Business
Airports of Thailand sees lower investment over 5 years
Airports of Thailand AOT.BK, the country’s main airport operator, said on Monday investments over the next five years should cost less than a projected 80 billion baht ($2.39 billion) due to a decline in construction costs.
President Serirat Prasutanond told reporters the company would conclude its investment plans in November, mostly covering an expansion of Bangkok’s Suvarnabhumi airport, including a domestic terminal and a third runway.
“We will review our investment plans and want it lower. Construction costs have come down in line with weak demand and the poor economy. It should be a good opportunity for us,” Serirat said.
Majority state-owned AOT operates the country’s six main airports, Suvarnabhumi and Don Muang in Bangkok, Hat Yai, Chiang Mai, Chiang Rai and Phuket, which handle around 90 percent of air traffic in the country.
The company planned to spend 5.8 billion baht to expand capacity at Phuket airport to serve up to 12 million passengers a year versus 6 million now, Serirat said.
via UPDATE 1-Airports of Thailand sees lower investment over 5 yrs | Reuters.
Business
Large Shopping Malls in Bangkok Will Be Closed until July 25th
Shopping malls under the Mall Group, including all branches of The Mall, the Emporium, Emquartier and Paragon Department Store, are also closed for 14 days, from today, except for supermarkets, food courts, pharmacy shops, eateries (take-out and delivery only), banks, mobile phone shops and vaccination sites.
BANGKOK (NNT) – Large-scale shopping malls in Bangkok and in some dark-red zone provinces are now closed for two weeks, to comply with the latest COVID-19 curbs in 10 provinces.
(more…)
Business
Downside risks loom for Thai economy due to Prolonged COVID-19 Outbreak
The most important issue for the Thai economy at present would be the procurement and distribution of appropriate vaccines adequately and timely.
The Bank of Thailand (BoT) has revealed that Thailand’s economy faces significant downside risks, because a prolonged COVID-19 outbreak could cause the economy to underperform the baseline projection, squeezing business liquidity and slowing employment.
(more…)
Thai baht becoming the region’s worst-hit currency in COVID pandemic
According to data from its tourism ministry as well as the World Bank, Thailand had only a little over 34,000...
Asia’s slow rate of vaccination is a thorn in the region’s economic recovery
Southeast Asia has been hit badly. Daily infections for Indonesia, Thailand, Vietnam are at their worst, on a seven-day moving...
TAT expects 850 billion baht ($25.7 bln) in tourism revenue after successful reopening
The Tourism Authority of Thailand (TAT) has set this year’s revenue target at 850 billion baht, 300 billion of which...
Download 1xBet mobile and play all over the world
Placing profitable bets or playing in a casino is now possible comfortably even without being tied to a computer. It...
3 ways Asia can recover from the COVID-19 pandemic faster
Countries in the East Asia and Pacific region will benefit from cooperation in three major areas: vaccine deployment, reviving sectors...