Economy and industry
Tourism sector looks to resume domestic trips
The tourism sector is unfazed by the possible extension of the emergency decree, with operators saying their businesses are flexible and it will not interrupt the goal to kick-start domestic travel nationwide in June.The Tourism and Sports Ministry is planning to discuss with the prime ...
Bangkok Post Reporter
2020 online trade set to hit B220bn
Thailand’s e-commerce, excluding business-to-business engagement, is expected to grow 35% to 220 billion baht in 2020, driven by the coronavirus outbreak, says Priceza, a price comparison shopping website.Meanwhile, the competition between social commerce and e-marketplaces is expected to intensify.“In the post-Covid-19 world, the online channel ...
Suchit Leesa-Nguansuk
Covid-19 casts two spells on Thai economy
The Thai economy contracted by 1.8 per cent in the first quarter from the same period last year or shrank by 2.2 per cent from the previous quarter after seasonal adjustment, the National Economic and Social Development Council has said.This recession was driven by the ...
BoI, state banks extend helping hand to firms hit hard by Covid-19
The Board of Investment (BoI) will join hands with two state-backed banks to help entrepreneurs affected by the Covid-19 outbreak, BoI secretary-general Duangjai Asawachintachit has said.“BoI will work with Small and Medium Enterprise Development Bank of Thailand [SME D Bank] and Export-Import Bank of Thailand ...
The Nation Reporter
Thailand cuts key rate for third time as economic crisis worsens
The Bank of Thailand cut its benchmark interest rate for the third time this year to a record low as the economy is expected to shrink further amid the coronavirus pandemic.The central bank lowered the policy rate by 25 basis points to 0.5 per cent ...
The needs of people begin to overshadow the need for airlines
Domestic and international travel bans resulting from the COVID-19 pandemic have grounded more than 66 per cent of the world’s passenger aircraft leaving governments scrambling to prevent airlines from going out of business.Globally governments have so far stumped up more than $85 billion in loans, ...
Stella-maris Ewudolu
Cabinet sends THAI to Bankruptcy Court
The cabinet on Tuesday resolved that cash-strapped Thai Airways International (THAI) would file for bankruptcy at the Central Bankruptcy Court in order to work out its rehabilitation plan.Prime Minister Prayut Chan-o-cha said it was the best course to help the troubled airline back onto its ...
Bangkok Post Reporter
Asian Development Bank signs US$7.2m loan for Thailand wind-plus-battery project
The Asian Development Bank (ADB) has signed a loan deal for its first wind energy-plus-battery storage project in Thailand, which is also the country’s first private sector initiative to combine the two technologies at scale.The ADB told Energy-Storage.news this morning that it will lend THB235.55 ...
Andy Colthorpe
From Isaan migrant worker to homeless life in the city [Video]
When the coronavirus pandemic hit, Phaiwan Chala lost his job as a truck driver. When he couldn’t pay the rent for his room in Bangkok anymore, he became homeless.Keep watching ...
Thailand raises alarm over bogus recruitment as online scams rise
Thailand is struggling to tackle a rise in online recruitment scams promising jobs abroad that never materialise, with many appearing on Facebook, a senior official said on Tuesday.The head of the Department of Employment (DOE) said there had been more than 1,500 complaints in the ...
