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Beauty industry not looking so good
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Firms continue to fret Firms continue to fret
While the economic impact of the pandemic creates havoc among the country s smaller businesses, there are mixed opinions on how larger firms and corporations are managing to cope
published : 26 Jul 2021 at 05:01
3 The once-vibrant Terminal 21 mall in central Bangkok is devoid of human activity following the recent raft of measures aimed at curbing the growing number of daily infections in the capital. Varuth Hirunyatheb
Thailand s economic risk is escalating as the country copes with its worst Covid-19 outbreak yet, with new infections exceeding 10,000 a day since July 17 and fatalities continuing to pile up.
Ms Voralak says Gourmet Market s online shopping service will increase alternative shopping options for customers.
The Mall Group Co, the operator of The Mall, Emporium, Paragon and EmQuartier shopping complex, is beefing up online shopping services for Gourmet Market in a move to respond to a lower number of people going out to shop amid the increasing number of Covid-19 infections.
Voralak Tulaphorn, the company s chief marketing officer, said the online shopping service via gourmetmarketthailand.com, which officially launched on June 25, will increase alternative shopping options for customers who are not confident to go out amid daily reports of rising Covid-19 infections.
Analysts shrug at new scheme
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Rather than revving up consumer spending, the key to fixing the economy is mass vaccination
published : 17 May 2021 at 04:30
9 The Ying Chai Ying Dai scheme targets 4 million shoppers with high purchasing power, aiming to increase consumer spending during the pandemic. (Photo by Pornprom Satrabhaya)
With a slow vaccine rollout, mounting Covid-19 cases and new variants entering the country, Thailand s economic future seems more uncertain than ever.
Multiple times this year Thailand s GDP growth forecast has been lowered by both domestic and international institutions, and could end up being 1%, following a contraction of 6.1% in 2020.
To combat these cratering GDP prognostications, the government unveiled an ambitious new programme to spur consumer spending and nudge upwards economic indicators this year: Ying Chai Ying Dai (the more you spend, the more you get).
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