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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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…
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Long-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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Thailand’s economic recovery looks set to be delayed further, with many research houses revising down their growth forecasts for this year. The economy contracted 6.1 percent last year amid the…
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The global economy will expand by six percent this year, but disparities between nations are widening as advanced economies accelerate while developing countries fall behind, the IMF said Tuesday. While…
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New York (AFP) – Amazon on Monday denied a report that the e-commerce giant planned to begin accepting Bitcoin payments by the end of this year, but acknowledged an interest in cryptocurrency….
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40 of Thailand’s leading CEOs have called on the government to get the COVID-19 pandemic under control, compensate people who have been adversely impacted by it, boost the economy and…
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Thailand’s household debt, for the first quarter of this year, soared to 14.1 trillion baht, accounting for 90.5% of gross domestic product (GDP), and is increasing due to a fall…
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Thailand is targeting at least one gold medal as 41 Thai athletes launch their campaigns at the Tokyo Olympics, which start on Friday (July 23) under a sealed COVID-19 “bubble”. A Thai…
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SAN RAMON, Calif. (AP) — Netflix reported its worst slowdown in subscriber growth in eight years as people emerge from their pandemic cocoons. So it’s adding a new attraction to…
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Adoption matters most in the cryptocurrency and blockchain industries, while giant techs “of the caliber of Google, Amazon, and Apple” are expected to diversify their assets into cryptocurrency, said Bitkub.com…
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Thailand’s state-owned Government Savings Bank (GSB) will help ease financial the burden for more than 750,000 mostly small debtors, through debt a moratorium scheme, said GSB Director Withai Rattanakorn today…
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Federation of Thai Industries (FTI) chairman Supant Mongkolsuthree has expressed doubt that the Centre for COVID-19 Situation Administration (CCSA)’s decision to tighten lockdown measures in 13 “Dark Red” provinces will…
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Financial misery has engulfed both individuals and small businesses as a result of the economic fallout from the coronavirus pandemic and the lockdowns and restrictions that have accompanied it. SMEs,…
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Famed as Thailand’s top “economics tsar”, former deputy prime minister Somkid Jatusripitak has served both elected governments and a junta regime during his long and colorful career. Somkid, 68, abruptly quit…
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Small and medium-sized businesses in areas of Thailand under semi-lockdown and control measures will be granted a debt and interest moratorium for July and August, as part of a new…
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The Finance Ministry is under pressure to boost tax revenue as Thailand has run fiscal deficits for several years, resulting in high public debt. The COVID-19 crisis has worsened the situation,…
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Malaysian budget carrier AirAsia Group said it will buy Indonesian ride-hailing and payments firm Gojek’s Thailand business in a stock swap, giving Gojek a 4.76% stake in the airline’s lifestyle…
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The world’s employment levels will not return to pre-COVID-19 levels until at least 2023, the Organisation for Co-operation and Economic Development (OECD) said on Wednesday (July 7) as it unveiled…
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The industrial confidence index for June has fallen again for the third consecutive month, to the lowest point of 80.7 in 12 months and from 82.3 in May, according to…
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7,347 people have booked their hotel rooms for stays during July, as part of the Phuket “sandbox” project, which began on July 1st and enables fully vaccinated foreign tourists to…
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Container shipping prices have reached record highs some 18 months after the outbreak of the coronavirus pandemic which disrupted maritime logistics chains and drove demand sky-high. “We are basically running…
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Thailand’s household debt in the first quarter of 2021 increased to 14.13 trillion baht, representing 90.5% of gross domestic product (GDP), compared to 89.4% of GDP for the fourth quarter…
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Thailand’s currency collapsed on July 2, 1997, as market speculation forced the country to abandon its fixed exchange rate and the central bank depleted its coffers to protect the baht….
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A US judge on Monday dismissed the blockbuster antitrust action against Facebook filed last year by federal and state regulators, helping lift the value of the social media giant above…
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Thailand’s Centre for COVID-19 Situation Administration (CCSA) has set aside 7.5 billion baht, from the Social Security Fund and government borrowing, to compensate individuals and businesses affected by the month-long…
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Thais are deeply worried about the government’s plan to reopen the country and resume normal business operations by October, as daily infections and deaths rise again amid a bumpy vaccine…
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One to two billion Baht in revenue will be lost per day, resulting in an economic contraction of about 0.1%-0.3%, amid a new round of COVID-19 restrictions beginning today (Monday)…
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Despite growing public concern over surging COVID-19 infections, the Phuket Sandbox scheme is set to roll out on July 1. From next month, fully vaccinated foreigners are welcome to fly…
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Only about 310,000 Thais have joined the Finance Ministry’s “Ying Chai Ying Dai” (The More You Spend, the More You Get) stimulus scheme, launched on Monday in the hope of…
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The opposition is targeting a “secret budget” worth more than Bt1 billion while vetting the Bt3.1-trillion budget for the 2022 fiscal year. The budget bill passed its first parliamentary reading…
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Dating app Tinder on Tuesday added more ways for people to get to know each other from afar before meeting in a world changed by the pandemic. “People want to…
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Members of Greenpeace Thailand gathered in front of Government House on Tuesday, to present the 400,000 signatures it has gathered in opposition to the government’s plan to join the Comprehensive…
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LONDON/TOKYO (Reuters) – Bitcoin tumbled almost 10% on Monday as recent volatility in the cryptocurrency market showed no signs of dampening down, with market players citing jitters over China‘s expanding crackdown on bitcoin mining in thin liquidity for the…
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Eight airlines have been given slots to fly into Thailand’s southern resort province of Krabi during the cold season, from October 31st to March 26th, said Director-General of Thailand’s Department…
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The global shipping industry is facing a severe labor shortage amid travel restrictions sparked by the COVID-19 surge in India which provides 14.6 percent of international seafarers to the sector,…
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Bangkok street vendors can now enjoy continuing doing their businesses at allocated spots specified by local authorities, after a Bangkok Metropolitan Administration (BMA) committee tasked with maintaining the orderliness of…
Read MorePrime Minister Prayut Chan-o-cha has instructed the Bank of Thailand (BoT) to review the caps on interest rates charged for personal loans, which include credit cards, ready cash cards, vehicle…
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Financially-strapped Thai Airways International (THAI) is seeking 50 billion Baht worth of capital from both the government and private financial institutions to boost its liquidity, so the struggling airline will…
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About 3,000 restaurants in Thailand have applied for loans over the past week, under a new scheme co-initiated by the Commerce Ministry and five state financial institutions, to help struggling…
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