_referral

‘Public debt not scary yet, PDMO says’

Source: https://www.bangkokpost.com/business/1958083/public-debt-not-scary-yet-pdmo-says

‘New round of migrant registrations likely’

Source: https://www.bangkokpost.com/business/1957939/new-round-of-migrant-registrations-likely


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