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Thai Airways seeks new capital to resume operations after rehabilitation plan approval

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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3,000 restaurants apply for loans over past week in new government scheme

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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About 8 million Thais register for co-payment scheme in 50 minutes

About eight million Thais registered for the third phase of the 50:50 co-payment stimulus scheme in just 50 minutes, after applications opened at 6am today (Monday), causing a brief disruption…

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Banks told by central bank to extend debt repayment for SMEs until year end

The Bank of Thailand has instructed commercial banks to extend, until the end of the year, debt repayment periods for small and medium-sized enterprises, to help them cope with the…

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Thailand’s consumer confidence index for May lowest for 22 years

Thailand’s consumer confidence index (CCI) for the month of May plunged to its lowest point in 22 years and eight months, due to impacts from the third wave of the…

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Cautious optimism infects Thailand as mass vaccination heralds reopening 

The launch of Thailand’s mass vaccination program on June 7 has sparked hope that the country can reopen for tourists and resume normal business activities. But uncertainty remains. The third…

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China reports its exports up 28% and imports hit decade-high

China’s exports rose 27.9 percent in May while imports grew at the fastest pace in more than a decade as the global economy powers back from the pandemic crisis, data…

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A policeman on motorcycle patrols along closed entertainment and tourist businesses in Bangkok on April 8, 2021 while Thailand remains closed to international tourists due to the Covid-19 coronavirus for over a year. (Photo by Mladen ANTONOV / AFP)

About 20,000 SMEs close in first quarter of this year due to COVID-19

About 20,000 small and medium sized enterprises (SMEs), mostly in the tourism sector, closed down during the first quarter of this year, due to the impacts of the COVID-19 pandemic….

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Latest Thai stimulus injection expected to stem the bleeding, not boost economy

The government launched its latest stimulus package on June 1 in a bid to shore up the economy and aid those impacted by Thailand’s third wave of COVID-19. Worth Bt140.4…

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Exclusive: Startups in Thailand optimistic about growth despite pandemic, call for government support

There are hundreds of business startups in various industries in Thailand, with 235 currently listed in the directory of Techsauce, the leading site for tech and business news in Southeast…

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Cabinet approves four schemes to stimulate the Thai economy in Q3 and Q4

The Thai cabinet approved four economic stimulus schemes today (Tuesday), aimed at easing the cost of living burden of about 51 million Thais and stimulating the COVID-beset economy for the…

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Downtown Bangkok. (Photo by Mladen ANTONOV / AFP)

Housing demand remains but buyers hesitant

The third wave of Covid-19 continues to dampen the housing market and leads to changes in the type of property sought Just when Thais thought the “Work From Home” lifestyle…

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A restaurant in a mall in Bangkok. (Photo by Jack TAYLOR / AFP)

Thai restauranteurs struggle to stay afloat amid rising infections

Covid-19 will forever change the restaurant business as many eateries are forced to close. The current wave of the pandemic is expected to wipe out hundreds of struggling restaurants following…

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Bangkok’s food delivery services to reduce their margins during June

App-based food delivery services have agreed to cut their gross profit share (GP), normally charged to eateries at 30-35%percent, to 25%, while eateries also agreed to lower food prices by…

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Kasikorn Research Centre predicts about 7% Thai export growth this year

Thailand’s exports this year are projected to increase by 7% year on year, thanks to the gradual economic recoveries in Europe and the US, following mass vaccinations to contain the…

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Does 2022 budget bill answer the country’s needs?   

Critics say the 2022 budget bill scheduled for debate in Parliament next week has several flaws, ranging from the size of total spending to how it is allocated.   The 2022…

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A man wearing a facemask, amid concerns over the spread of the COVID-19 coronavirus, sells lottery tickets in Bangkok (Photo by Mladen ANTONOV / AFP)

Court orders lottery office to pay ฿1.65 bn compensation for failed online lottery project

Thailand’s over-a-decade long online lottery saga, pitting Loxley Public Company against the Government Lottery Office (GLO), came to an end today when the Supreme Administrative Court ordered the GLO to…

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The guest check-in counter at one of the ASQ hotels.

How Thai hotels adapted to survive and provide quarantine with comfort

It used to be hard to imagine the word “quarantine” would come up in conversations about travel. That was until 2020, when “quarantine” and “isolation” became familiar to most people,…

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FILE – In this April 26, 2021, file photo, people queue up for coronavirus vaccine in Mumbai, India. The disparities of the coronavirus pandemic were already stark in India, where access to health care is as stratified and unequal as other parts of its society. Now, the divide along the lines of wealth and technology are further widening that chasm, and many people are falling through the gaps as vaccines remain inaccessible to millions. (AP Photo/Rafiq Maqbool, File)

India’s Tata Steel will continue to pay salaries to families of COVID-19 victims

India’s giant Tata Steel has announced that it will keep paying salaries to the families of employees who die of COVID-19, until the deceased employee would have been 60 years…

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Govt’s latest COVID-relief loan triggers fears over transparency, public debt   

Controversy has erupted over the government’s move to borrow another huge sum to aid recovery from the virus crisis.  The government opted for an emergency decree to sanction an extra…

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Concern for real estate industry as COVID-19 spreads among construction workers

The Thai Real Estate Association and related agencies are discussing ways to control the spread of COVID-19 among construction workers, amidst rising concerns that it could delay construction of many…

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Women walk past a row of bank automatic teller machines in a commercial building in Bangkok on September 1, 2020. (Photo by Romeo GACAD / AFP)

Thailand’s household debt increased 3.9% to ฿14.02 trillion in Q4 of 2020 and will grow this year

Thailand’s household debt increased 3.9% to 14.02 trillion baht in the fourth quarter of last year, representing 89.3% of gross domestic product (GDP), said Mr. Danucha Pichayanan, secretary-general of the…

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E-commerce support, logistics and Fintech are Thai startups with regional potential: Techsauce

E-commerce support, logistics and Fintech startups have the potential to expand to the regional level, said leading tech media “Techsauce” today (Thursday). “E-commerce in Thailand has been dominated by big…

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Creditors approve Thai Airways restructuring plan

Thai Airways International (THAI)’s restructuring plan was approved by creditors yesterday (Wednesday), holding 91.56% of the carrier’s combined debts. The airline’s creditors, who met via video conference, after the postponement…

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Inside the Jatujak market, the most popular weekend market in Bangkok on May 18, 2021.

Thailand’s dilemma: how to shore up economy as infections surge

Thailand’s economic outlook is bleak, with the daily COVID-19 caseload hitting four figures following mid-April’s Songkran holiday. The economy shrank 2.6 percent year on year in the first quarter, according…

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Poverty slum Bangkok
(Photo by Romeo GACAD / AFP)

China’s poverty solution hailed as model for Thailand

Thai politicians and academics are showing a growing interest in China’s experience in poverty reduction. Leaders of the ruling Palang Pracharath Party recently met with their Chinese Communist Party (CCP)…

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Thai domestic airlines remind PM of their need for financial help and vaccines

The Airlines Association of Thailand (AAT) today called on the government to speed up the injection of funding, in the form of soft loans, to seven Thai airlines and to…

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(Photo by Alex OGLE / AFP)

Some advice for Thais looking to ‘migrate to another country’

Dissatisfaction with politics may be the main reason Thais are joining the campaign to “migrate to another country”, but dismay at Thailand’s economy can’t be far behind. Under the impact…

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Thailand’s Prime Minister Prayut Chan-O-Cha (6th from right, front) posing for official photo with the cabinet minister following a reshuffle at the Government House in Bangkok. (Photo by Handout / ROYAL THAI GOVERNMENT / AFP)

Prayut and his economic team facing unprecedented test of crisis management   

The unprecedented task of pulling Thailand out of its COVID-induced economic crisis rests on the shoulders of just three men. And there are signs that Prime Minister Prayut Chan-o-cha, his…

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A tourist enjoys the view of the Hong islands from the infinity pool of a resort on Koh Yao Yai island in the Andaman Sea. (Photo by Mladen ANTONOV / AFP)

Will Thailand’s new COVID surge kill a plan to restart tourism in July? 

Although the third wave of COVID-19 has hit Thailand hard, key decision-makers are still keen to launch the “Phuket Sandbox” on July 1. The sandbox will trial Thailand’s reopening by…

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A child sits at a table in front of closed shops at Pratunam market in Bangkok. (Photo by Mladen ANTONOV / AFP)

Vaccination delay threatens another downward spiral for Thai economy

The combination of a new wave of COVID-19 and delayed vaccination is set to wreak more damage on Thailand’s economy, with people’s incomes falling further and business risks rising. Slow…

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Thailand’s GDP growth forecast to drop this year from 2.8% to 1.6% due to COVID-19

Thailand’s economic growth rate projection for this year is expected to shrink from to 1.6%, from 2.8%, due to the third wave of the COVID-19 pandemic, according to the latest…

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Thai cabinet agrees to another 7,000 baht each for 33.5 million Thais under “Rao Chana” scheme

The Thai cabinet, today (Tuesday), approved the Finance Ministry’s proposal to extend the “Rao Chana” economic stimulus scheme until end of June for 33.5 million Thais, including 2.4 million new…

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The COVID-19 testing center in Ottawa, Canada. (Photo by Dave Chan / AFP)

Canada to spend big to ‘punch way out of Covid recession’

Canada’s finance minister announced Can$101.4 billion (US$80.9 billion) in spending to help its battered economy recover from the pandemic and set a greener course with a new climate target. The…

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Commuters with facemasks to prevent the spread of the COVID-19 coronavirus walk to a train station at rush hour in Bangkok a few months ago.

Six million Thais rendered jobless by COVID-19 pandemic – ThaiHealth

About six million Thais have been rendered jobless, since the COVID-19 pandemic struck Thailand early last year, and 1.3 million university and college graduates are unlikely to find jobs or…

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People walk past closed shops on Khao San Road, a once popular tourist strip in Bangkok. (Photo by Jack TAYLOR / AFP)

Third wave of COVID infections spins new economic risks

Thailand’s new wave of COVID-19 infections has raised the economic risk level, but a clear picture of the impact will only emerge after the Songkran break. The Thai economy contracted…

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(Photo by Handout / ROYAL THAI ARMY / AFP)

Hiring market optimistic after COVID-19 economic freeze in 2020

2020 has been an unprecedented year for every industry around the world, with over-stressed health systems and heighten economic stress, which makes the hiring market challenging, including in Thailand. The…

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(Photo by Kazuhiro NOGI / AFP)

Thai judiciary skids into more controversy 

The Thai justice system has been hit by a fresh scandal following allegations that bribes were paid to judges for a court ruling in favour of Toyota Motor Thailand Co…

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(Photo by PORNCHAI KITTIWONGSAKUL / AFP)

Tax hikes may be unavoidable in post-COVID economy  

COVID-19 has dealt a double blow to Thailand’s finances, reducing tax revenue while increasing the amount of money the government must spend to keep the economy afloat. The Cabinet recently…

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(Photo by Lillian SUWANRUMPHA / AFP)

First foreign tourists in over a year arrive in Phuket

A group of foreign tourists, mostly German, arrived on Thailand’s popular resort island of Phuket on Saturday. They are the first in more than a year. They are here under…

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A Bitcoin digital currency ATM shop in Marseille, southern France, on January 8, 2021. (Photo by NICOLAS TUCAT / AFP)

Cryptocurrency gains momentum in Thailand, across globe     

Proponents of cryptocurrency are celebrating after the Securities and Exchange Commission (SEC) reached a conclusion on how to regulate trading of the asset in Thailand. “Very glad to see this…

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Hopewell, the ‘ghost’ transport project still haunting Thailand 3 decades on

A landmark ruling last month by the Constitutional Court has handed the Thai government a lifeline in its three-decade-old battle over the multibillion-baht Hopewell saga. On March 17, the court overturned…

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Co-payment stimulus scheme has ended with ฿102bn spending in six months

Thailand’s Finance Ministry announced the end of the two phases of the populist co-payment scheme on March 31st, with total spending amounting to 102.065 billion baht, 52.2 billion by consumers…

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The photo, taken in January 2020, shows a physical imitation of a Bitcoin in Dortmund, western Germany. (Photo by INA FASSBENDER / AFP)

The rewards (and risks) of Thailand’s big bet on cryptocurrency

As more people and businesses invest in digital currencies, the Bank of Thailand (BOT) faces the delicate task of trying to balance financial stability and investor protection on the one…

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(Photo by Mike Swigunski)

Will the Phuket Tourism ‘Sandbox’ save Thailand’s holiday island?

Foreign tourists who carry a COVID-19 vaccine passport will be able to enjoy Phuket’s blue seas and white sands without having to undergo quarantine, provided the Thai government approves the…

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Phuket tour bus operators seek government help after a year of unemployment

Tour bus operators on Thailand’s resort island of Phuket are asking for help from the provincial administration after being sued for missing their lease repayments, with some facing bankruptcy, due…

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Third phase of consumer co-payment scheme expected in May

Thailand’s Finance Ministry is working on the third phase of the 50:50 co-payment scheme, which is expected to be launched in May, to boost domestic consumption. Kulaya Tantitemit, director of…

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Cabinet approves asset warehousing scheme to help debt-ridden businesses

The cabinet approved financial measures today (Tuesday), worth 350 billion baht, to help financially-troubled businesses overcome the impacts of the COVID-19 pandemic. The financial package includes 250 billion baht in…

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Mango growers complain of low prices and fewer export orders due to COVID-19

Mango orchard owners in Thailand’s northern province of Phitsanuloke are seeking help from the provincial administration to promote the sale of their sweet fruit, particularly Barracuda Mango variety. They complain…

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Debate on what defines market monopoly now left up to court

A merger that could essentially wipe out mom-and-pop stores in Thailand has sparked a public outcry leading to legal action. Consumer groups led by the Foundation for Consumers on March 15 filed…

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A trip down THAI’s turbulent journey from awards and admiration to knuckle-biting rehab

Once a prosperous airline and national pride, Thai Airways International (THAI) is now struggling to clear a mountain of debt during the global aviation industry’s darkest days. The national flag…

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A woman cycles past a closed seafood restaurant along Patong beach in Phuket, which has seen a lack of tourists due to ongoing restrictions relating to the COVID-19 novel coronavirus. (Photo by Lillian SUWANRUMPHA / AFP)

Simmering political conflict threatens to derail Thailand’s COVID recovery

Political stability has a key influence over a country’s economic performance both in the short and the long term. In Thailand, anti-establishment protests that kicked off last year are rocking…

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A nurse prepares a syringe with a dose of the Pfizer-BioNTech COVID-19 vaccine at a vaccination center in Tlaquepaque, Mexico, on March 8, 2021. (Photo by ULISES RUIZ / AFP)

Vaccines, US stimulus boost global GDP forecast: OECD

The OECD sharply raised its 2021 global growth forecast on Tuesday as the deployment of vaccines and a huge US stimulus programme have greatly improved economic prospects. The Paris-based Organisation…

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Thailand drops to 4th largest global rice exporter

According to the Thai Rice Exporters Association, the country exported 5.72 million tonnes of rice in 2020, which is a 24.5% decrease year on year. The export value was 115…

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Area quarantine to be discussed by tourism minister and operators in Phuket on Wednesday

Thailand’s Tourism and Sports Minister Phiphat Ratchakitprakarn is scheduled to meet with representatives of hotels and other tourism-related businesses on Thailand’s famous resort island of Phuket on Wednesday, to discuss…

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(Photo by ROSLAN RAHMAN / AFP)

Singapore Airlines to pilot digital Covid travel pass

Singapore Airlines will begin trialling a coronavirus digital travel pass developed by aviation’s industry body next week, the carrier said Monday, the first airline to pilot the scheme as the pandemic-hit…

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(Photo by Jack TAYLOR / AFP)

Thailand ranked 3rd in ASEAN on Economic Freedom Index

Thailand ranked 3rd in ASEAN, 9th among 40 Asia-pacific countries and 42nd in the World on the most recent on Economic Freedom index. Singapore tops the list for the second…

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A man wearing a face mask walks past a closed restaurant in Bangkok on February 15, 2021, as Thailand records it worst economic performance in more than two decades. (Photo by Jack TAYLOR / AFP)

Economy must come before politics in Thai Cabinet reshuffle, say experts

Business leaders and academics insist solving Thailand’s economic crisis must be the top priority in the upcoming Cabinet reshuffle. “The new ministers should also be highly competent and capable of…

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Thailand’s tourism operators lobby for borders to reopen on July 1

A group of leading tour operators and hoteliers in Thailand has launched a campaign to reopen the country on July 1, 2021. They say vaccines are a game changer that…

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THAI airways plans to cut staff by 50% or staff costs by 18 billion baht annually over next 2 years

After two postponements, Thai Airways International submitted its rehabilitation plan to the Legal Execution Department officials today (Tuesday), under which the debt-ridden national flag carrier plans to slash staff expenses…

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This undated handout photo released by Chao Phraya Abhaibhubejhr Hospital on January 14, 2021 shows a worker examining cannabis plants in a crop being grown in Prachinburi Province, to be used in dishes at the Abhaibhubejhr Spa Cuisine restaurant in Prachinburi, east of the Thai capital Bangkok. (Photo by Handout / Chao Phraya Abhaibhubejhr Hospital / AFP)

Multipurpose marijuana could light up another economic engine for Thailand 

Marijuana could generate up to Bt8 billion for Thailand’s pharmaceutical industry over the next five years, but farmers stand to make little from growing the herb, experts say. Last year,…

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This aerial photograph shows apartment buildings in the outskirts of Bangkok. (Photo by Mladen ANTONOV / AFP)

ASEAN property market takes a hit as people delay buying a home

Half of Thai consumers decide to put off buying and selling property for the time being. The governments of many ASEAN countries have taken measures to stimulate their economies over…

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THAI airways to sell assets to raise more funding

THAI airways is selling its Laksi training center building, in the Bangkhen district of Bangkok, its Nok-Air shares, its Bangkok Aviation Fuel Services (BAFS) shares and Boeing 737- 400 engines,…

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Thailand VAT social tech firm

Revenue treads carefully into VAT collection from tech giants

Legal challenges await the Revenue Department’s plan to collect value-added tax (VAT) from cross-border e-services for the first time in Thailand, given the threat of counter measures from the US…

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Thai government to buy dried cannabis flowers from community enterprises

The Government Pharmaceutical Organization (GPO) is to buy grade-A dried cannabis flowers from community enterprises at 45,000 THB per kilogram. The Plao-Ploen herbal development center in BuriRam province is the…

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vaccine passport
(Photo by Frederic J. BROWN / AFP)

Vaccine passports inject new hope for Thai tourism

A “vaccine passport” has emerged as the best hope for Thai tourism businesses devastated by COVID-19. The passport, which could exempt inoculated tourists from the mandatory 14-day quarantine, might help…

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Thailand Tourism
This photograph taken on December 19, 2020 shows longtail boats moored at a beach on Koh Lipe island in the Andaman Sea. (Photo by Mladen ANTONOV / AFP)

Thailand’s GSB to extend low-interest loans to help tourism-related SMEs

The state-owned Government Savings Bank (GSB) has set aside a 10 billion baht fund for lending to small and medium-sized entrepreneurs engaged in tourism and tourism-related businesses, to help them…

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Thailand economy shrinks most since 1997 on tourism collapse

Thailand’s pandemic-shattered economy suffered its worst full-year performance in more than two decades, data showed Monday, with officials citing the toll of both a gutted tourism industry and ongoing political…

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Inside the electrifying rise of Bitcoin

The soaring price of Bitcoin is making headlines around the globe following news that electric-car maker Tesla, one of the world’s largest auto firms by market valuation, has invested $1.5…

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Are Thai govt savings bonds attractive?

Public Debt Management Office (PDMO) chief Patricia Mongkhonvanit on Wednesday encouraged people to purchase newly issued government savings bonds worth Bt8 billion. The Bt8 billion issuance is part of Bt55…

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Thailand’s latest COVID-relief scheme hit by controversy

A total of Bt210 billion is being pumped into Thailand’s latest COVID-19 relief effort, but experts say needy Thais could fall through cracks in the scheme. The Rao Chana (We…

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Image Credit: BTS Skytrain

PM admits government and BMA cannot delay electric train fares indefinitely

Prime Minister Prayuth Chan-o-cha admitted today (Wednesday) that neither the government nor the Bangkok Metropolitan Administration (BMA) can shoulder the financial burden of prolonging the freeze on fares on the…

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Over 5.7 million people pass screening to join Rao Chana giveaway scheme

More than 5.7 million people, out of about 10 million who registered to receive 7,000 baht each under the Rao Chana stimulus scheme, have passed the screening process and will…

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Chinese New Year’s day declared a special public holiday in Thailand

The government has declared Chinese New Year’s day, which falls on Friday February 12th, a special public holiday and Prime Minister Prayut Chan-o-cha is encouraging Thai people, not just those…

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In this image made from video provided by the Democratic Voice of Burma (DVB), a protester holds a sign that says ‘Free Aung San Suu Kyi’ with an image of the deposed Myanmar leader as they march in Yangon, Myanmar Sunday, Feb. 7, 2021. (DVB via AP)

Myanmar coup to take big toll on trade with Thailand, the world: Experts

Thai and other foreign companies are expected to delay their investments in Myanmar following a military coup that threatens Thai border trade and migrant labour. Myanmar’s military seized power on…

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(Photo by Lillian SUWANRUMPHA / AFP)

Private sector in Phuket wants quick, self-funded vaccinations so it can reopen

The private sector on Phuket has joined forces to push for a self-funded vaccination program, to inoculate up to 70% of its population, in the hope that the resort island…

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Thailand Tourism
This photograph taken on December 19, 2020 shows longtail boats moored at a beach on Koh Lipe island in the Andaman Sea. (Photo by Mladen ANTONOV / AFP)

Vaccinated foreigners may be allowed to enter Thailand without quarantine

The Ministry of Tourism and Sports is considering plans to attract foreign tourists back to Thailand, and may allow vaccinated foreigners to enter the country without the need for 14…

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Currency traders walk by the screens showing the Korea Composite Stock Price Index (KOSPI), left, and the foreign exchange rate between U.S. dollar and South Korean won at the foreign exchange dealing room in Seoul, South Korea, Friday, Jan. 29, 2021. (AP Photo/Lee Jin-man)

Equity markets drop as painful week ends on sour note

Asian and European markets suffered more losses Friday, capping a painful week for global equities that has been characterised by fears over surging infections and stuttering vaccine rollouts. Traders have…

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A currency trader watches monitors at the foreign exchange dealing room of the KEB Hana Bank headquarters in Seoul, South Korea, Thursday, Jan. 28, 2021. Asian shares skidded on Thursday as a reality check set in about longtime economic damage from the coronavirus pandemic, giving Wall Street its worst day since October. (AP Photo/Ahn Young-joon)

Asian markets a sea of red as virus woes add to correction fears

Asian markets suffered further losses Thursday, tracking a rout in New York and Europe as markets were hit by a perfect storm of worries about the slow rollout of vaccines,…

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Labour Minister, Suchart Chomklin

Thailand cuts worker Social Security contributions, extends visa renewal deadlines

Thailand’s cabinet decided today to cut the employee contribution to the Social Security Fund from 3% to 0.5% of their salaries for February and March, but to retain employer and…

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Tourism Council of Thailand says Q1 2021 tourism confidence index drops to 53

It is estimated that 6.69 million foreign travellers visited Thailand in 2020, an 83% decrease from 2019. The visitors generated revenue of around 300 billion baht, an 80% decrease from…

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Asia stock market
A man walks past a bank’s electronic board showing the Hong Kong share index at Hong Kong Stock Exchange in Hong Kong Tuesday, Jan. 26, 2021. Shares fell in Asia on Tuesday after a choppy session on Wall Street yielded mixed results as the market struggled to find direction. (AP Photo/Vincent Yu)

Asian markets stumble on stimulus timing and size

Asian markets sank into the red Tuesday following the previous day’s healthy run-up, with sentiment jolted by the prospect that Joe Biden’s huge stimulus could be watered down and not…

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COVID-19 restrictions on businesses in eight eastern provinces to be eased

Restrictions imposed in the eight eastern provinces of Thailand since mid-December, to prevent the spread of COVID-19, are expected to be eased as the situation there gradually improves. Deputy Public…

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Covid-19, economic impact are top global threats: WEF

Business and government leaders currently see the loss of life from Covid-19 and related economic effects as the world’s greatest short-term threats, said the World Economic Forum. The group which…

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A woman pulls a trolley with goods in the central business district (CBD) of Beijing on January 18, 2021. (Photo by WANG Zhao / AFP)

Most Asia stocks down after gains, China growth beats forecasts

Most markets fell Monday as investors took a breather following a recent rally, though Hong Kong and Shanghai enjoyed gains after data showed China’s economy grew more than expected last…

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Opposition Pheu Thai Party proposes more cash for those affected by COVID-19

Thailand’s opposition Pheu Thai Party has voiced disagreement with the government’s plan to provide cash giveaways of 3,500 baht a month for two months to people affected by COVID-19, noting…

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A pedestrian walks past an electronic quotation board displaying share prices of the Tokyo Stock Exchange in Tokyo on January 13, 2021. (Photo by Kazuhiro NOGI / AFP)

Global stocks mixed after Wall St rebounds from uncertainty

Global stocks were mixed Wednesday after Wall Street rebounded, shrugging off uncertainty about a possible new attempt to impeach President Donald Trump over last week’s attack on the U.S. Capitol….

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Electricity, water and internet bills to be reduced to help public and SMEs

Thailand’s cabinet has resolved to launch a set of urgent relief measures, to help the public and SMEs, by boosting liquidity, increasing benefits for the unemployed and reducing the cost…

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Thai workers look at job advertisements displayed at the Labour Ministry in Bangkok.(Photo by PORNCHAI KITTIWONGSAKUL / AFP)

Household debt in Thailand highest in 12 years

COVID-19 can be blamed for pushing Thai household debt to its highest level in 12 years, around 480,000 baht per household, said The University of the Thai Chamber of Commerce…

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Thailand Tourism
This photograph taken on December 19, 2020 shows longtail boats moored at a beach on Koh Lipe island in the Andaman Sea. (Photo by Mladen ANTONOV / AFP)

Tourism sector propose debt moratoria and electricity subsidy

Thailand’s Tourism Council is calling for the government to help revive the industry urgently, grant long-term debt moratoria, and cut power bills for a year. Vice president of the council,…

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COVID-19 export fruit

China is delaying imports of Thai produce from red-zone provinces

China’s custom authorities are imposing more stringent COVID-19 testing measures on imports, and there has been a big impact on Thai produce as some Chinese companies have not yet placed…

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Thai Gov to launch new round of co-payment scheme registrations next week

People who missed out on the second phase of the 50:50 co-payment scheme, due to technical problems, can register again this week, said Kulaya Tantitemit, spokesperson for the Finance Ministry…

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A Union flag flutters in the breeze as the sun sets in Hartlepool, north-east England, on January 1, 2021, where 69.6% of voters in the 2016 “Brexit” referendum opted to leave the EU (European Union). (Photo by Oli SCARFF / AFP)

Brexit deal’s ‘rules of origin’ spark trade confusion

Many British businesses are swiftly discovering that they must now pay duties on exports bound for the European Union, despite the breakthrough Brexit free trade deal clinched over Christmas. The…

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KRC estimates ฿45bn economic loss in a month from new COVID-19 outbreak

Thailand’s second COVID-19 outbreak, which originated in the coastal province of Samut Sakhon on December 19th, may cause economic damage estimated at about 45 billion baht in just one month,…

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A man cycles along a bridge in Singapore as the skyline is seen in the background. (Photo by Roslan RAHMAN / AFP)

Singapore’s virus-hit economy suffers worst decline in 2020

Singapore’s economy suffered its worst ever annual contraction in 2020 as the coronavirus pandemic hammered the city-state’s vital trade and tourism sectors, official data showed Monday. But the 5.8 percent…

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©Democrat Party, Thailand

Korn urges government to use ฿600bn loan balance to ease impact of COVID-19

Thailand’s former finance minister Korn Chatikavanij has urged the government to make quick use of all available resources, particularly the 600 billion baht residue of two loans, to ease the…

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Get set for more long holidays in 2021 and more spending!

Thailand is expected to lose about 5.85 billion baht in anticipated revenue during the New Year holidays due to the new outbreak of Covid-19. However, the government has come up…

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Gig economy workers say they can no longer survive

Whether in Paris, Kuala Lumpur or California, gig economy workers fear they can no longer survive on meagre earnings from jobs that leave them increasingly vulnerable. The term “gig” stretches…

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Most Asian markets advance after Wall St sets new records

Asian markets mostly rose Tuesday following a record-breaking lead from Wall Street, as investors cheered the passage of a huge US stimulus bill which has helped temper fears about surging…

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How retail is changing in the wake of COVID-19

The pandemic has disrupted the way we shop. Little wonder then that retailers and shoppers are adapting to the new world of click and buy Time flies. It’s already December…

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