Thailand’s food service sector may see 5.6% loss in revenue this year

23 Sept 05:40 Key points summarised by AI

Thailand's food service sector is projected to face a 5.6% revenue reduction this year, totaling 382-394 billion baht, primarily due to the third wave of COVID-19.
New COVID-19 restrictions in 'deep-red zone' provinces, including Bangkok, prohibit dine-in services and limit operating hours, severely impacting restaurant operations.
Full-service restaurants, especially those in shopping centers and tourist locations, are expected to be hit hardest, potentially experiencing a 12% drop in revenue.
Limited-service restaurants and street food vendors are less affected due to flexible cost structures and diverse distribution channels, with some benefiting from government stimulus schemes.

Suchada: Meet the reluctant star of Thailand’s cryptic crypto drama

Yesterday 15:38 Key points summarised by AI

Thai MP Suchada Zhang Thaensap faces intense scrutiny over her husband’s substantial 1.84 billion baht wealth, with opposition lawmakers alleging connections to international scam networks.
A significant portion of her husband, Taiyang Zhang's, declared assets includes a 1.44 billion baht loan to the now-bankrupt cryptocurrency hedge fund Three Arrows Capital, which still owes him 1.34 billion baht.
Opposition MP Rangsiman Rome accused Suchada's husband of links to online scam networks and gambling sites, prompting Suchada to vehemently deny the claims, demand evidence, and file a defamation complaint.
Taiyang Zhang's background includes co-founding Ren Protocol, later sold to Alameda Research (linked to the FTX collapse), and some of his former associates have been convicted in crypto company failures.
Suchada, a former actress and first-time MP, maintains her husband's innocence, while her party leaders have distanced themselves from the allegations, deeming it a private matter.