Business

Kasikorn Research Centre adjusts 2020 growth forecast down to -6%

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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July Songkran celebrations a possibility

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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People stand in line to enter the Siam Paragon shopping mall as it reopened after restrictions to halt the spread of the COVID-19 coronavirus were lifted in Bangkok on May 17, 2020.

Seventeen businesses and activities can resume in Bangkok on Monday

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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Passengers wait for their train at a commuter train station at rush hour in Bangkok on May 25, 2020, as Thais continued their return to work following the lifting of restrictions to halt the spread of the COVID-19 coronavirus.

Government’s 400 billion baht in soft loans may save 6 million Thai jobs – NESDB

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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Photo from the Ministry of Transport

Legal technicality forces Pailin to quit THAI board

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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Labour federation opposes proposed rehabilitation scheme for THAI

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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(FILES) In this file photo taken on April 8, 2016 a Thai Airways Boeing 747 plane prepares to land at Changi International Airport in Singapore. – Thailand’s cash-strapped national carrier will look to undergo a restructuring through the kingdom’s bankruptcy court, premier Prayut Chan-O-Cha said May 19, 2020, as the stricken company is battered by the crash in tourism caused by the coronavirus.

Bankruptcy court accepts THAI’s protection petition for consideration

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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File photo

The four men tasked with piloting THAI through bankruptcy restructuring

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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Thai state to provide 3,000 baht cash subsidy to 13 million in a “fragile group”

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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Thai government extends state of emergency until end of June

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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THAI files rehabilitation petition with Central Bankruptcy Court

Beleaguered 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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Transport Ministry backs down over administering THAI rehabilitation plan

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 says virus pushing US ties to brink of ‘Cold War’

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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Passengers attempt to observe social distancing as a preventive measure against the spread of the COVID-19 novel coronavirus as they ride in a BTS commuter train during rush hour in Bangkok on May 8, 2020. (Photo by Mladen ANTONOV / AFP)

Thailand tourism to contract by 1.69 trillion baht this year – Kasikorn Research

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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Hua Hin’s horses for hire to return to beaches next Friday

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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Draft contract for Eastern Airport City and U-Tapao airport projects endorsed

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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Thai central bank cuts policy rate by 25 basis points to 0.50%

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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15 candidate administrators of THAI rehabilitation plan nominated by Transport Ministry

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…

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File photo

Cabinet endorses court-sanctioned rehabilitation scheme for ailing THAI

Thailand’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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THAI union opposes reduction of Finance Ministry’s stake in the ailing airline

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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FILE PHOTO: A man wearing a protective mask walks at a business district amid the coronavirus disease (COVID-19) outbreak in Tokyo, Japan, May 12, 2020. REUTERS/Kim Kyung-Hoon/File Photo

Japan slips into recession, worst yet to come as pandemic wreaks havoc

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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(Photo) Thaiairways.com

Prerequisites for THAI to address ahead of rehabilitation process

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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Court-ordered rehabilitation likely option for debt-laden THAI

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 Thais eligible for the monthly 5,000-baht state subsidy

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-ocha / ©asiatimes.com

PM insists THAI adheres to a viable rehabilitation plan

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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PM calls scrambling for donations at food banks “unacceptable”

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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People eat lunch at a street food restaurant implementing social distancing measures with plastic dividers on the tables after the Thai government relaxed measures to combat the spread of the COVID-19 novel coronavirus, in Bangkok on May 7, 2020. – Thailand began easing restrictions related to the COVID-19 novel coronavirus on May 3 by allowing various businesses to reopen, but warned that the stricter measures would be re-imposed should cases increase again. (Photo by Mladen ANTONOV / AFP)

Thailand sees proliferation of food banks during COVID-19 pandemic

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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Photo: www.facebook.com/aswinkwanmuang

BMA to extend operating hours of Chatuchak market to 7pm

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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International tourists, predominantly Russian nationals, enjoy the beach despite concerns over the spread of the COVID-19 coronavirus and restrictions for travellers at a resort in Phuket on March 20, 2020. (Photo by Mladen ANTONOV / AFP)

Provincial governors ordered to screen everyone arriving from Phuket

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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Bangkok’s famous Chatuchak market to reopen this weekend

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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(FILES) In this file photo taken on August 29, 2018 shows an illustration picture of a toy umbella and coins next to the logo of rental website Airbnb. – Home sharing platform Airbnb on May 5, 2020, announced it will slash one fourth of its workforce — some 1,900 people — as the coronavirus pandemic crushes the travel industry. The cuts are needed for the San Francisco-based company to survive until people start traveling anew, Airbnb co-founder and chief executive Brian Chesky said in a blog post. (Photo by JOEL SAGET / AFP)

Airbnb slashes staff in effort to ride out pandemic

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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People eat their lunch in a food hall implementing social distancing after the Thai government relaxed measures to combat the spread of the COVID-19 novel coronavirus, in Bangkok on May 5, 2020. (Photo by Mladen ANTONOV / AFP)

PM warns businesses to maintain strict social distancing or face closure

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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Large queues form to file claims for 5,000 baht subsidy

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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Medical staff wearing protective clothing conduct test on residents for COVID-19 coronavirus in Benan Setar Hospital, in Thailand’s southern province of Yala due to high incidence of cases in the area. (Photo by Tuwaedaniya MERINGING / AFP)

Yala province awaiting results of tests on 40 possible COVID-19 cases

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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Thai exports to the US are forecast to contract by 9.2% this year

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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BAAC offers 1 year debt moratorium to 3.3 million farmers and farmer’s groups

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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NHSC votes to ban paraquat and chlorpyrifos in Thailand effective June 1st 2020

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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Six types of business and leisure activities to resume on Sunday

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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Photo by Mladen ANTONOV / AFP

COVID-19 causes about one trillion baht in damage to Thai economy

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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File photo / Thailand’s Deputy Prime Minister and Commerce Minister Jurin Laksanawisit.

Covid-19 puts damper on Thailand’s prospects of joining trans-Pacific trade pact

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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Thailand’s Commerce Ministry back-peddles on joining CPTPP

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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Pharmacy Council urges caution over Thailand joining the CPTPP

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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Cr.@prayutofficial

Billionaires dip into deep pockets to fight Covid-19

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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Cabinet approves power bill cuts for 22 million Thai households for 3 months

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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[File Photo]

Thailand’s PM assures no quid pro quo with 20 billionaires

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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City Hall extends liquor sale ban until end of April

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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Un-milled Thai rice fetches highest price in 10 years

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…

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Cr.@prayutofficial

PM reaches out to Thailand’s 20 richest people for help

Thailand’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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TDRI predicts coronavirus may push Thailand’s poor 18.9 million

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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Thai government warned 10 million may lose their jobs in next three months

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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FILE PHOTO: A worker in a face mask walks by trucks parked at an Amazon facility as the global coronavirus outbreak continued in Bethpage on Long Island in New York, U.S., March 17, 2020. REUTERS/Andrew Kelly/File Photo

Amazon stops accepting new online grocery customers amid surging demand

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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A street vendor (L) and a man with a toddler wear face masks as a preventive measure against the COVID-19 coronavirus as they walk along a street in Bangkok on April 2, 2020. (Photo by Romeo GACAD / AFP)

No 24-hour curfew in Thailand yet – government spokeswoman

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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Courtesy: NBT

Thai cabinet announces 1.6 trillion baht third economic stimulus package

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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BMA orders capital’s convenience stores to close from midnight until 5am

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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Public transport to Phuket, Yala, Pattani and Narathiwat suspended until further notice

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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Phuket, Yala, Narathiwat placed on lockdown

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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Phuket headed for a complete lockdown

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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In this March 26, 2020, photo, tourists play on a beach in Phuket, Thailand. Tourists across Asia are finding their dream vacations have turned into travel nightmares as airlines cancel flights and countries close their borders in the fight against the coronavirus pandemic. (AP Photo/Penny Wang)

Phuket lockdown comes into effect at midnight on Sunday

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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A plane carrying the Olympic flame arrives before Olympic Flame Arrival Ceremony at Japan Air Self-Defense Force Matsushima Base in Higashimatsushima in Miyagi Prefecture, north of Tokyo, Friday, March 20, 2020. The Olympic flame from Greece is set to arrive in Japan even as the opening of the the Tokyo Games in four months is in doubt with more voices suggesting the games should to be postponed or canceled because of the worldwide virus pandemic. (AP Photo/Eugene Hoshiko)

Olympics delay a blow for virus-hit Tokyo hotels

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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An Indian health worker speaks next to a banner durign a Corona virus information camp for travellers at an India-Nepal border crossing some 32 kms from Siliguri on January 26, 2020. – Health authorities in Nepal on January 24 confirmed that a student who returned from Wuhan, China tested positive for the new coronavirus, becoming the first South Asian country to report the deadly disease. (Photo by DIPTENDU DUTTA / AFP)

India imposes 21-day lockdown to curb coronavirus

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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Search on for tour bus passengers after three test positive for COVID-19

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…

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[File Photo]

Emergency declared as government rolls out measures to help workers and businesses

The 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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Cr.TDRI

TDRI asks Govt. to support workers and SMEs affected by closures

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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Thailand to launch package to help workers and businesses affected by closures

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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The normally bustling Rajprasong Intersection was almost deserted Sunday morning.

Bangkok wakes up to an unusually quiet Sunday

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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Chiang Mai imposes partial lockdown

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…

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Photo by Mladen ANTONOV / AFP

Bangkok disconnected: Lives unravel as city enters self-quarantine

Prapas 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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Workers cleaning up Morchit 2 bus terminal on Sunday Morning

Covid-19: 5 provinces around Bangkok impose tough measures

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 will suspend operations from March 25th to end of April

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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PM ready to close Thai borders to entry if virus situation worsens to Stage 3

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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File photo from Thai Government

PM appeals for unity to overcome COVID-19, drought and economic crises

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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A trader has his head in his hand on the floor of the New York Stock Exchange, Thursday, March 12, 2020. The stock market had its biggest drop since the Black Monday crash of 1987 as fears of economic fallout from the coronavirus crisis deepened. The Dow industrials plunged more than 2,300 points, or 10%. The vast majority of people recover from the new coronavirus. According to the World Health Organization, most people recover in about two to six weeks, depending on the severity of the illness. (AP Photo/Richard Drew)

Worst day on Wall Street since 1987 as virus fears spread

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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Prosecutors won’t appeal construction tycoon Premchai’s sentence

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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Virus concerns will cut restaurant revenues by about 8% this year – Kasikorn Research Centre

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 slashes Thailand’s GDP forecast for 2020 to 0.8%

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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Cabinet to consider four energy-related measures to ease economic hardship

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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(Photo) Facebook/Finance Minister Uttama Savanayana

Economic ministers approve new stimulus package

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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Crowds snap up Internal Trade Department bargain face masks

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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OPEC to try to stem oil price plunge amid coronavirus slowdown

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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Finance Ministry to adjust growth rate in April in light of virus outbreak

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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Bidding reaches over 100 billion baht in auctions for Thailand’s 5G spectrum

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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“Dream Town”, a mix of tradition and modern technology, in Hangzhou is designed to rival the US Silicon Valley.

China and its hi-tech showcases

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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FILE – In this Jan. 29, 2020, file photo, a shopper walks in a street market aimed for Chinese tourists in Bangkok, Thailand. The outbreak of new virus centered on the Chinese city of Wuhan is giving global business chills. Thailand’s central bank cut its benchmark interest rate to 1% from 1.25% on Wednesday to help the economy weather a series of setbacks, most lately the virus outbreak in China that has devastated its tourism sector. (AP Photo/Gemunu Amarasinghe, File)

Asian economies cut rates, move to blunt impact of virus

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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Britain’s Foreign Secretary Dominic Raab, left, and Australian Foreign Minister Marise Payne pose for photographs ahead of a bilateral meeting at Parliament House in Canberra, Thursday, Feb. 6, 2020. (Lukas Coch/Pool Photo via AP)

UK and Australia commit to free trade negotiations

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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File photo

Central bank cuts policy rate to 1% – the lowest in two decades

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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No raw materials from China forces closure of Kanchanaburi factory – 500 jobless

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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Affected tour operators see priority in Thai-Chinese relations

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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Government mulls new economic stimuli to be rolled out in February

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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Industrial confidence index falls to 91.7 in December

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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China reports new virus cases, raising concern globally before key holiday

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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A farmer examines his melon plants

Thailand’s “agriculture 4.0” – a dream come true?

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 rush to buy gold due to intensifying US-Iran situation

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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Energy Ministry opens ‘war room’ to handle possible oil supply disruptions

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….

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Export targets for 2020 to be proposed to Public-Private Sectors Committee

The 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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Photo : https://thaipublica.org

Central bank plays down baht appreciation to under ฿30 to US$1

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…

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Why Halal has become big business

Many 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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©Waranont (Joe)

How Thai economy will perform next year

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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Digitalization prompts Thai commercial banks to remodel their business

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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Popular Hua Hin shopping village to close next month

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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