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Search Result for “tourism and sports ministry”

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BUSINESS

Hotels slash rates to lure Songkran market

Business, Narumon Kasemsuk, Published on 24/03/2026

» Concerned by a nosedive in European arrivals and low confidence due to fuel shortages among local travellers, hotel operators have started to offer discounts of 20-40% to attract tourists during the upcoming Songkran holiday.

BUSINESS

Authorities in talks on US tariffs and finalising FTAs

Business, Somhatai Mosika, Published on 24/03/2026

» The Thai authorities are actively engaged in negotiations with the United States regarding tariffs and the ongoing Section 301 investigation, while also aiming to finalise free trade agreements (FTAs) with key trade partners such as the European Union by the end of this year, according to the Department of Trade Negotiations (DTN).

BUSINESS

Minor banking on asset‑light model

Business, Kanana Katharangsiporn, Published on 24/03/2026

» Minor Hotels, a subsidiary of SET-listed Minor International, plans to rebalance its investment‑heavy portfolio to a 50:50 mix from two‑thirds by prioritising asset‑light and franchise models, aiming to accelerate growth while maintaining selective investments.

BUSINESS

Tris says war poses downside risks to growth

Business, Nuntawun Polkuamdee, Published on 24/03/2026

» Thailand's economic outlook for 2026 is facing growing downside risks as escalating tensions in the Middle East, particularly disruptions in the Strait of Hormuz, threaten global oil supply and domestic stability, according to Tris Rating.

BUSINESS

AI race spurs digital self-reliance push

Business, Suchit Leesa-nguansuk, Published on 23/03/2026

» The issue of sovereign artificial intelligence (AI) is emerging as a strategic priority for governments and enterprises worldwide, as countries seek greater control over critical digital infrastructure, data and computing capabilities.

BUSINESS

Fuel panic spreads as pumps run dry

Business, Somruedi Banchongduang, Wichit Chantanusornsiri and Kuakul Mornkum, Published on 23/03/2026

» Long queues at petrol stations across Thailand and "out of fuel" signs for diesel, the backbone of the transport sector, have raised public concern over the past week about the country's ability to manage energy reserves.

BUSINESS

Ministry eyes oil excise tax trims

Business, Wichit Chantanusornsiri, Published on 23/03/2026

» The Finance Ministry is weighing the extent of potential oil tax cuts to keep retail fuel prices at a level the economy can absorb, while also avoiding excessive impact on government revenue.

BUSINESS

Bigger role planned for SMEs in supply chains

Business, Wichit Chantanusornsiri, Published on 21/03/2026

» The Finance Ministry is preparing tax reduction measures for large businesses that help bring small and medium-sized enterprises (SMEs) into their supply chains, in a bid to help upgrade local SMEs.

BUSINESS

Tourism groups eye B15bn stimulus

Business, Narumon Kasemsuk, Published on 21/03/2026

» Seven tourism associations under the Federation of Thai Tourism Associations (Fetta) have called for stimulus projects worth a combined 15 billion baht, including cash handouts to local tourists, to prevent an industry downturn due to the Gulf war.

BUSINESS

Energy woes dent Songkran travel sentiment

Business, Molpasorn Shoowong, Published on 20/03/2026

» Tourism operators are increasingly concerned about declining energy confidence, fearing it could dampen their high expectations for the upcoming Songkran holiday.