Thailand’s GDP for the whole of 2020 is forecast to contract by as much as 6%, instead of 5% as previously projected, according to the Kasikorn Research Centre (KRC). Ms….
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Thailand’s GDP for the whole of 2020 is forecast to contract by as much as 6%, instead of 5% as previously projected, according to the Kasikorn Research Centre (KRC). Ms….
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Thai people may, belatedly, be able to celebrate the traditional Thai New Year, or Songkran, in July if the third phase of the easing of lockdown restrictions this month goes…
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The Communicable Disease Committee of Bangkok and the Bangkok Metropolitan Administration (BMA) have identified 17 business and leisure activities which can resume tomorrow, in the third phase lockdown easing. They…
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Only about a quarter of the 8.4 million Thai workers at risk of losing their jobs, due to COVID-19 related closures, are now expected to be made redundant, thanks to…
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Former PTT Plc President and CEO Pailin Chuchottaworn has resigned from the board of Thai Airways International, just one day after his appointment took effect, due to a legal technicality….
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Thailand’s Federation of State Enterprise Labour Relations, the umbrella organization of state enterprise unions, has voiced its strong objection to a court-sanctioned rehabilitation scheme for Thai Airways International, saying that…
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Thailand’s Central Bankruptcy Court today has accepted Thai Airways International’s bankruptcy protection petition for consideration and set the first hearing for August 17th. The court’s decision to accept the…
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Hope for Thailand’s ailing national airline now rests on the shoulders of four new board members, who have been tasked with the tough job of cleaning up and preparing the…
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Citing health security, the Thai Cabinet today approved the CCSA’s proposal for an extension to the nation-wide state of emergency for another month, to the end of June. Government spokesperson…
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Citing health security, the Thai Cabinet today approved the CCSA’s proposal for an extension to the nation-wide state of emergency for another month, to the end of June. Government spokesperson…
Read MoreBeleaguered Thai Airways International today (Tuesday) filed a bankruptcy protection petition with the Central Bankruptcy Court in Bangkok. The move followed the Finance Ministry’s sale of 3% of its shares…
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The Ministry of Transport has backed down over its demand to have a role in the administration of the court-sanctioned rehabilitation plan for Thai Airways International, now that the ailing…
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China said Sunday that relations with the United States were “on the brink of a new Cold War”, fuelled in part by tensions over the coronavirus pandemic, as Muslims around…
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The Thai tourism sector is forecast to suffer a revenue reduction, estimated at 1.69 trillion baht this year, due to the COVID-10 pandemic and the weak purchasing power of tourists,…
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Life is gradually returning to Thailand’s Hua Hin seaside resort, after Prachuap Khiri Khan provincial administration eased lockdown restrictions on May 18th, allowing hotels, food shops, shopping malls, department stores,…
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Thailand’s Eastern Economic Corridor (EEC) Policy Committee today approved the draft joint venture contract for the development of the 290-billion baht Eastern Airport City and U-Tapao airport project. The project…
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The Monetary Policy Committee (MPC) of the Bank of Thailand has cut the benchmark interest rate by 25 basis points, to a new record low of 0.50%, with immediate effect….
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The Transport Ministry has nominated 15 candidates for administrator, of the rehabilitation plan for ailing Thai Airways International, to Prime Minister Prayut Chan-o-cha for consideration. Transport Minister Saksayam Chidchob said…
Read MoreThailand’s cabinet has decided to let financially-strapped Thai Airways International enter a court-sanctioned rehabilitation scheme, under the Thai bankruptcy laws. Speaking at a news conference today (Tuesday), Prime Minister Prayut…
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The labour union of Thai Airways International has voiced objection to any plan to reduce the Finance Ministry’s stake in the national flag carrier. The Ministry is the major shareholder…
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TOKYO (Reuters) – Japan’s economy slipped into recession for the first time in 4-1/2 years, GDP data showed on Monday, putting the nation on course for its deepest postwar slump…
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Although it is likely that struggling Thai Airways International will have to apply for a court-sanctioned rehabilitation programme, under the country’s bankruptcy law, there are a number of prerequisites to…
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After years of heavy losses, Thailand’s struggling national airline is making headlines with its last-ditch attempt to survive a spiralling financial crisis fuelled by the global coronavirus pandemic. Thai Airways…
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14.5 million Thai citizens have passed the eligibility screening for the three month 5,000 baht state subsidy. Mr. Lawan Saengsanit, director of the Fiscal Policy Office and spokesman of the…
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Prime Minister Prayut Chan-o-cha said today that the only way for Thai Airways International (THAI) to survive its financial crisis is to enter and stick to an effective rehabilitation program,…
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Prime Minister Prayut Chan-o-cha said today that people scrambling for donated items at food banks must stop, describing it as totally unacceptable. The Prime Minister, however, thanked donors for establishing…
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Food banks have become a new fad, in the wake of the COVID-19 pandemic, where anonymous philanthropic people, who want to help their fellow countrymen affected by business closures, can…
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The Bangkok Metropolitan Administration (BMA) will extend the operating hours of Chatuchak weekend market, from 6pm to 7pm, to accommodate shoppers who prefer to visit the market in the evening,…
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All Thailand’s provincial governors have been instructed, by the country’s Interior Ministry, to screen everyone arriving from the southern resort province of Phuket and to quarantine anyone suspected of being…
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The Chatuchak weekend market, popular with both Thai and foreign tourists, will reopen this weekend, but visitors will be required to observe physical distancing and wear face masks. Mrs. Walaya…
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Home-sharing platform Airbnb said Tuesday it will slash one fourth of its workforce — some 1,900 people — as the coronavirus pandemic crushes the travel industry. The cuts are needed…
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Thailand’s Prime Minister Prayut Chan-o-cha has warned stores that they must observe the rules on maintaining strict physical distancing between their customers, or they may be closed down again. The…
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Hundreds of people gathered at the Public Relations Department (PRD) this morning (Tuesday) to file petitions to receive the 5,000 baht/month cash subsidy, promised by the Thai government, after they…
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A second set of swabs, taken from 40 asymptomatic in-patients at a hospital in Thailand’s Yala province, have been sent to a laboratory in Songkhla for analysis. This comes after…
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Thailand’s exports to US market are forecast to contract by as much as 9.2% this year, due to the COVID-19 pandemic in the United States and the GSP privilege removal…
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Thailand’s state-run Bank of Agriculture and Agricultural Co-operatives (BAAC) has agreed to grant a one-year debt moratorium to 3.3 million farmers, farmer’s groups, agricultural cooperatives and village funds from April….
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Thailand’s National Hazardous Substances Committee (NHSC) today (Thursday) voted not to postpone the June 1st deadline for the ban two toxic weed killers, paraquat and chlorpyrifos. Twenty-four of the 28…
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From this Sunday, six types of businesses and recreational activities will be allowed to reopen in Thailand, but on a limited scale, as the CCSA gradually eases COVID-19 lockdown restrictions….
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The overall damage Thailand’s national economy, caused by the COVID-19 pandemic, is currently estimated at about one trillion baht, while business confidence for the first quarter of this year has…
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Thailand’s chance of joining the trans-Pacific trade bloc is now very slim after strong opposition has prompted the withdrawal of a proposal to apply for membership. Given the ongoing Covid-19…
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Under pressure pharmaceutical and agricultural groups, the Thai Commerce Ministry has withdrawn its cabinet proposal recommending that Thailand should join the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP). Deputy…
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The Pharmacy Council of Thailand (PCT) has urged the Government not to rush into joining the Comprehensive and Progressive Agreement for Trans-Pacific Partnership, or CPTPP, fearing that early entry, without…
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As Covid-19 infections and fatalities continue to rise across the world, many billionaires are stepping up to help ease the blow for the poorest people while also fighting back against…
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The cabinet has approved an Energy Ministry proposal for the Government to help shoulder the electricity bills of 22 million households for three months, back dated to March, to cushion…
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Prime Minister Prayut Chan-o-cha gave his assurance today that the Government has no intention whatsoever of begging for or borrowing money from the country’s 20 richest people, after he invited…
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The Bangkok Metropolitan Administration (BMA) has extended the ban on the wholesale and retail sale of liquor, from April 20th until end of the month, in line with the ban…
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The price of un-milled Thai rice, for the 2019-2020 crop year, has increased to between 10,800 and 11,000 baht per tonne, which is the highest in about a decade. The…
Read MoreThailand’s Prime Minister Prayut Chan-o-cha has appealed to Thailand’s 20 richest people for help by asking them to join the Government in steering the country through the crisis caused by…
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A researcher at Thailand’s economic think-tank, the Thailand Development Research Institute (TDRI), has predicted that the number of poor people in Thailand might grow three-fold to about 18.9 million if…
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As many as ten million workers in Thailand may lose their jobs in the next three months, if the COVID-19 pandemic drags on and if the Government does not provide…
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Many shoppers recently seeking to purchase groceries from the Seattle-based e-commerce company found they could not place orders due to a lack of available delivery slots. Amazon said it would have to relegate…
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The Government is yet to decide whether a 24-hour curfew is necessary, government spokeswoman Mrs. Narumon Pinyosinwat said today, as she tried to allay public fears about the extension of…
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Thailand’s cabinet has approved a third economic package, estimated to cost about 10% of the country’s GDP, or 1.6 trillion baht, to help those who did not benefit from the…
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The Bangkok Metropolitan Administration (BMA) has reduced the opening hours of convenience stores, food shops and stalls by ordering them to close from midnight to 5am, from Thursday until end…
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Thailand’s Land Transport Department has suspended, until further notice, all public transport to Phuket, Yala, Pattani and Narathiwat, following reports of the rapid spread of COVID-19. The department’s director-general, Mr….
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Three southern provinces of Phuket, Yala and Narathiwat have been placed on lockdown in a bid to curb the coronavirus pandemic. Land traffic in an out of these provinces are…
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The tourist island of Phuket is headed for a complete lockdown as its airport will be closed to all traffic starting April 10, according to an order of Governor Pakkapong…
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Citing the worsening COVID-19 situation in Phuket province, Governor Pakkapong Thaveewat has imposed a lockdown of the popular resorting island, prohibiting all land and sea access to and from the…
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The shock postponement of the Tokyo 2020 Olympics has dealt a savage blow to Japan’s hotels and tourism industry, already reeling from the impact of the coronavirus pandemic. Many operators…
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NEW DELHI (AP) — India will begin the world’s largest lockdown on Wednesday, Prime Minister Narendra Modi announced in a TV address, warning citizens to stay inside or risk inviting…
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Officials, in Thailand’s northern province of Chiang Rai, have been trying to track down passengers from a VIP tour bus, which travelled from Bangkok to the Chiang Saen district of…
Read MoreThe Thai government has declared a nationwide state of emergency in a stepped- up effort to stem the spread of COVID-19, which has so far affected 827 people and killed…
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Thailand’s economic think-tank, the Thailand Development Research Institute (TDRI), has proposed the Government directly help workers and their families and small enterprises affected by the closures, imposed by the authorities,…
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The cabinet is expected to roll out a package of measures to help people and businesses affected by the temporary closure of retail and other businesses in Bangkok and other…
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It’s a Sunday like no other Sundays for Bangkok, usually one of the busiest cities in the world. As the new series of measures designed to combat the ravaging coronavirus…
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Thailand’s norther city of Chiang Mai is to impose strict measures to limit gatherings of people in venues deemed at high risk of enabling the further spread of COVID-19. From…
Read MorePrapas Thongsuk was desperate to hug his daughter when she landed at Suvarnabhumi Airport late on Friday, but all he could do was sigh with relief to see his daughter…
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Bangkok’s five neighbouring provinces of Nonthaburi, Nakhon Pathom, Pathum Thani, Samut Prakan and Samut Sakhon have imposed drastic measures to deal with the coronavirus pandemic by closing a range of…
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Thai Lion Air has notified the Civil Aviation Authority of Thailand that it will temporarily suspend operations, for both domestic and international flights, effective March 25th, until the COVID-19 outbreak…
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Former Deputy Commerce minister Banyin Tangpakorn was sentenced to eight years in prison on Friday, after the Bangkok South Criminal Court found him guilty of falsifying documents and using them…
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Thailand’s Prime Minister Prayut Chan-o-cha said today that his government is ready to close the country’s borders to all foreign arrivals, if the COVID-19 pandemic worsens to Stage 3. The…
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Prime Minister Prayut Chan-ocha has appealed to the public to unite and join the Government in its attempts to overcome the scourges of COVID-19, drought and slowing economy. In his…
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NEW YORK (AP) — The escalating coronavirus emergency sent the stock market Thursday into its worst slide since the Black Monday crash of 1987, extending a sell-off that has now…
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The public prosecutors have agreed not to appeal the verdict of the Appeals Court against construction tycoon Premchai Karnasuta, in connection with the illegal hunting of a black leopard and…
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Public concern over COVID-19 is expected to slash the revenues of the restaurant sector this year by 25.6-36.5 billion baht to between 402 and 412 billion baht, according to Kasikorn…
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TISCO’s Centre of Economic and Strategic Analysis has slashed Thailand’s GDP projection for this year from 1.7% to 0.8% – the lowest since 2009. The Centre’s economic research chief, Mr….
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The cabinet is to consider four measures, proposed by the Energy Ministry, to help low-income earners, small and medium-sized enterprises weather economic hardship, weighed down by COVID-19. Endorsed by the…
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Thailand’s economic ministers approved the Finance Ministry’s economic stimulus package today. The measures include a 1,000 baht cash handout for two consecutive months, to be wired directly into the bank…
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The Internal Trade Department’s mobile retail outlets, offering face masks at bargain prices, were overwhelmed with customers who formed long lines at each of the 21 locations in Bangkok where…
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The OPEC club of oil-producing countries meets Thursday in Vienna as they weigh how to react to a sharp drop in global oil demand due to the outbreak of the…
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Thailand’s Finance Ministry will adjust the country’s growth rate projection for 2020 in April in the wake of several negative factors, including COVID-19 outbreaks in several countries, which have started…
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Thailand’s telecom regulator, the National Broadcasting and Telecommunications Commission (NBTC), raked in over 100 billion baht from its auctions today of 48 licenses for 5G frequencies in the 700MHz, 2600MHz…
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The current coronavirus outbreak which has claimed more than 1,300 lives in China so far has certainly diverted attention from what Beijing wants the world to appreciate – the advances…
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BANGKOK (AP) — Central banks in the Philippines and Thailand have cut their benchmark interest rates as China’s neighbors seek ways to soften the impact of measures to contain a…
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CANBERRA, Australia (AP) — British Foreign Secretary Dominic Raab made his first overseas trip since Brexit on Thursday to faraway Australia, where he reaffirmed Britain’s desire for a free trade…
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The Monetary Policy Committee of the Bank of Thailand has voted unanimously to cut the policy rate by 25 basis points to 1%, which is the lowest in 20 years….
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About 500 employees of a company in Thailand’s western province of Kanchanaburi were abruptly notified by the management on Friday that they are being laid off, due to a shortage…
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Though a drastic drop in Chinese tourists to Thailand as a result of the coronavirus outbreak means a fall in tourism revenue, long-term relationship between Thailand and China is more…
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The Thai Government is set to roll out a new economic stimulus package, including another phase of the Chim-Shop-Chai (Eat-Shop-Spend) program, to stimulate domestic spending and investment by businesses in…
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The Industrial confidence index for December 2019 dropped to 91.7, from 92.3 the previous month, due to industrial operators’ concerns over domestic purchasing power and this year’s drought, which is…
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BEIJING (Reuters) – China reported four more cases of pneumonia believed to be caused by a new coronavirus strain, causing rising concern globally that a disease health officials do not…
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Suwit Traichok, a 60-year-old melon producer, was the pioneer of Thailand’s young smart farmers. Despite having a promising career and a decent salary in a well-established organization, Thai Airways International,…
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Investors are buying gold in short-term speculation that gold prices will rise further, due to the escalation of tensions between Iran and the United States, following the killing of General…
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Thailand’s Ministry of Energy has opened a ‘war room’ ahead of any escalation in tensions between the US and Iran, which may impact Thailand’s oil imports from the Middle East….
Read MoreThe Office of Trade Policy and Strategy is will propose, to the Joint Public-Private Sectors Committee in mid-January, export value targets for this year in order to achieve the economic growth…
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The Bank of Thailand has played down the steady appreciation of the Thai baht currency, which strengthened to under ฿30 against the US greenback on Monday. Mr. Methi Supapong, the…
Read MoreMany people think that Halal are Islamic requirements related to food, but Halal covers much more than that. Halal products are in very high demand worldwide, including cosmetics, pharmaceuticals, and…
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Thailand’s economy is likely to increase around 2.7-3.0 percent, according to the predictions by several economic institutions. The limited expansion is a result of negative effect from the weaker global…
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Once dubbed as a sleeping partner, Thai commercial banks are set to experience numerous challenges next year. Apart from the slower economy, an entry of digital technology has prompted Thai…
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The final curtain will come down on Ploen Wan, one of Hua Hin’s most popular tourist attractions, at the end of this January due to financial difficulties. Tenants of the 50s-era…
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