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TAT & Locanation launch new hotel bookings platform touting “Quarantine Paradise” – Tourism

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Thailand Business News
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The Tourism Authority of Thailand (TAT) and Thailand-based Locanation Company Limited jointly launch the newly-developed asq.locanation.com website under the ‘ASQ Paradise’ project to provide arriving foreign visitors with world-class information regarding standards for quarantine and control at Alternative State Quarantine (ASQ) hotels located around Thailand.

TAT Deputy Governor for Tourism Products and Business, Ms. Thapanee Kiatphaibool, said, “TAT’s collaboration for the ‘ASQ Paradise’ project emphasises the strength of Thailand’s tourism infrastructure even as the country is in the grip of the global pandemic crisis. TAT sees an opportunity during this crisis to show other aspects of our tourism potential to the world. Not only do we retain our outstanding hospitality and travel services, but also the highest possible standards for pandemic control and quarantine.”

The asq.locanation.com website, available in English and Chinese languages, provides a 360-degree pre-entry quarantine service platform that offers services ranging from room reservations to information related to individual travel to Thailand and other services.

107 participating ASQ hotels in Thailand

Currently, the website features 107 participating ASQ hotels in Thailand, offering quarantine packages ranging from…

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Leatherback turtle eggs moved to safer spot

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National news Thailand
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PHANG NGA (NNT) – The authorities have rushed to relocate 130 leatherback turtle eggs laid at a beach in Phang Nga to a safer spot. There are 130 eggs in total and 114 of them are fertile.

Mr Prachuap Mokharat, Director of the Marine Resource Conservation Division, and authorities from relevant agencies inspected the traces of a large turtle that had laid eggs on Khuk Khak Beach, Moo 6, Khuekkhak subdistrict, Takua Pa district, Phang Nga province, after being informed by a local fisherman who was looking for krill on the beach.

The authorities found that the sixth leatherback turtle egg nest was at a spot that lacked sunlight and was near many tree roots. The eggs were relocated to a safer place which is about 25-30 meters away from the original spot. It is an open area where possible threats can be seen at all times. The authorities installed a thermometer which will be able to predict the time when the baby turtles will be hatched. The eggs usually take about 45-60 days to hatch. A fence was set up around the new nest site which will be continually monitored. Phang Nga Leatherback Turtle Situation Surveillance and Monitoring Center will supervise the incubation of the leatherback turtle eggs according to academic principles, in order to ensure a high hatch rate so that the baby turtles can be safely released into the sea.

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Why 5G is racing ahead in Asia – Real Estate, Tech

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Thailand Business News
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Asia Pacific is leading the charge for the next generation of mobile connectivity. Major cities across the region are rolling out 5G networks this year, which are poised to reshape connectivity and big data with blazing-fast download speeds.

Hong Kong, Seoul, Sydney, Taipei, Manila, Tokyo and Shenzhen have already introduced 5G networks. In May, Bangkok became the first city in Southeast Asia to roll out a 5G network, while Singapore in August started a six-month trial.

“With more than half of the world’s Internet users situated in Asia Pacific – a majority of whom only use mobile devices – it is highly likely that most of tomorrow’s digital tools will come from the region and be shaped by the population’s mobile-first habits”.

Jordan Kostelac, director of proptech, JLL Asia Pacific

With 1.14 billion subscribers, Asia Pacific is the largest region for 5G adoption. It could account for almost 65 percent of global 5G subscriptions by 2024, according to technology analyst GlobalData.

Governments and businesses are keen to take advantage of 5G technology. High-speed connectivity, reduced latency and greater reliability open up the potential for more widespread digitalisation of industries and allow businesses better access to the benefits of the internet of things (IoT), artificial intelligence and big data.

“In previous generations of wireless internet, download speeds were the focus because information was largely stored on individual devices,” says Kostelac. “Cloud computing has shifted this requirement to focus on more upstream bandwidth. With greater capacity, 5G networks allow exponentially more data to be collected and organised to train AI and automate more of everything humans…

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Thailand’s Public debt to GDP ratio within framework says Finance Minister

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Thailand Business News
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Thailand’s Public debt to GDP ratio within framework says Finance Minister

BANGKOK (NNT) – The Thai economy is gradually recovering, with monthly economic indicators, such as the consumer confidence index and domestic spending, showing positive signs.

Purchasing power is mainly driven by the government’s measures to help mitigate the adverse impacts of the COVID-19 pandemic, while loans of 1 trillion baht are being used to fund economic and social rehabilitation.

To deal with a rise in demand for domestic loans from the private sector, the Finance Minister, Arkhom Termpittayapaisith, has directed the Public Debt Management Office (PDMO) to study ways to obtain foreign loans, to help diversify loan sources.

Mr. Arkhom said the cost of borrowing from Thai and foreign institutions is similar. Obtaining foreign loans is another way to diversify loan sources, and it also allows the country to acquire technology for further development. However, the ministry has no plans to obtain foreign loans for fiscal year 2021.

At present, the 1-trillion-baht loan decree consists of a loan of 1.5 billion US dollars, or 48 billion baht, granted by the Asian Development Bank (ADB).

Public debt to GDP stands at 49.34 percent

Currently, the ratio of public debt to gross domestic product (GDP) stands at 49.34 percent, which is below the Fiscal Sustainability Framework set at 60 percent.

With the 1-trillion-baht loan decree and other borrowings combined, the ratio of public debt to GDP will not exceed the 60 percent framework in the next five years, on the assumption that the country’s economy will expand four percent in 2021 and three to five percent over the next five years.

Public Debt Outstanding

Debt…

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Thailand remains in pole position for the highest funds raised across Southeast Asia

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Thailand Business News
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THAILAND, 26 November 2020 — Capital markets across Southeast Asia stayed resilient in 2020 despite a host of uncertainties from the evolving global health crisis to the worsening US-China trade tensions and the impact of the US presidential elections.

Total IPO activity in the region for 10.5 months this year bucked the overall downward trend to inch up to pre-COVID levels with total funds raised of US$6.44 billion from 100 initial public offerings (IPOs).

The total IPO market capitalisation in 2020 increased by 3% to $25.96 bln

  • Thailand, Philippines and Malaysia saw a year-on-year increase in IPO funds raised in spite of the pandemic
  • Thailand to close 2020 as Southeast Asia’s IPO star with total proceeds of US$3.9 billion exceeding five countries combined.
  • First homegrown deep-tech debut on the SGX Mainboard raised more funds than each of the two real estate investment trusts (REITs) listed in 2020, signals strong investor demand.

Although the number of IPOs decreased by 38% from 161 IPOs in full year 2019 and the total IPO proceeds decreased by 12% from US$7.34 billion, the total IPO market capitalisation in 2020 increased by 3% to US$25.96 billion.

The good news is capital markets in Southeast Asia appear to be navigating global economic headwinds well thus far.

For the second consecutive year Thailand remains in pole position

For the second consecutive year, Thailand remains in pole position for the highest funds raised across Southeast Asia. Taking the top two spots on the region’s leaderboard this year are Thailand’s Central Retail Corporation Public Company Limited and SCG Packaging Public Company Limited with…

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It’s that time of the year: Udon Thani’s Red Lotus Sea is blooming

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Tourism Authority of Thailand
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Bangkok, 30 November, 2020 – Each year from November to February, what’s known as the ‘Red Lotus Sea’ or Talay Bua Daeng appears in the Northeastern province of Udon Thani.

As the name suggests, this is when millions of pink water lilies come into bloom on Nong Han Lake, about 40 km from Udon Thani city. It’s a sight the Tourism Authority of Thailand (TAT) says shouldn’t be missed by flower-lovers and anyone who appreciates a colourful photo opportunity.

The best time to see the Red Lotus Sea is in the morning from around 06.00 – 11.00 Hrs. before the sun becomes too strong and the flowers begin to close up.

Nothing much can really be seen from the shore of the lake, and a boat must be hired to take visitors out to the blooming flowers in all their glory. There are varying sizes of boat and trip length, but this usually ranges from around 45 – 90 minutes. The larger boats can accommodate about eight people while there are smaller ones suitable for singles or a couple.

The boat will typically stop during the trip among the flowers for passengers to pose for photos, and the smaller boats are able to go further into the blooms. The lake itself is shallow and in most places is only around two or three feet deep.

For more information, contact
TAT Udon Thani Office
Tel: +66 (0) 4232 5406-7

or TAT Contact Centre 1672

The post It’s that time of the year: Udon Thani’s Red Lotus Sea is blooming appeared first on TAT Newsroom.

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50:50 co-pay to start next phase in Jan

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National news Thailand
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logomain

BANGKOK (NNT) – The Prime Minister has confirmed Phase 2 of the government’s 50:50 co-pay subsidy campaign for general purchases will start on 2nd January next year, expecting the number of participating vendors to exceed 1 million by that day.

The Government Spokesman Anucha Burapachaisri, announced today that Prime Minister and Minister of Defence Gen Prayut Chan-o-cha, has confirmed the government’s 50:50 co-pay subsidy campaign for general purchases will definitely proceed with its second phase, following good feedback from the general public.

He said the campaign has concretely helped participants cut down on their cost of living, and truly helped participating vendors.

Mr Anucha said the campaign shows the government’s success in stimulating the economy by encouraging more spending by the general public, while at the same time familiarizing them with wallet applications and new financial technologies.

There are so far about 850,000 vendors participating in the 50:50 campaign, with some 28 billion gross transactions recorded.

The campaign is still open to participation by more vendors who should register on the campaign’s website. It is expected the number of participating vendors will exceed 1 million by year’s end.

The growth in the number of participating vendors will help support Phase 2 of the campaign, where a new set of subsidy allowances will be open for registration in January next year.

The government spokesman asked members of the public and vendors to comply with the campaign’s terms and conditions, and not to believe any person’s claims that may lead to a violation of the terms, which will result in legal penalties.

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How COVID-19 regulations are changing landlord-tenant dynamics – Real Estate

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Thailand Business News
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Hastily enacted regulations addressing a fast-unfolding pandemic have introduced a layer of complexity around leases between tenants and landlords.

Governments worldwide have implemented a range of emergency legal and fiscal policies to help cushion the economic damage caused by COVID-19 travel restrictions and stay-home measures.

Each jurisdiction has established its own rules, resulting in myriad policies around returning to work, rent relief and codes of conduct for payment forbearance, and for helping tenants or property owners get access to government grants and loans.

Singapore Skyline
In Singapore, for instance, the government has granted tax rebates and cash grants to landlords whose SME tenants have seen their gross income between April and June fall more than 35 percent

“Many of these relate in some way to either direct fiscal support or regulatory suspension of the standard legal requirements around the tenant-landlord relationship,” says Jeremy Kelly, a director in JLL Global Research.

In Singapore, for instance, the government has granted tax rebates and cash grants to landlords whose SME tenants have seen their gross income between April and June fall more than 35 percent.

In the UK, businesses in the retail, hospitality and leisure sectors are able to obtain a cash grant of up to £25,000 ($32,000) per property.

In Australia, landlords get a 25 per cent reduction in land tax liability for 2019-2020, provided this is passed on to tenants. A

cross the developed world, moratoriums on the forfeiture of commercial leases by landlords for non-payment of rent are also common.

Many of these measures are tenant-friendly. Given the current soft market conditions, tenants are arguably in a stronger…

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