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“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 0 a day because the men had nowhere else to go.
All of this has put a damper on one of the world’s most popular party spots.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.