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Thailand Plans 'Pawn Shop' Style Rescue for Hotels Hit by Covid


Thailand Plans ‘Pawn Shop’ Style Rescue for Hotels Hit by Covid
Bloomberg
3/11/2021
Anuchit Nguyen and Suttinee Yuvejwattana
(Bloomberg) Thailand is finalizing a rescue plan for tourism-related businesses near collapse from the pandemic that would improve their access to credit from banks wary of further bad loans.
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The Finance Ministry, Bank of Thailand and commercial banks are working on a plan allowing cash-poor companies to temporarily park their assets with lenders in exchange for credit, and reclaim them within a specified period. The aim is to keep small businesses such as hotel operators from having to liquidate distressed assets at firesale prices or go out of business because of their debts. ....

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Thailand Reopening Looks More Promising After Virus Wave Tamed


Push to End Tourist Quarantines in Thailand as Shots Rolled Out
Bloomberg
3/4/2021
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One of the most tourism-dependent countries in the world, Thailand is eyeing plans for vaccine passports and quarantine waivers as the global Covid-19 inoculation drive gathers pace.
Prime Minister Prayuth Chan-Ocha this week ordered officials to look into vaccine certificates for international travel after signaling the nation famed for its palm-fringed beaches, temples and backpacker culture is open to scrapping the two-week quarantine for inoculated visitors. The local tourism industry wants mandatory quarantines to be lifted from as early as July 1 so it can open to potentially millions of vaccinated tourists. ....

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