Economy and industry
Index at 33-month low point
Business sentiment plunged to a 33-month low in March as the sector worried that the escalating coronavirus outbreak would drag the country’s economy into a deeper contraction than Thailand saw during the 1997 financial crisis.The University of the Thai Chamber of Commerce (UTCC) reported today ...
Phusadee Arunmas
Migrant workers allowed extension of stay until Nov 30
The government has approved extension of stay for migrant labourers up to November 30, exempting them from overstay penalty.Government Spokeswoman Narumon Pinyosinwat said yesterday the government has backed the Ministry of Labour’s review of the Cabinet resolution on March 24 on the period of leniency ...
The Nation Reporter
DOE to hire unemployed labor [Video]
The Department of Employment has launched a project hiring informal laborers affected by the COVID-19 outbreak. Interested laborers can apply at the Employment office in their province.Keep watching ...
Covid-19 crisis delays Thailand’s biofuel future
Thailand’s Energy Ministry has postponed a nationwide plan to switch to biofuels until the Covid-19 crisis subsides.The ministry initially told oil refineries to stop producing gasohol 91 at the end of May and planned to increase consumption and manufacture of biofuels like gasohol E20, which ...
Sean Kelly
Trillion-baht public-private investment projects planned
Thailand plans public-private partnership (PPP) projects worth 1.09 trillion baht during 2020-2027, the finance ministry said on Wednesday, as the government tries to revive the struggling economy amid the coronavirus pandemic.The 92-project plan includes 18 high-priority infrastructure projects worth 472 billion baht, Prapas Kong-Ied, head ...
Registration of businesses goes online to cut virus risk
The Department of Business Development is shifting business certification and juristic person registration services online to reduce the risk of Covid-19 infection, according to its director-general, Vuttikrai Leewiraphan.“To comply with the government’s work-from-home policy and to promote social distancing, the Department of Business Development has ...
The Nation Reporter
Economy could lose over B1.3tr if virus crisis goes beyond Q2
The Thai economy is expected to lose 1.3 trillion baht, almost all of it in the tourist sector, due to the initial impact of the coronavirus pandemic, a banking association said on Tuesday.“But if the outbreak cannot be controlled within the current quarter, the impact ...
Thai government warned 10 million may lose their jobs in next three months
As many as ten million workers in Thailand may lose their jobs in the next three months, if the COVID-19 pandemic drags on and if the Government does not provide timely support for businesses, according to Mr. Supant Mongkolsuthee, president of the Federation of Thai ...
Covid-19 outbreak ‘could kill 10m Thai jobs’
Thailand’s job losses may reach 10 million if the coronavirus outbreak continues for a few months, a business advisory council said on Monday.The kingdom’s economy is being hit hard by the virus outbreak and is heading into a recession.“We think about 7 million jobs have ...
Govt economic stimuli, rising crude oil prices help SET bounce back
The Stock Exchange of Thailand (SET) Index closed at 1,236.78 on Monday (April 13) marking an increase of 8.75 points or 0.71 per cent.Transactions were worth a total of Bt49.474 billion with an index high of 1,237.23 and a low of 1,220.00.A stock analyst at ...
The Nation Reporter
