Thailand’s only exchange-listed school operator will fall short of its target enrollment in the new academic year as the coronavirus crimped foreign recruitment, though SISB Pcl has nearly met its goal by attracting more local students amid travel restrictions.
The company’s five campuses will have about 2,800 students at the start of the upcoming academic year, 3% less than a target of 2,900, said Chief Executive Officer Yew Hock Koh. Still, the tally will be up 6% from last year, with Thais accounting for 85% of students, he said.
“We’ve had some impact on our overseas recruitment plan, especially from China,” Koh said in an interview Friday. “The majority of our students are from the Thai community, which continues to have a lot of potential,” he said, noting that the “number of high-net-worth families continues to increase, boosting the need for international schools.”
SISB, originally called the Singapore International School of Bangkok, uses the curriculum of the city-state because of its reputation in mathematics and science, according to the company’s website. The average annual fee for a student is about 450,000 baht ($14,400), in the medium range compared with other international schools, Koh said.
67,023 in U.S.Most new cases today
-4% Change in MSCI World Index of global stocks since Wuhan lockdown, Jan. 23
-1.204 Change in U.S. treasury bond yield since Wuhan lockdown, Jan. 23
4.4% Global GDP Tracker (annualized), June