Thai Economy May Contract for Second Year With Tourism in Limbo (Bloomberg) — Thailand’s economy could contract for a second straight year in 2021 if it takes a cautious approach to reopening its tourism industry, according to a central bank official. If Thailand remains closed to foreign tourists until a vaccine is widely available –…
Thai automakers applaud landmark ASEAN accord to ease test rules Recertification by importers to be axed, reducing risk of non-tariff barriers BANGKOK — Thailand’s automobile industry has welcomed a landmark accord by the Association of Southeast Asian Nations that skirts testing regulations imposed by some importing nations, a move seen to benefit the largest automaking…
TBMA: Policy rate static throughout 2020 The Bank of Thailand’s Monetary Policy Committee (MPC) is not expected to ease the policy rate for the remainder of this year as more government stimulus measures reduce the likelihood of further rate cuts, says the Thai Bond Market Association (TBMA). The Policy Interest Rate Expectation Index for September…
Bangkok expo planned to fill 1 million job vacancies Thailand has a lot of job opportunities. About a million. The Labour Ministry is hosting an expo to connect job seekers, especially recent university graduates, with companies. For recent graduates, a new government initiative co-payment system will take care of half the salary. Job Expo Thailand…
Consumer confidence in August up for four straight months The University of the Thai Chamber of Commerce (UTCC) reported on Wednesday the consumer confidence index rose to 51 in August from 50.1 in July, 49.2 in June, 48.2 in May and 47.2 in April. The University of the Thai Chamber of Commerce’s Center for Economic…
Source says 3,000 baht handout coming soon, PM says it’s a rumour Thais are getting some extra cash … Well, maybe. Reports say a 3,000 baht cash handout scheme is in the works to help revive the economy after the pandemic, but PM Prayut Chan-o-cha told the press it’s just a rumour, saying the Thai government…
Bangkok airport security staff file lawsuit over pay cuts “They saw us as security guards and looked down on us since we had little education, they thought they could trick us into signing those papers.” Some security staff at Bangkok’s Suvarnabhumi Airport say they were tricked into pay cuts claiming they were told to sign new…
Evidence of Thai Airways’ corruption, mismanagement, sent to Finance Ministry The Finance Ministry has received 18 documents that show evidence of corruption and mismanagement at Thai Airways. The evidence was submitted by a Transport Ministry panel on corruption, pending a full investigation into “shady dealings” at the battered national carrier. The airline is currently undergoing…
Thailand planning land and rail passageway, bypassing congested Strait of Malacca Thailand hopes to shorten shipping time by bypassing the busy Strait of Malacca with a 100 kilometre highway and railway passageway. Discussions are underway to construct 2 deep seaports on both sides of the country’s southern coast, which would be linked via rail and…
Medical cannabis industry gears up to drive Thai economy Medical cannabis will be raised to the status of an economic crop in Thailand and exported across the world, according to a government subcommittee studying the draft law on cultivation of cannabis and Thai hemp. The subcommittee said Thai farmers should also have access to both…