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COVID-19 Impact on Thai Tourism
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Restaurant business in 2020
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เศรษฐกิจ

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13 Mar 2020

Thai Economy

WHO upgrades COVID-19 to global pandemic; effects to be felt in Thai exports (Current Issue No.3091)

The outbreak of the Corona Virus Disease 2019 (COVID-19) has spread across the world to the extent that the World Health Organization (WHO) has raised its status to that of a pandemic, which has caused the global market to decline even further. This has generated even greater risk for Thai businesses that are reliant on exports in the ensuing period...Read more

12 Mar 2020

Thai Economy

Deflation Foreseen in 2020 if Global Crude Oil Prices Continue to Plummet (Business Brief No.3854)

The Organization of the Petroleum Exporting Countries (OPEC) and key non-OPEC allies (collectively known as OPEC+) failed to reach an agreement to trim their oil production by another 1.5 million barrels per day (bpd) on March 6, 2020 after non-OPEC refused to support OPEC’s deeper production cuts. As their existing agreement is scheduled to expire in March 2020, Saudi Arabia has launched an aggressive move to push forward a new round of negotiations for additional production cuts among OPEC+ by slashing futures crude oil prices for April by USD6-8/ barrel, sending global crude oil prices plummeting. The move has dealt a big blow to Brent crude oil futures, plunging from USD45.5/barrel on Friday evening, March 6, 2020, to USD31.02/barrel on Monday morning, March 9, 2020, or declining 31.8 percent. ...Read more

7 Feb 2020

Thai Economy

Thais adjust their behavior to cope with novel coronavirus outbreak, weighing in medical treatment or vaccination in their decision to resume their normal lifestyle (Current Issue No.3082)

A recent survey conducted by KResearch shows that a majority of the respondents or 66 percent of them were worried about the novel coronavirus outbreak with the epicentre in China, which has spread to other countries, including Thailand. Thais have hence paid more attention to preventive measures and adjusted some aspects of their lifestyle while it remains uncertain when the deadly disease will be contained....Read more

แนวโน้มธุรกิจ

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5 Feb 2020

Industry

Coronavirus outbreak dampens airline business, causing Thai airline business value to contract by 4.3-6.2 percent. (Current Issue No.3080)

The airline businesses have faced tough challenges due to pricing competition, which has steadily reduced the average airfares. Moreover, the demand for air travel began to slow, resulting in a drop in airline business value for the first time in 2019 to 314 billion Baht....Read more

4 Feb 2020

Industry

2020 Car Exports: Shrinking at Least 3% as Thailand’s Trade Partner Economies Hurt by Novel Coronavirus Outbreaks (Current Issue No.3079)

2020 may be another difficult year for Thai car exports. Despite a positive factor, i.e., a likelihood that the Baht may not be as strong as that seen in 2019, there are a number of factors that may inevitably cause Thai car shipments to shrink in 2020. These include economic problems continuing from last year, the fact that Australia, being our key trade partners, is being gripped by bushfires, and the current novel coronavirus (2019-nCov) outbreaks that may adversely affect tourism in our trade partners, in particular Vietnam and the Philippines, being our second and third largest car export markets, with relatively high number of Chinese tourist arrivals and high tourism income to GDP ratios....Read more

31 Jan 2020

Industry

The ban on single-use plastic bags…pushes business of more than 400 million eco - friendly bags in 2020 (Current Issue No.3078)

From January 1, 2020, Thailand has begun a campaign to ban single-use plastic bags under the Plastic Waste Management Road Map 2018-2030 of the Pollution Control Department. KResearch views that the ban will significantly reduce the amount of single-use plastic bags. It will affect supply chains of the plastic bag industry but create opportunities for other substitute merchandise....Read more

ตลาดการเงินและสถาบันการเงิน

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31 Jan 2020

Financial Markets

The Baht weakened, while the SET dropped on the continued spread of coronavirus

The Baht weakened in line with other regional currencies amid concerns over the economic impact of the novel coronavirus outbreak. In addition, the Baht was weighed down by net foreign stock selling during the week, and domestic US dollar demand at the month-end. ...Read more

24 Jan 2020

Financial Markets

The Baht weakened, while the SET dropped on fears of coronavirus outbreak.

The Baht fell against the US dollar. The Baht rose early in the week along with regional currencies amid profit-taking on the US dollar’s gains fueled by strong US economic reports released before. However, the Baht reversed those gains and fell in line with Asian peers, led by the Yuan, on the back of concerns about the spread of novel coronavirus that emerged in central China with confirmed cases of spreading to other countries. ...Read more

22 Jan 2020

Financial Institutions

Relaxation of LTV Regulations to Bolster Residential Market Amid Numerous Risks (Current Issue No.3075)

The reduction in home ownership transfer fee in early 2020 and the Bank of Thailand’s decision to relax its loan-to-value (LTV) regulations for first-and second-time home buyers on January 20, 2020, with the aim of promoting home ownership and increasing consumer house-buying power, will likely give a boost to the residential market. In addition, such measures may be used by real estate developers as marketing tools to bolster and close their home sales in the future. Details of the new LTV regulations are as follows: ...Read more