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Search Result for “seize assets”

Showing 1 - 10 of 15

BUSINESS

Chiang Mai tourism in flux

Business, Narumon Kasemsuk, Published on 09/02/2026

» Chiang Mai, once dominated by Chinese visitors, has gradually changed as the foreign market diversifies, with more arrivals from South Korea and Japan, as well as a notable resurgence of long‑haul tourists.

BUSINESS

Parties vow to ban sales of cannabis

Business, Narumon Kasemsuk, Published on 15/01/2026

» Three political parties -- the People's Party, Democrat and Pheu Thai -- have pledged to put cannabis back on the narcotics list and allow its use only for approved medical purposes, while operators urged the future administration to eliminate foreign businesses using nominees and unfair competition from illegal businesses.

BUSINESS

Tariff may affect Indian tourism

Business, Narumon Kasemsuk, Published on 04/08/2025

» After securing solid growth from the Indian tourism market in the last two years while Asian markets stagnated, 2025 is an uncertain year for arrivals from the subcontinent as US tariff rates are expected to have an impact.

BUSINESS

AirAsia flights to China face cuts amid sluggish demand

Business, Narumon Kasemsuk, Published on 09/05/2025

» AirAsia is considering reducing flights from Thailand to China by at least 15% to cope with the Chinese market slowdown, while it encourages the Thai government to maximise tax refund privileges for tourists to urgently stimulate spending.

BUSINESS

The lowdown on long-stay visas

Business, Narumon Kasemsuk, Published on 01/03/2025

» Online debate over granting 60-day visa exemptions for tourists has intensified, fuelled by a string of incidents involving condos in Bangkok being illegally rented out on a daily basis, specifically targeting tourists.

BUSINESS

AWC to sink B22bn into sector this year

Business, Narumon Kasemsuk, Published on 28/02/2025

» SET-listed Asset World Corp (AWC) is ramping up new investment to 22 billion baht in the hospitality sector this year to capture the rising tourism wave, starting with 8.7 billion baht to acquire the Le Concorde office and hotel on Ratchadaphisek Road.

BUSINESS

Sluggish spending delays tourism recovery

Business, Narumon Kasemsuk, Published on 04/10/2023

» Despite 20 million foreign arrivals in the first nine months of the year, the tourism index has still plunged below the regular rate as operators witnessed sluggish spending due to global economic concerns and a high level of household debt, according to the Tourism Council of Thailand (TCT).

BUSINESS

TCT unveils rescue plan for unlicensed small hotels

Business, Narumon Kasemsuk, Published on 13/08/2022

» The Tourism Council of Thailand (TCT) has come up with a solution to help cash-strapped unlicensed small hotels whose assets may be confiscated due to excessive banking debts.

BUSINESS

Frasers allocates B10bn to increase industrial space

Business, Narumon Kasemsuk, Published on 25/03/2022

» Frasers Property Industrial (Thailand) or FPIT plans to spend 10 billion baht to increase industrial space from 3 million square metres to 4 million sq m by 2025, with 50% of new development aimed at the "new economy" segment.

BUSINESS

Airlines nearing brink of collapse

Business, Narumon Kasemsuk, Published on 22/07/2021

» Over 20,000 employees from seven airlines are on the verge of losing their jobs if the ban imposed on domestic flights is prolonged to three months without help from the long-awaited 5-billion-baht soft loan from the government, according to the Airlines Association of Thailand (AAT).