Bloomberg A vaccine for the novel coronavirus is needed to help reverse a plunge in Thailand’s critical tourism sector, according to the agency that promotes the industry. Visitor numbers are set to tumble 60% to 16 million this year, almost halving foreign tourism income, but those numbers could go even lower as the world waits for an inoculation or if ...

Bloomberg Bill Heinecke thought he’d seen it all in a decades-long career running hotels: the Asian and global financial crises, Sars, and military coups in his adopted home, Thailand. But the current pandemic tops all that, he says. Minor International Pcl, the hospitality group the tycoon founded in Bangkok, has furloughed thousands of workers and temporarily closed a majority of ...

Bloomberg BP Plc confirmed its commitment to completing the sale of its Alaska business to Hilcorp Energy Co, but said financial terms had been adjusted to reflect market conditions. The renegotiation of the deal will come as a relief to the London-based oil major, which is leaning on asset sales to rein in its debt and sustain its dividend amid ...