TAT calls attention to flaws in tourism scheme : Only 17% of 5.05 million registrants used the benefit over two months. The domestic tourism subsidy needs another major revamp despite generating 3 billion baht for the local sector, as just 17% of 5.05 million registrants used the benefit over two months, according to the Tourism Authority of Thailand (TAT). Bangkok Post
BoT takes action to equalise services : The Bank of Thailand has enforced revised market conduct rules covering specialised financial institutions, asset management companies and nanofinance operators to standardise the country’s overall financial services. Bangkok Post
ADT targets 200m trips in 2021 : The government should aim high in the domestic tourism market by targeting at least 200 million trips next year if Thailand wants to extend a lifeline to the industry, says the Association of Domestic Travel (ADT). Bangkok Post
EIC: 38.4% more firms shutter in July : Business closures spiked 38.4% year-on-year from June to July, with higher figures anticipated in the second half attributed to the economic downturn amid the pandemic crisis, says a research house. Bangkok Post
Govt plans B51bn cash handout : Help for 24 million low-income earners. The government will hand out a total of 51 billion baht to 24 million people, mostly those with low incomes, to boost domestic consumption and support the economy which is reeling from the effects of the coronavirus pandemic. Bangkok Post
Tropical Storm Noul gathers pace, agencies go on high alert : A disaster mitigation plan has been drawn up with agencies on high alert for fast-approaching Tropical Storm Noul which is gathering strength and could hit the country tomorrow until Sunday, the Agriculture Ministry says. Bangkok Post
B2tn in SME loans risk turning sour : Moratorium expires at end of September. Loans worth 2 trillion baht owed by 1.1 million SMEs that entered the debt moratorium programme could turn into bad debts after the programme’s expiry at the end of September, says Thai Credit Guarantee Corporation (TCG). Bangkok Post
Officials expect cash subsidy to reach 24m : Handout uses funds from B1tn decree. The Finance Ministry predicts the 51-billion-baht cash handout to cover one-third of the population, aiming to sustain private consumption in the final quarter. Bangkok Post
Ministry vows Bangkok STV arrivals by October : The Tourism Ministry has pledged to bring the first batch of international tourists to Thailand by October, with Bangkok as the primary destination, and it wants tourism operators to gear up marketing plans right away. Bangkok Post
FTI upbeat on hitting output target of 1.4m units by year-end : Car production in the first eight months of 2020 plunged 42% year-on-year to 812,721 units, but manufacturers still have another four months to reach the target of 1.4 million units, says the Federation of Thai Industries (FTI). Bangkok Post
EIC: 38.4% more firms shutter in July : Business closures spiked 38.4% year-on-year from June to July, with higher figures anticipated in the second half attributed to the economic downturn amid the pandemic crisis, says a research house. Bangkok Post
This could be wise people are not taking up the TAT tourism sheme as they dont have money or wish to conserve money or want to pay off debts or or or another 100 things to do with limited money
The second have will show more closures as things are getting better – I read that the USA over 200 years accumulated approx 4 trillion dollars debt and managed to rack that up in July 2020 alone = this is a World wide issue and I dont think it will go away for a long time
Sorry
kelvin bamfield
EIC: 38.4% more firms shutter in July : Business closures spiked 38.4% year-on-year from June to July, with higher figures anticipated in the second half attributed to the economic downturn amid the pandemic crisis, says a research house. Bangkok Post
This could be wise people are not taking up the TAT tourism sheme as they dont have money or wish to conserve money or want to pay off debts or or or another 100 things to do with limited money
The second have will show more closures as things are getting better – I read that the USA over 200 years accumulated approx 4 trillion dollars debt and managed to rack that up in July 2020 alone = this is a World wide issue and I dont think it will go away for a long time
Sorry