Although the government made it clear that visitors should continue with their travel plans — as long as they try to dress and act respectfully — bars and restaurants have since been closed, loud music avoided and alcohol sometimes difficult to come by.All of this has put a damper on one of the world’s most popular party spots.“If I wasn’t already committed Friday night I would have picked up and gone to Laos or Cambodia.
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While 1H17 saw results dipping by 2% y-o-y, we believe 2H17 could turn in a better y-o-y performance on the back of tighter cost control.
In addition, the expectations of excise tax increase could lead to distributors and agents stocking up, thus spurring sales in 4Q17F.
“They’re waiting for the good times to come back,” Chanhom said.
Another sex worker plying her trade on the same street Sunday said she had doubled her business to more than $200 a day because the men had nowhere else to go.
Workers worry about lost wages and tour companies and airlines about declining business — although most experts think the impact on tourism will be modest in the long term.
The V8 Diner in the Sukhumvit area of Bangkok was closed for two days and reopened Sunday, for example, losing about ,800 of business in the process.
“Having lived here for over 16 years, I have seen a number of dramatic events, including royal deaths, natural disasters and epidemics.
In each case, Thai pragmatism, and sense of duty, prevails, and the nation normalizes very quickly.” David Scowsill, president and chief operating officer of the World Travel and Tourism Council, said the succession of the king’s heir, Crown Prince Vajiralongkorn, will bring a “calm transition” to the country.
As near as anybody could remember, the place had been open nightly since a retired U. Many of the sex workers wore black clothes in honor of the late monarch, as their countrymen had been asked to do.
One, Chanhom Srikaew, 40, said that many foreign travelers had left Bangkok after the go-go bars were shut and headed to the beach or other Southeast Asian countries.
Since last year, we highlighted our thoughts that FNN is likely to be the regional expansion vehicle for Thai Bev (ex-Spirits) and an outright swap with TCC Assets for a higher stake in FNN using Frasers Centrepoint Ltd (FCL) shares is unlikely. Margin expansion from excise tax increase, market share gains in beer and non-alcoholic beverages, faster turnaround in non-alcoholic beverages, corporate restructuring – monetisation/partial divestment of FCL’s stake. A prolonged slump in the Thai economy could impact consumption, and hence our forecasts.