by Daryl Lum | Oct 1, 2020 | News
In a bid to draw foreign tourists, Thailand has approved a new Special Tourist Visa. This Special Tourist Visa will allow foreigners to stay in Thailand for 90 days and to extend the visa twice at a cost of 2,000 baht each time. This Special Tourist Visa will become available from October 2020 to September 30 2021.
The Special Tourist Visa was approved in principle by the Thai cabinet on the 15th of September as part of plans to rejuvenate the economy and tourism sector which have been decimated by the Covid-19 pandemic.
Tourists on this Special Tourist Visa will need to receive permission from the Ministry of Foreign Affairs or Centre for Covid-19 Situation Administration (CCSA) operation centres and must travel by charter plane. Before travelling to Thailand, foreign visitors will need to take a Covid-19 test before departing for Thailand. They must also buy Covid-19 health insurance and sign a letter of consent agreeing to comply with the Thai government’s Covid-19 measures. They will still need to be quarantined for 14-days upon arrival although there are discussions to reduce this to 7-days.
About 1,200 Special Tourist Visas are expected to enter Thailand every month bringing in more than 1.03 billion baht. In the one year, this number is likely to reach 14,400, generating about 12.4 billion baht for the Thai economy.
Yours Sincerely,
The Invest Bangkok Property editorial team
by Daryl Lum | Sep 12, 2020 | News
Thailand is planning to reopen its borders to long term foreign visitors by the end of October in a bid to revive its tourism sector and save millions of jobs.
According to Thosaporn Sirisumphand, Thailand’s secretary of the Center for Economic Situation Administration, a plan is to be submitted to the government for approval and it includes allowing foreign visitors to come through Thailand’s international airports provided they do a mandatory 14-day quarantine at the port of entry before they are allowed to travel freely.
Thailand relies heavily on tourism and its economy is facing one of its worst economic contractions as it is expected to shrink by about 8.5% this year. Thailand’s hospitality and tourism sectors are relying on the return of international tourists, which made up about two-thirds of tourist dollars before the pandemic, to help alleviate the situation.
Recently a plan to open up Phuket to foreign tourists was delayed. There is hope that this latest effort will come through.
Yours sincerely,
The editorial team at Invest Bangkok Property
by Daryl Lum | Aug 25, 2020 | Featured Under Construction Projects, Noble Projects
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Noble Nue Ratchada-Lat Phrao by Noble Development
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Noble Nue Ratchada-Lat Phrao by Noble Development
Noble Nue Ratchada-Lat Phrao is a condominium project, developed by Noble Development. The condominium is located close to MRT Lat Phrao and MRT Ratchada which is the intersection of the existing blue MRT line with the upcoming yellow MRT line. Surrounding notable landmarks include the Court of Justice, Bic C, Union Mall, Central Plaza Ladprao and Olympia Thai.
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Nue Noble Ratchada-Lat Phrao Location Map
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Contact us for the updated availability list, pricing and latest discounts
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Visit the Noble Nue Ratchada-Lat Phrao Facebook Page:
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Noble Nue Ratchada-Lat Phrao Review. Attractively Priced Condo Next To An MRT Interchange.
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by Daryl Lum | Aug 20, 2020 | News
Thailand is considering an extension of its state of emergency through September 30th 2020 to prevent a resurgence of a second wave of COVID-19 infections. Thailand has gone almost three months without a local infection.
The one-month extension, if approved by the cabinet, will be the fifth extension since March. The state of emergency allows the government to enforce mandatory quarantine orders and streamline disease-control plans.
Officials in Thailand are wary of the “second wave” of COVID-19 infections that have affected multiple countries across the world. This comes amid an increase in demonstrations against the government in Bangkok. While most of the protestors wear masks, they do not follow physical distancing practices.
Thailand has detected 3,382 infections so far. The emergency decree is focused on avoiding large outbreaks in the kingdom.
Yours sincerely,
The Invest Bangkok Property editorial team
by Daryl Lum | Aug 17, 2020 | News
Thailand’s economy contracted by 12.2% as compared to a year ago. This GDP contraction is the largest since the Asian Financial Crisis more than two decades ago. The contraction, however, was not as severe as the median estimate of a 13% contraction in a Bloomberg survey of economists.
However, the outlook for the Thai economy remains weak as tourism and exports continue to slump from the fallout of the Covid-19 pandemic. This weakness is further compounded by the fact that the Thai Baht has gained more than 6% in the second quarter of 2020, further weakening the demand for Thai exports.
The Thai economic council cut its full-year forecast to 7.3 to 7.8% which is worse than earlier estimates of a 5 to 6% fall.
The government had announced a $60 billion stimulus package to counter the effects of the pandemic on the economy. Exports are expected to fall by 10% this year and second quarter unemployment was at 1.95%, the highest level since 2009 and double the usual rate. Another 1.8 million jobs may still be at risk. The government has already spent over 300 billion baht in cash handouts to keep consumption demand afloat. According to Bloomberg’s economists, tourism, which accounts for about 20% of the Thai economy, is not likely to recover to pre-COVID-19 levels till 2022.
Yours Sincerely,
The Invest Bangkok Property Editorial Team
