After the recent relaxation of COVID-19 related restrictions, sales have gradually improved in restaurants and other businesses, but they are warning that reintroducing harsh measures or lockdowns could severely affect…
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After the recent relaxation of COVID-19 related restrictions, sales have gradually improved in restaurants and other businesses, but they are warning that reintroducing harsh measures or lockdowns could severely affect…
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HONG KONG (AFP): Asian markets broadly fell in morning trading Monday, tracking uncertainty over the Omicron variant of Covid-19 as well as disappointing US jobs data and the future of…
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Cryptocurrency holders are staring at an uncertain future, as the authorities are at a crossroads on how to regulate the use of digital assets amid their increasing popularity. Investors who…
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Thailand’s anti-CPTPP civil society organizations, claiming to represent 400,000 citizens, issued an open letter today (Thursday), addressed to Prime Minister Prayut Chan-o-cha, urging the government immediately to cease plans to…
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Central Retail Corporation, Thailand’s leading retail conglomerate, has announced the conclusion of a partnership deal with the Thai unit of Singapore-headquartered ride-hailing application Grab, Grab Taxi Holding (Thailand) Company Limited….
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Volatility and security risks mean that Thailand’s Central Bank remains unconvinced about the use of digital assets to purchase goods and services, as many shops have started allowing payment using…
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A hot debate has been raging in Thailand since the recent announcement of the plan to merge True Corporation, a subsidiary of conglomerate Charoen Pokphand Group, and Total Access Communication…
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(Reuters) – Twitter Inc Chief Executive Officer Jack Dorsey is stepping down from his role and Chief Technology Officer Parag Agrawal will now lead the company, the social networking site announced on Monday. The appointment of Agrawal, a 10-year veteran of Twitter, signaled a…
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Thailand’s Centre for COVID-19 Situation Administration (CCSA) decided today (Friday) to extend the country’s State of Emergency until January 31st and to remove the COVID-19 “dark red” zone status, spokesman…
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The proposed merger of telecom giants True Corporation Plc and Total Access Telecommunication Plc (Dtac) has drawn great public interest and sparked a debate on its impact on consumer welfare….
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Deputy Secretary-General of Thailand’s National Broadcasting and Telecommunications Commission (NBTC), Suthisak Tantayothin confirmed that, for the time being, customers of mobile phone services provided by True and Dtac will not be…
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CHICAGO, Nov 23 (Reuters) – Facing scarce year-end inventories and a shortage of workers, retailers are turning “Black Friday” into a month-long event. Walmart, the world’s largest retailer, said on…
Read MoreThe Thailand Consumer Council (TCC) is planning to submit a petition to the country’s telecom regulator against the planned merger between True and Dtac, two of the three major mobile…
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Thailand’s telecom regulator, the National Broadcasting and Telecommunications Commission (NBTC), has voiced concern that the merger of two telecom companies, True and Dtac, may lead to price collusion over service…
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Thailand’s Charoen Pokphand (CP) Group and Norway’s Telenor Group jointly announced an “equal partnership” for the US$ 200-million joint venture, with a focus on tech start-up investment today (Monday). The…
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Representatives of True Corporation and the Total Access Communication Company have been separately invited by the Office of the National Broadcasting and Telecommunications Commission (NBTC), Thailand’s telecom regulator, to clarify…
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The tourism industry is showing initial signs of recovery, but Thailand’s small businesses and households are still struggling to survive as uncertainty about COVID-19 gnaws at the local and global…
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Sanan Angubolkul, president of the Thai Chamber of Commerce, told an economic forum today (Saturday) that five regional chambers of commerce have been developing measures, to be complied into a…
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Norway-based Telenor and Thailand’s Charoen Pokphand Group (CP) are exploring a merger of their telecom units in Thailand, which could result in a new market leader in the country, overtaking…
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For many years, South Korea has been projecting its soft power on the global stage, mainly through successful export of its teledramas, the increasingly popular K-pop music, Korean movies, and…
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Thailand’s private sector is preparing to host the APEC Business Advisory Council in 2022 (ABAC 2022) under the concept of “Embrace, Engage and Enable” and using the traditional “Dok Loi”…
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New York (AFP) – Tesla CEO Elon Musk sold more than $6.9 billion worth of shares in the electric carmaker this week, according to regulatory filings released Friday. The 50-year-old South…
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DETROIT (AP) — After making a promise on Twitter, Tesla CEO Elon Musk has sold about 4.5 million shares of the electric car maker’s stock, raising over $5 billion. The…
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The Thai Ministry of Public Health signed a memorandum of understanding (MOU) today (Thursday) with the RxLeaf World Medica Company, to establish an international medical cannabis research centre, with the…
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The Thai Retailers Association has proposed that the government revive the “Shop Dee Mee Kuen” (shopping with refunds) scheme to encourage consumer spending during the last two months of the…
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The Thai cabinet today approved Thailand’s bid to join ASEAN-Canada FTA talks, in the hope of opening a trade gateway to North America. The cabinet agreed to let Thailand participate…
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The world cryptocurrency market is worth more than $3 trillion for the first time, according to calculations Monday, as mainstream investors increasingly jump on board. The value has reached $3.007 trillion (2.6 trillion euros), said CoinGecko, which tracks prices of more than 10,000…
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Thailand aims to become an international hub for the production and export of herbal products and cannabis/hemp-based medicines, to boost revenues for farmers and the country, said Deputy Government Spokesperson…
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The recent multibillion-baht acquisition of digital exchange Bitkub has stunned Thailand’s finance sector, especially the digital asset market. On November 2, Siam Commercial Bank announced its acquisition of a 51…
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The Thai Food and Drug Administration (TFDA) has approved 218 formulae for cannabis and hemp derived cosmetics, paving the way for their domestic production. Acting Deputy Secretary-General of the TFDA…
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A Thai Real Estate Information Centre’s (REIC) report shows an average of 114,668 second hand dwellings had been listed per month in the second quarter of 2021, along with some…
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Struggling national flag carrier Thai Airways International expects to make a profit in 2024 if the government’s policy of reopening Thailand to foreign arrivals proceeds smoothly, said Piyasvasti Amranand, chairman…
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With an economy almost entirely dependent on the tourist industry, Thailand is today lifting quarantine restrictions and allowing fully vaccinated foreign visitors from 63 countries and territories to enter in…
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Banks and big corporations have seen disruption of their business models, but they have adjusted their operations quickly enough to cope with radical changes in financial services. While Thai consumers…
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Thailand is betting on a future driven by electric vehicles (EVs), while big businesses have laid out ambitious plans to become carbon neutral in the next couple of decades. The…
Read MoreCommercial banks in Thailand have put in place measures to protect their credit and debit card holders from cyber fraudsters who, between October 1st and 17th, stole about 130 million…
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The world’s largest and highest ferris wheel opened to the public in Dubai on Thursday (October 21) with a lavish drone and firework show. Located on the Bluewaters Island, the…
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The level of happiness in Thailand has reduced over the past few years, according to a number of indices and surveys. With the COVID-19 pandemic taking its toll on the…
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Australia delivered a withering denunciation of China’s trade policies Thursday, accusing Beijing of undermining the World Trade Organization and foot-dragging on promised economic reforms. During a usually routine WTO review…
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Oct 19 (Reuters) – The success of the South Korean dystopian drama series “Squid Game” has led investors to bet on Netflix Inc’s plans to explore more international content to…
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Amid the increasing push towards a digital economy, cybersecurity is back in focus after thousands of people fell victim to cyberfraud. At least 40,000 people suffered losses estimated at over…
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BEIJING (Reuters) – China’s economy hit its slowest pace of growth in a year in the third quarter, hurt by power shortages, supply chain bottlenecks and major wobbles in the property market and raising pressure on policymakers…
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Thailand needs to develop its human resources, improve the quality of its education, and get serious about addressing the inequality gap, says economist, Dr. Somjai Phagaphasvivat. He said that dealing…
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State-run banks have rolled out financial measures to help private individuals and businesses affected the current flooding, according to Pornchai Theeravet, director of the Finance Ministry’s Fiscal Policy Office. The…
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LONDON/HONG KONG (Reuters) – Bitcoin hit $60,000 for the first time in six months on Friday, nearing its record high, as traders grew confident that U.S. regulators would approve the launch of an exchange-traded fund…
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Business leaders are expecting an influx of foreign tourists and investors when Thailand reopens its doors to the world on November 1. “Reopening Thailand will open up many opportunities,” said…
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Thailand’s household economy has improved but will remain fragile for the rest of the year, due to a combination of flooding, rising energy prices and uncertainty over the COVID-19 pandemic,…
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Washington (AFP) – The ongoing hit from the Covid-19 pandemic and the failure to distribute vaccines worldwide is worsening the economic divide and darkening prospects for developing nations, the IMF said Tuesday….
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Legalized ride-hailing taxi services, which start next month, will offer more choices, but both consumer satisfaction and drivers’ welfare are dependent on many variable factors in the post-COVID-19 scenario. Technology…
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Thailand’s Multidimensional Poverty Index (MPI) is 0.002, the lowest among all the ASEAN countries, according to a new report released by the United Nations Development Programme (UNDP) and the Oxford…
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Amid a sharp decline in tax collections due to COVID-19, Thailand’s newly levied e-service tax has emerged as a welcome source of revenue for the exchequer. The 7 percent value-added…
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The Thai cabinet has approved the establishment of six special economic promotion zones in the Eastern Economic Corridor (EEC) in eastern Thailand, with the aim of attracting investments of over…
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How can passengers take 10 billion flights a year without contributing to global warming? The question of “greening” the international aviation sector by 2050 constitutes a colossal task whose stakes — and…
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S&P Global Ratings (S&P) has retained Thailand’s sovereign credit rating for 2021 at BBB+, with a stable outlook, as it was last year, according to Government Spokesman Thanakorn Wangboonkongchana. Regarding…
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More than a dozen heads of state and government, from Jordan to Azerbaijan, Kenya and the Czech Republic, have used offshore tax havens to hide assets worth hundreds of millions…
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Thailand’s former finance minister and Kla Party Leader Korn Chatikavanij has strongly advised the Thai government to take precautionary steps to protect against any fallout from China’s Evergrande crisis. In…
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The Thai government plans to promote tourism next year under the new slogan “Visit Thailand 2022, Now Even More Amazing Thailand Has It All”, together with investments as well as…
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Finance Minister Arkhom Termpittayapaisith recently announced that the government needed to increase the public debt ceiling to 70 percent of gross domestic product (GDP) from 60 percent. The remarks came…
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World Bank has slashed Thailand’s gross domestic product (GDP) projection for 2021 to just 1%, from 2.2% originally forecast, due to the impacts of the COVID-19 pandemic, said Mr. Kiatipong…
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Labor experts and investors are throwing their support behind the government’s move to lure one million wealthy expats and highly skilled professionals on long-stay visas, but netizens are worried about…
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Thai exporters cannot continue to rely on the benefits they have been enjoying so far this year, to which a two-digit export growth has been attributed, but will have to…
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The reopening of Bangkok, Chiang Mai, Chonburi, Phetchaburi and Prachuap Khiri Khan, initially scheduled for October 1st in the second phase of opening to fully vaccinated and COVID-negative international arrivals…
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Thailand’s cabinet approved the rollout of the third phase of the 50:50 co-payment scheme and the “Ying Chai Ying Dai” (The More You Spend, the More You Get) program today…
Read MoreLong-staying foreigners can own at most 49% of a condominium building and cannot own land in Thailand, but can rent land on a long-term basis under a special law, such…
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The State Railway of Thailand launched special train services yesterday for anyone, especially fans of K-pop idol Lalisa “Lisa” Manoban, wanting to celebrate the meatball festival in the north-eastern province…
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Thailand’s Ministry of Tourism and Sports is set to launch the third phase of the “Rao Tiew Duay Kan” (We Travel Together) tourism promotion program on September 24th, by enabling…
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BEIJING, Sept 16 (Reuters) – China has filed an application to join the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP), the commerce ministry said, as the world’s second-biggest economy…
Read MoreBangkok will postpone its reopening to fully vaccinated and COVID-negative visitors from abroad, scheduled for October 1st, to October 15th, as the authorities want at least 70% of the city’s…
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Staple vegetables, such as chili, eggplant and cucumber, are now being grown on the roofs, in the tires and in the trunks of abandoned taxis and you probably don’t need…
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Today (Tuesday) Thailand’s cabinet approved, in principle, a measure to attract “high potential” foreigners, including wealthy retirees and specialists, to stay long term in the country in a bid to…
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Bangkok, Chon Buri, Phetchaburi, Prachuap Khiri Khan and Chiang Mai are set to reopen to foreign arrivals on October 1st, following the successful implementation of the first phase of the…
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More Thai people have been travelling to the coastal town of Hua Hin, in Prachuap Khiri Khan province, since the partial easing of COVID-19 restrictions. The proposed reopening to foreign…
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SAN SALVADOR (AP) — El Salvador became the first country to adopt Bitcoin as legal tender Tuesday, but the rollout stumbled in its first hours and President Nayib Bukele said…
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San Salvador (AFP) – El Salvador on Tuesday becomes the first country in the world to accept bitcoin as legal tender, despite widespread domestic skepticism and international warnings of risks for consumers….
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BEIJING (Reuters) – China’s Vice Premier Liu He vowed the government would keep supporting the private sector amid growing concern a regulatory crackdown on a wide range of industries was hurting businesses. Liu said, “guidelines and policies for supporting the private economy have not changed… and will…
Read MoreFollowing in the footsteps of the Phuket “sandbox” scheme, Thailand’s resort town of Hua Hin is seeking to reopen to foreign arrivals on October 1st, with the expectation that as…
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1.6 billion baht has been generated from the “Phuket sandbox” scheme, which began on July 1st, amidst aworsening COVID-19 outbreak on the resort island, where over 200 cases per day…
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The government has started to ease some lockdown restrictions from September 1. Department stores have been allowed to reopen most of their services after being closed for a month. Restaurants…
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BANGKOK (Reuters) – Thailand will start collecting value added tax (VAT) from foreign technology companies and expects to raise at least 5 billion baht ($154.70 million) in additional revenue each…
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The joint committee of Thailand’s three private sector organizations has told the government not to re-impose lockdown restrictions, but to accelerate vaccinations to cover 70% of the country’s population before…
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From the Great Wall to the picturesque Kashmir valley, Asia’s tourist destinations are looking to domestic visitors to get them through the COVID-19 pandemic’s second year. With international travel heavily…
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Thailand’s Ministry of Public Health will seek approval from the Centre for COVID-19 Situation Administration (CCSA), at its meeting this Friday, of guidelines for restaurants and other eateries in COVID-19…
Read MoreHong Kong (AFP) – Bitcoin broke back above $50,000 on Monday for the first time in three months as investors piled back into the cryptocurrency on bargain-buying. The unit climbed around…
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PayPal on Monday said it will this week begin to allow users in Britain to buy, hold and sell cryptocurrency through the online payment platform for the first time. The…
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The Thai economy rebounded in the second quarter, growing by 7.5 percent year on year, after a 12.1 percent contraction during April-June last year. The high economic growth in the second…
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Thai consumer spending in foreign currencies increased 200% during the second quarter year on year, according to a multi-currency wallet platform Youtrip. The data also shows most spending was on…
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Thailand’s longan growers are asking for help from the government after China has temporarily suspended purchases of the sweet and succulent fruit since August 13th, claiming that Thai exports were…
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CLEVELAND (AP) — A major Thai asphalt company has been implicated for money laundering in a criminal complaint against a Miami businessman accused of violating U.S. sanctions for doing maintenance…
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A group of 172 massage parlour and spa operators filed a class action lawsuit with the Civil Court today (Tuesday) against the Finance Ministry and the government, demanding compensation for…
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Many depositors may have to think hard about the safety of their cash deposits in commercial banks after deposit insurance was slashed to a maximum of Bt1 million from Bt5…
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NEW YORK (Reuters) – Drug makers Pfizer Inc, BioNTech and Moderna Inc are expected to reap billions of dollars from COVID–19 booster shots in a market that could rival the $6 billion in annual sales for flu vaccines for years to come, analysts…
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The Thai Hotels Association is urging the government to come up with measures to promote domestic tourism, because it is unsure that the plan, earlier announced by Prime Minister Prayut…
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The baht has seen a steady slide for weeks amid a surge in COVID-19 infections and deaths recently. The baht fell to 33.39 to the US dollar at one point…
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The Thai cabinet, on Tuesday, approved a 33.47 billion baht budget to help about 6.69 million unemployed and freelance workers affected by the government’s partial lockdown restrictions, imposed in the…
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Thailand’s economic think-tank, the Thailand Development Research Institute (TDRI), predicts that the number of unemployed in the kingdom will reach one million by the end of this year, if the…
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Thailand’s “modern trade” confidence index in the second quarter of this year hit the lowest point in the past three years, at 45.3, as retail businesses are being hit hard…
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The Thai cabinet, today (Tuesday) approved the allocation of another 30 billion baht to help businesses and employees in the 16 provinces recently added to the COVID-19 “Dark Red” category…
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The COVID-19 crisis has continued to aggravate in Thailand with new cases rising at an alarming rate, exceeding over 15,000 a day in the last few days. The impact on businesses and people…
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The board of governors of the International Monetary Fund on Monday greenlit increasing the institution’s lending capacity by $650 billion, the last step in approving an initiative to boost aid…
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The Thai capital’s once bustling Chinatown is now uncharacteristically quiet, with many businesses suffering from the impacts of the raging COVID-19 pandemic. The 9pm to 4am curfew in Bangkok and…
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