Real Estate – Page 2 – Thailand Business Directory

Vietnam Import-export value surpasses 74 billion USD since 2021’s beginning

Vietnam’s import-export turnover posted a year-on-year rise of 31 percent to reach 74.51 billion USD from the beginning of 2021 to February 16.

In the reviewed period, Vietnam enjoyed a trade surplus of 2.63 billion USD, according to the Vietnam Customs.

During the Tet (Lunar New Year) holiday 2021 from February 10-16, a total of 960 firms conducted import-export activities, up 363 against the Tet holiday 2020.

A total of 10,300 customs declaration forms were filled out, up 59 percent against the previous holiday.

Meanwhile, the import-export value hit 1.67 percent, a year-on-year increase of 53 percent.

Main exports included mobile phones and spare parts, computers, electronics and components./.

VNA

Source link

Read the rest of Vietnam Import-export value surpasses 74 billion USD since 2021’s beginning on Thailand Business News

Covid-19 wiped out USD 1.3 trillion in tourism revenues in 2020

Destinations worldwide welcomed 1 billion fewer international arrivals in 2020 than in the previous year, due to an unprecedented fall in demand and widespread travel restrictions. This compares with the 4% decline recorded during the 2009 global economic crisis.

According to the latest UNWTO World Tourism Barometer, the collapse in international travel represents an estimated loss of USD 1.3 trillion in export revenues – more than 11 times the loss recorded during the 2009 global economic crisis. The crisis has put between 100 and 120 million direct tourism jobs at risk, many of them in small and medium-sized enterprises.

Asia and the Pacific (-84%) – the first region to suffer the impact of the pandemic and the one with the highest level of travel restrictions currently in place – recorded the largest decrease in arrivals in 2020 (300 million fewer).

While much has been made in making safe international t…

Economic recovery remains highly uncertain says Bank of Thailand

The Committee voted unanimously to maintain the policy rate at 0.50 percent to support the economic recovery which remained highly uncertain.

The Committee assessed that, while the new wave of the COVID-19 outbreak and the containment measures would affect the Thai economy in the short term, the economic recovery continued to be on track thanks to government measures and export recovery.

Uncertainties surrounding the economic outlook remained high

Nevertheless, uncertainties surrounding the economic outlook remained high with considerable downside risks. The economy would thus need support from the continued low policy rate.

The Committee therefore voted to maintain the policy rate at this meeting to preserve the limited policy space to act at the appropriate and most effective timing.

Impact of the recent outbreak on the Thai economy

The Committee assessed that the impact of the recent outbreak on the Thai economy would be …

Thailand approves COVID-19 AstraZeneca vaccine for emergency use

Bangkok (NNT) – The FDA Secretary General Paisal Dunkhum, said today the FDA had approved the registration of the COVID-19 vaccine produced by AstraZeneca in Italy.

The company nearly 10,000 pages of documents for registration in Thailand for approved use during the state of emergency since December 22, 2020. Efficacy, quality and safety of the vaccine was considered by the FDA.

He added that the first delivery of vaccine from AstraZeneca is due in February, consisting of 50,000 doses. The import license lasts one year.

When the vaccine arrives in Thailand, the Department of Medical Sciences will conduct a random inspection of the vaccine to determine its quality before providing it to people. More deliveries, numbering 150,000 doses of vaccine in total, will follow in March and April, he said.

As for the production of the COVID-19 vaccine by AstraZeneca and Siam Bioscience, he said registration of a production facility in…

Can Fintech drive a strong post-COVID-19 recovery in Asia?

To say 2020 has been a challenging year is a massive understatement. The COVID-19 pandemic has quickly undermined development gains from recent decades and slowed growth in many Asian economies.

Yet, every crisis presents opportunities. One is the rapid advance in digital technology, which offers a way to recoup some of these gains and spur a strong economic revival once the pandemic has passed.

As we all know, the pandemic has accelerated the use of digital technology. Many of us have become adept at online video conferencing and other digital tools while working from home.

Pervasive restrictions on mobility and lockdowns have driven companies to shift their businesses and services online.

The use of digital technology and e-commerce has become the business norm.

Digital payment platforms have eased a transition from offline to online transactions—and their use has skyrocketed in many parts of the region. In the Philippines, f…

Wish you were here: how the pandemic harmed tourism-dependent economies

In 1950, at the dawn of the jet age, just 25 million people took foreign trips. By 2019, that number had reached 1.5 billion, and the travel and tourism sector had grown to almost too-big-to-fail proportions for many economies.

The global pandemic, the first of its scale in a new era of interconnectedness, has put 100 million jobs at risk, many in micro, small, and medium-sized enterprises that employ a high share of women, who represent 54 percent of the tourism workforce, according to the United Nations World Tourism Organization (UNWTO).

Tourism-dependent countries will likely feel the negative impacts of the crisis for much longer than other economies. Contact-intensive services key to the tourism and travel sectors are disproportionately affected by the pandemic and will continue to struggle until people feel safe to travel en masse again.

“There is no way we can grow our way out of this hole we are in,” Irwin LaRocque, secretary-gener…

Thailand strengthens COVID-19 control measures

According to the Tourism Authority of Thailand (TAT) latest update regarding the Royal Thai Government’s announcement on the strengthened COVID-19 control measures to contain local transmission, 28 provinces are now declared as “highly controlled areas”.

Effective from 4 January, 2021, the Centre for COVID-19 Situation Administration (CCSA) has declared 28 provinces as “highly controlled areas” following a surge in community transmission.

These include the capital Bangkok and (region by region)

Central: Ang Thong, Ayutthaya, Lop Buri, Nakhon Nayok, Nakhon Pathom, Nonthaburi, Pathum Thani, Samut Prakan, Samut Sakhon, Samut Songkhram, Saraburi, Sing Buri and Suphan Buri;

West: Kanchanaburi, Phetchaburi, Prachuap Khiri Khan Ratchaburi, and Tak;

East: Chachoengsao, Chanthaburi, Chon Buri, Prachin Buri, Rayong, Sa Kaeo and Trat, and

South: Chumphon and Ranong.

The strengthened restrictions, which are …

Leading Mobile App Developer Fourdesire Introduces Fortune City in Thailand

BANGKOK – Fourdesire, Taiwan’s leading mobile app developer, will release a Thai version of Fortune City, their popular money management app, in Thailand this month.

As the new year rapidly approaches, millions of people are planning to make New Year’s resolutions for 2021, looking for a way to spark positive personal change.

Every year the same themes recur: a healthier lifestyle, improved finances and learnings for self-improvement. However, statistics show that very few people achieve the goals they outlined at the beginning of the year.

The majority do not even make it through January. Committed to addressing everyday life issues in a fun way, Fourdesire now launches a new Thai version of Fortune City, aiming to help Thai users keep their New Year’s resolutions for 2021 and achieve their financial goals.

Fortune City is a finance and personal expenses tracking app that was released in 2017. It is a fun gam…

How COVID-19 has changed online shopping forever

The pandemic has accelerated the shift towards a more digital world and triggered changes in online shopping behaviours that are likely to have lasting effects.

The COVID-19 pandemic has forever changed online shopping behaviours, according to a survey of about 3,700 consumers in nine emerging and developed economies.

The survey, entitled “COVID-19 and E-commerce”, examined how the pandemic has changed the way consumers use e-commerce and digital solutions. It covered Brazil, China, Germany, Italy, the Republic of Korea, Russian Federation, South Africa, Switzerland and Turkey.

Following the pandemic, more than half of the survey’s respondents now shop online more frequently and rely on the internet more for news, health-related information and digital entertainment.

Consumers in emerging economies have made the greatest shift to online shopping, the survey shows.

The COVID-19 pandemic has accelerated the shift towards a…