Economy and industry

The Industry Ministry plans to roll out rescue measures by suspending debt payments for 6-12 months for small community enterprises for several industries affected by the Covid-19 outbreak.The measure covers businesses in food, drinks, herbs, jewellery, souvenirs and clothing. Local producers can apply for debt ...

A new stimulus package to alleviate the impact of the coronavirus crisis will be worth more than 500 billion baht, the finance minister said on Monday.It has already introduced two packages, the first to inject 400 billion baht into the economy and the second, worth ...

The Energy Ministry will ensure adequate electricity supply while many people are advised to work from home by the government in an attempt to promote social distance and prevent the spread of Covid-19, Energy Minister Sonthirat Sonthijirawong said on Saturday (March 28).Keep reading ...

Seven Thai airlines are likely to seek a 16-billion-baht bailout from the Finance Ministry so they can keep employees while their services are suspended.The carriers are Thai AirAsia, Thai Lion Air, Nok Air, Bangkok Airways, THAI Smile, Thai VietjetAir and Thai AirAsia X.Keep reading ...

The Ministry of Digital Economy and Society (DES) aims to cut its spending to help Thai entrepreneurs and shore up the economy.Ministry permanent secretary Atcharin Phatthanaphanchai said that during the board meeting to discuss the budget for fiscal year 2020 and 2021, a proposal to ...

Retail operators have launched several measures at once to revive sales after malls were ordered closed and consumers began shifting to online shopping to avoid contracting Covid-19.Piyawan Piyapong, executive vice-president for service and e-commerce business at Big C Supercenter Plc, said the company recently launched ...

The government is mulling an emergency decree to enable it to borrow more money to support the economy over the next two to three months.The Finance Ministry has been asked to work on a “big” stimulus package, Deputy Prime Minister Somkid Jatusripitak said on Friday ...

The Energy Ministry announced on Wednesday that it will reduce the retail price of compressed natural gas (CNG) for public transport by three baht per kilogramme for three months, effective April 1.The measure, passed by the Energy Policy Administration Committee, applies to all public transport, ...

Thailand’s manufacturing production index (MPI) contracted for the tenth straight month in February, down 5.19% from a year earlier, hit by lower production of cars, tires and sugar, the industry ministry said on Wednesday.That performance was in line with a forecast drop of 5.2% in ...

The Bank of Thailand kept its policy rate unchanged on Wednesday after last Friday’s unscheduled rate cut of 25 basis points, while trimming its economic growth forecast for 2020 to a 5.3% contraction.The Monetary Policy Committee (MPC) voted 4-2 to hold the policy rate at ...