Financially-strapped Thai Airways International is to auction off 34 aircraft, with an average age of about 20 years, to anyone who is interested. The aircraft include the Airbus A340-500 and…
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Financially-strapped Thai Airways International is to auction off 34 aircraft, with an average age of about 20 years, to anyone who is interested. The aircraft include the Airbus A340-500 and…
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Thai Airways International is planning a special flight for people to make merit at numerous temples on November 30th, without actually visiting the temples, in an attempt to boost tourism….
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The State Railways of Thailand (SRT) signed a 50-billion baht contract, with China Railway International Company Limited, today for the installation of rail, electrical systems and procurement of train carriages…
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The International Monetary Fund (IMF) has adjusted Thailand’s GDP growth forecast, from -7.7% to -7.1% for 2020. This is an indication that the Thai economy is recovering after the Government…
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The Organization for Economic Co-operation and Development, or OECD, has published its assessment of the Thai economy, saying that the pandemic has interrupted Thailand’s socioeconomic progress. In its recent 163-page…
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Two companies in Thailand’s northern province of Chiang Rai have recently won Gold Prizes for their two tea products at the World Green Tea Competition 2020, held in Shizuoka prefecture…
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Two senior engineers, working for Thailand’s Energy Business Department, have been arrested at their office by anti-corruption officials for allegedly demanding bribes from an oil business related company, to facilitate…
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The coronavirus pandemic has triggered an economic recession, with no sign of recovery in the near future. By the end of this year approximately 3-4 million people will be unemployed,…
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Thailand’s Anti-Money Laundering Office (AMLO) is in the process of verifying a report, by the International Consortium of Investigative Journalists (ICIJ), that four Thai banks have been involved in suspicious…
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Thailand’s Energy Policy Committee (EPC) has decided to freeze the retail price of liquefied petroleum gas (LPG) for household use for three months, in order to ease the financial burden…
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Thailand is preparing to welcome back foreign tourists – at least, those with deep pockets – from next month, with a strategy that seeks to restore its battered tourism sector…
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The Thai cabinet has approved, in principle, the guidelines of the Ministry of Tourism and Sports to be used to open Thailand to long-stay foreign tourists, in a bid to…
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A subcommittee, of Thailand’s Senate Committee on Social Development and Affairs of Children, Youth, Women, Elderly People and Under-privileged people, has proposed a rethink and delay of a plan to…
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Thailand’s Central Bankruptcy Court, this morning (Monday), approved Thai Airways International Public Company’s (THAI) debt rehabilitation filing and its rehabilitation planners. In approving the debt-stricken national flag carrier’s rehabilitation filing,…
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All government units have been told, by the Budget Bureau, that disbursement of funds from the 2021 fiscal year budget will be delayed until after October 1st, the first day…
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Thailand’s Centre for COVID-19 Situation Administration (CCSA) has approved a new 45 billion baht stimulus package, for distribution to 15 million Thai adults to spend with independent vendors, small retailers,…
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Thailand’s Department of Rail Transport has decided to ease social distancing measures, when travelling on all public rail transport systems, by allowing the occupancy of all seats, but passengers must…
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Seven of Thailand’s domestic low-cost airlines have been promised a new lease of life, after Prime Minister Prayut Chan-o-cha agreed to help, starting with the injection of 24 billion baht…
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CHICAGO (Reuters) – American Airlines said on Tuesday its workforce will shrink by 40,000, including 19,000 involuntary cuts, in October as the COVID-19 pandemic continues to weigh on air travel,…
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The COVID-19 pandemic has prompted more Thai people to put their savings in banks, increasing the number of bank depositors covered by the Deposit Protection Agency (DPA), for the first…
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The Thai cabinet today decided to retain the 7% value-added tax rate for all trade transactions, services and imports subject to VAT until the end of September next year. Finance…
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Compared to the same period last year, Thailand’s exports for the month of July dropped 11.37%, to US$18.8 billion, while imports fell 26.38%, to US$15.47 billion, according to Pimchanok Wornkhorporn,…
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The Cabinet approved the Finance Ministry’s proposal today to roll out about 114 billion baht in soft loans and credit guarantees, to help small and medium-sized enterprises (SMEs), as well…
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A lawyer for some of Thai Airways International’s creditors has voiced reservations over the national flag carrier’s appointment of a company to administer its rehabilitation plan. The objection was raised…
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Thailand’s household debt has increased to the highest level in four years, whereas the Gross Domestic Product (GDP) for the second quarter contracted 12.2%, prompting the Finance Ministry to forecast…
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Reminding Thai people of the current global economic crisis, one of the worst the world has faced and one which is likely to continue until the end of next year,…
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LONDON (Reuters) – The number of people in work in Britain has suffered the biggest drop since 2009 and signs are growing that the coronavirus will take a heavier toll…
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Predee Daochai is taking on what is probably the most unenviable task — steering Thailand out of its worst economic crisis in modern history. By accepting Prime Minister Prayut…
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Twitter is in preliminary discussions for a possible combination with TikTok, the Wall Street Journal reported Saturday, after US President Donald Trump said he would ban the app, calling it a…
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SEOUL (Reuters) – Samsung Electronics Co will halt operations of its last computer factory in China, the South Korean tech giant said on Saturday, the latest manufacturer to shift production…
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The Bank of Thailand (BOT) has ordered commercial banks and financial institutions to cut the higher interest rates, charged to customers with credit card balances and personal loans, by 2-4%,…
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Nok Air chairman Prasert Boonsamphan has assured that the Thai airline is determined to carry on operating, after the Central Bankruptcy Court accepted the company’s business rehabilitation plan yesterday. He…
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LONDON (AP) — A technology research firm says Huawei has overtaken Samsung to become the world’s biggest smartphone seller, as its home market in China emerged from the coronavirus pandemic…
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BEIJING (AP) — China is tightening travel restrictions in the Xinjiang capital amid a COVID-19 outbreak in the northwestern city. People arriving in Urumqi from regions considered to have high…
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CANBERRA, Australia (AP) — The Australian government said on Friday it plans to give Google and Facebook three months to negotiate with Australian media businesses fair pay for news content….
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Former Thai Prime Minister Thaksin Shinawatra has been sentenced to five years in prison after being found guilty, by the Supreme Court’s Criminal Division for Holders of Political Posts, for…
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The Tourism Authority of Thailand (TAT) will seek Cabinet approval for its plan to boost domestic tourism by targeting affluent Thais, who can afford overseas trips, adding that between 12…
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The Cabinet today approved the nomination of Sethaput Suthiwart-Narueput as the new Governor of the Bank of Thailand, succeeding Dr.Veerathai Santipraphob, whose five-year term will expire on September 30th. Sethaput,…
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Thailand’s Interior Ministry has about 30,000 job offers for rural inhabitants, to boost household consumption and to take care of elderly people who cannot help themselves. The employment opportunities are…
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A Constitutional Court judge has urged Thailand’s Prime Minister Prayut Chan-o-cha to investigate alleged mishandling, by the police and the public prosecutors, of the Red Bull heir hit and run…
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The first anti-COVID-19 vaccines are expected to be available for use in humans next year, at an estimated cost of 620 baht per dose, said Dr. Siriroek Songsivilai, secretary-general of…
Read MoreCONCORD, N.H. (AP) — The New Hampshire Supreme Court ruled Friday that a judge was wrong to dismiss a cafe owner’s complaint against Facebook that said his social media account…
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HANOI, Vietnam (AP) — Vietnam announced Friday that it was banning wildlife imports and would close wildlife markets in response to renewed concerns about the threat from diseases that can…
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Thailand could drop to the world’s third largest rice exporter, after Vietnam and India, due to a prolonged drought, which has affected rice output, and the strength of the baht…
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Thailand’s Disease Control Department (DCD) has upgraded its COVID-19 testing facility at Suvarnabhumi international airport, which is now capable of producing test results within 70 minutes. The DCD’s Director-General, Dr….
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The Thai economy is strong enough and the country does not need to seek a financial bailout from the International Monetary Fund (IMF), although its GDP this year may be…
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BEIJING (AP) — China became the first major economy to grow since the start of the coronavirus pandemic, recording an unexpectedly strong 3.2% expansion in the latest quarter after anti-virus…
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While Thailand remains closed to foreign tourists, as part of the anti-coronavirus restrictions, starting today (Wednesday), Thai citizens can apply online for significant discounts on air tickets, hotel accommodation and…
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Chinese President Xi Jinping on Tuesday stressed deepening economic and trade cooperation with Thailand and Singapore while continuing to jointly fight the pandemic with the two countries. CGTN of China…
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The hotel in Thailand’s eastern province of Rayong, where the Egyptian military mission stayed last week, has closed for at least 14 days from today (Tuesday) for a full cleansing…
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SHANGHAI (Reuters) – Alibaba Group Holding Ltd co-founder Jack Ma has cut his stake in the company over the past year to 4.8% from 6.4%, cashing out around $9.6 billion…
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As many as 1,000 police officers, from seven of Thailand’s southern provinces, are to be deployed in Jana district of Songkhla province this Saturday, to maintain peace and order during…
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Thailand’s Foreign Trade Department officials will meet with representatives of coconut product manufacturers, at the Ministry of Commerce on Wednesday, to discuss the impacts of a ban on their products…
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Thailand’s Finance Ministry has introduced tax measures to help cushion the serious economic impacts of COVID-19 on businesses and employment. The Finance Ministry’s spokesman, Mr. Thanakorn Wangboonkongchana, said today that,…
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The Thai Commerce Ministry will invite members of the foreign diplomatic corps to observe the harvesting of coconuts by pigtailed macaque monkeys, in an effort to prove that the process…
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Thailand’s Finance Ministry is considering extending the Thiew Pan Sook (Happiness Sharing Tour) program to cover community and agriculture based tourism, while providing tourism operators and airlines with access to…
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Confidence among Thailand’s tourism business operators fell to the lowest level in a decade during the second quarter of 2020, with about 2.6 million workers already out of work and…
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International air services in and out of Thailand will resume on Wednesday July 1st, after the Civil Aviation Authority of Thailand decided to allow six groups of foreigners and citizens…
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TOKYO (Reuters) – Retail sales in Japan tumbled at a double-digit pace for the second straight month in May as the coronavirus pandemic and lockdown measures delivered a heavy blow…
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Thailand’s National Economic and Social Development Board (NESDB) has agreed the first 213 projects, out of about 46,000 proposed by government agencies and local administration organizations, to rehabilitate the economy…
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WELLINGTON, New Zealand (AP) — Qantas plans to cut at least 6,000 jobs and keep 15,000 more workers on extended furloughs as Australia’s largest airline tries to survive the coronavirus…
Read MoreThailand’s low-cost airline, NokScoot, plans to take three aircraft out of service and reduce its staffing level at the end of this month, in a major reorganization caused by the…
Read MoreThailand’s National Communicable Diseases Committee has approved a proposed relaxation of travel restrictions, to allow certain foreigners, from countries deemed as low risk, such as New Zealand, Australia, Japan, Taiwan…
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A detailed list of measures, which will potentially be applied to pubs, bars and karaoke bars, if they are allowed to resume business on July 1st, has been drawn up…
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The Civil Aviation Authority of Thailand (CAAT) has further eased domestic air travel service restrictions, by doing away with the on-board social distancing requirement. CCAT Director Mr. Chula Sookmanop said…
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Thailand’s Cabinet has rolled out four new schemes to help people affected by business closures caused by COVID-19 and who missed out on previous aid packages. The new measures will…
Read MoreThailand’s Cabinet today approved three packages intended to reboot Thailand’s declining tourism industry, hit hard by the COVID-19 pandemic. Tourist arrivals and revenues for the first quarter of this year…
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The Civil Aviation Authority of Thailand (CAAT) will hold a meeting with international airlines on Tuesday to discuss preparations for the partial resumption of international services. Currently, both out-bound and…
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German airline Lufthansa said Thursday that it would have to slash 22,000 full-time jobs as the recovery in demand for travel following the coronavirus pandemic will be muted. “The recovery…
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Thailand’s Finance Ministry is to roll out an incentive scheme to encourage Thai people to travel and spend domestically, in order to revive the local tourism industry, hard hit by…
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The management of Bangkok’s luxury shopping mall, Siam Paragon, has ordered the closure of Paragon Cineplex for three days, after Major Group, the operator of the cinemas, held a social…
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Collapsing revenues, rising layoffs: the coronavirus crisis is battering media outlets across Africa that were already struggling for cash and often facing pressure from hostile authorities. The news of cutbacks…
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Chinese short video app makers have taken their rivalry overseas, with TikTok facing stiff competition from a newcomer that has surged in popularity abroad — by paying users to keep…
Read MoreFormer international crime prosecutor, Mr. Wanchai Roujanavong, has likened the proposed rehabilitation of Thai Airways International to the opening of a Pandora’s Box, which will expose extensive corruption in the…
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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…
Read MoreThe 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…
Read MoreThailand’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…
Read MoreThe 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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