Track Thailand's economy in English — business, trade, finance and market news, covered by Thai PBS World, Thailand's public broadcasting service.
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 the Government’s 400 billion baht fund, to be used to boost the economy and help small and medium size enterprises, according to the National Economic
Thailand’s Central Bankruptcy Court today has accepted Thai Airways International’s bankruptcy protection petition for consideration and set the first hearing for August 17th. The court’s decision to accept the ailing national flag carrier’s petition will be publicly announced in a newspaper twice, seven days apart, and copies of THAI’s petition will be distributed to
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. Mr. Praphas Kong-iad, director of the Office of State Enterprise Policy Committee, explained today that Mr. Pailin, also a former transport minister, is barred from
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 it does not trust the government-initiated plan. Federation member unions, and staff of THAI, held a brain-storming session on Tuesday, to discuss the planned rehabilitation
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 carrier for its court-ordered rehabilitation process. The quartet was reportedly hand-picked by Prime Minister Prayut Chan-o-cha, who certainly needs trustworthy people to help ensure
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 Mrs. Narumon Pinyosinwat said today that the Cabinet agreed with the CCSA that the state of emergency is still necessary, because it helps in the
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 Mrs. Narumon Pinyosinwat said today that the Cabinet agreed with the CCSA that the state of emergency is still necessary, because it helps in the
Beleaguered Thai Airways International today (Tuesday) filed a bankruptcy protection petition with the Central Bankruptcy Court in Bangkok. The move followed the Finance Ministry’s sale of 3% of its shares in the national flag carrier, to the Vayuphak Fund last week, to reduce its stake to 49% and end the airline’s state enterprise status. Mr.
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 national flag carrier is no longer a state enterprise under the ministry’s oversight. Deputy Transport Minister Thaworn Senneam told a news conference today (Monday) that,
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 the world celebrated a muted end to the holy month of Ramadan. Foreign Minister Wang Yi said Washington had been infected by a “political virus”
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, according to the Kasikorn Research Centre. It also said that, although the Thai tourism sector may begin to recover next year, it still has a
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, as well horse rental services, to resume operation. An increasing number of both Thai and foreign tourists have been returning to the popular seaside town,
