Thai Airways petitions overseas creditors not to confiscate its aircraft Thailand’s beloved but beleaguered national carrier is appealing to creditors in Switzerland, Japan and Germany not to seize its aircraft, while a similar request is being prepared for US creditors. If each country’s court approves the petition, Thai Airways assets will be protected against seizure…
Seven million Thai farmers receive 5000-baht subsidies BANGKOK (NNT) – The Bank for Agriculture and Agricultural Cooperatives (BAAC) has transferred subsidies to 7.1 million farmers and accelerated correction of incorrect bank account details of 214,000 farmers. Mr. Somkiat Kimawaha, BAAC assistant manager, said at the end of May, 5000-baht subsidies, worth 35.51 billion baht in…
Prison skill centres proposed to help former inmates find jobs Finding a job can be difficult for someone who has just been released from prison. The Thai government wants to change that. They plan to build skill development centres for inmates and provide tax breaks for companies hiring ex-convicts. Minister of Justice Somsak Thepsutin spoke…
Huge Nike flagship store opens in Bangkok’s Siam Center A massive Nike flagship store is now open in Bangkok’s Siam Center, with a ‘footprint’ spanning more than 836 square metres of prime retail space in the capital. Intended to showcase Nike’s innovation across multiple product categories, the store offers the brand’s first “Nike By You”…
Thailand passes record Bt1.9-trillion stimulus package The Thai Parliament approved three key emergency decrees providing Bt1.9-trillion aid package to businesses and people hit by the Covid-19 fallout Thailand’s parliament approved a 1.9 trillion baht (US$59.7 billion) stimulus package, the kingdom’s biggest-ever cash injection, as Southeast Asia’s second-biggest economy is expected to contract by 6 to…
Asia Pacific’s passenger traffic drops 98,8% in April Preliminary April 2020 traffic figures released today by the Association of Asia Pacific Airlines (AAPA) showed that international air passenger traffic was almost brought to a standstill in April. Preliminary April 2020 traffic figures released today by the Association of Asia Pacific Airlines (AAPA) showed that international…
MBK Center cuts rental fees on stores by up to 70% for three months BANGKOK(NNT) – In an effort to help shop operators affected by the COVID-19, MBK Center has launched another assistance measure for store tenants, by increasing the maximum rental discount to as much as 70 percent for three months. Mr. Suwet Theerawachirakul,…