Air travel is estimated to drop by 38% in 2021 BANGKOK (NNT) – Aeronautical Radio of Thailand (Aerothai) has lowered its estimates of total domestic and international air travel in 2021 to 323,093 flights, a 38% reduction from its 518,790 flights estimate at the start of the year. Aerothai vice-president Thinnakorn Chuwong said the rising…
Exim Bank beefs up new target The Export-Import Bank of Thailand (Exim Thailand) has upgraded its target for new loans this year to 145 billion baht from 138 billion, even with the economy suffering from the pandemic. President Rak Vorrakitpokatorn said he is confident the bank can achieve the new target. Exim Thailand plans to…
Government will not re-capitalise struggling Thai Airways The State Enterprise Policy Office says the government will not back a billion-baht cash injection for Thai Airways. Pantip Sripimol from the SEPO says the Finance Ministry will not re-capitalise the carrier, although it remains its largest shareholder. The Bangkok Post reports that there are concerns Thai Airways…
Thailand Consumer Confidence Index hits record low The University of the Thai Chamber of Commerce has reported that the Consumer Confidence Index has hit another new record low of 46.0 in April. The Covid-19 global pandemic has had a devastating effect on the economy and consumer confidence has fallen frequently to the lowest points that…
Commerce Ministry tightens controls on delivery services to prevent profiteering BANGKOK (NNT) – The Ministry of Commerce has tightened controls on delivery services during the pandemic to prevent operators profiteering, as online orders have surged. Mr Wattanasak Sur-iam, Director-General of the Department of Internal Trade (DIT), said today the Commerce Ministry has been monitoring delivery…