The economy of Thailand is expected to face greater risks next year due to higher fiscal and monetary stimulus constraints, says Standard Chartered Bank. In view of this, GDP is expected to expand by 3.1 percent this year but will tumble to 2.5 percent growth in 2022. This prediction contrasts with other research houses and the Bank of Thailand’s assessments. …

Phuket was forced to take a harsh lesson on board: that it shouldn’t have clung to tourism as its single , powerful cash cow. The country may have succeeded in flattening the Covid-19 curve but the economic curve risks freefall. Tourism was one of the hardest-hit industries, and Phuket companies, dependent almost entirely on international arrivals, were afraid to estimate …