Can the Thai economy handle a year of mourning?

20161018_king_silom complex

A portrait of the late King Bhumibol Adulyadej hangs above the main entrance to a shopping mall in the central business district on Oct.14.

YUKAKO ONO, Nikkei staff writer

BANGKOK -- The abnormally quiet weekend at bars, cinemas and golf courses following the death of King Bhumibol Adulyadej on Oct. 13 hints at hard times for the recovering Thai economy.

Many Thais are putting off weddings, vacations and other "joyful events" as the country begins a one-year period of mourning. This is in addition to a 30-day ban on "entertainment" that has forced infamous bar districts, like Bangkok's Soi Cowboy, to pull down their shutters out of respect for the late king. Although some bars have resumed operations with workers dressed all in black, the nighttime landscape of the capital remains dramatically quiet.

Sponsored Content

About Sponsored ContentThis content was commissioned by Nikkei's Global Business Bureau.