SURAT THANI: Koh Phangan aims to promote long-term sustainable tourism to attract more than just Full Moon Party visitors, with the aim of 100,000 arrivals this year following the relaxation of travel
SURAT THANI: Koh Phangan aims to promote long-term sustainable tourism to attract more than just Full Moon Party visitors, with the aim of 100,000 arrivals this year following the relaxation of travel rules.
A place where time moves slow
A place where time moves slow
Close to world-famous tourism juggernauts, Koh Phaluai remains a low-profile destination as it paves the way for eco-conscious travellers
published : 8 Apr 2021 at 04:00 Scenic view of Ao Song Phi Nong where the ranger s office for Mu Koh Angthong National Marine Park is located. Karnjana Karnjanatawe
A double-decker ferry docked at a pier on the bank of the Don Sak River in Surat Thani s Don Sak district, about a 90-minute drive from Surat Thani Airport. The destination was not world-renowned Koh Samui or Koh Phangan but a smaller more low-profile island named Koh Phaluai.
TRIS Rating affirms the company rating on Raja Ferry Port PLC (RP) at ?BB+?. At the same time, TRIS Rating revises the rating outlook to ?negative?, from ?stable?. The outlook revision reflects our expectation that RP?s operating performance and financial strength will deteriorate materially from the impact of the Coronavirus Disease 2019 (COVID-19) on tourism and economic activities in Koh Samui and Koh Phangan. In addition, we expect RP?s leverage to rise significantly as a result of its fleet maintenance and renewal plan.
The rating continues to reflect RP?s established business position in ferry operations in Surat Thani province, with the operating routes from Don Sak pier to Koh Samui and Koh Phangan. The company is also working on opening new ferry routes to Koh Pha Luay and Koh Tao, emphasizing its ?Island Gateway? strategy. However, the rating is constrained by the company?s small business scale and geographical concentration.