Thai Airways adds another 21.5 billion baht debt in Q3 report Thai Airways has accumulated more losses, on top of a decade of annual losses, for the latest quarter. At the moment the national airline’s debt is four times higher than last year’s debt. The airline, already struggling, has been mostly grounded since the end…
Thai Airways sells warehouse items and leases offices for extra cash In its latest move to generate just a little more cash in the midst of bankruptcy, cash-strapped Thai Airways is leasing out its office buildings and auctioning off in-flight items like bowls, cups, mugs and packages of “refreshing tissue.” Thai Airways also recently put…
Thai economy passed lowest point, to contract less than expected – officials BANGKOK (Reuters) – Thailand’s economy has passed its lowest point and is expected to contract less than previously expected this year due to a recovery in consumption, senior officials said. “We can say that our lowest point was in the second quarter,” Danucha…
Thai internet economy to triple in size to Bt1.6trn by 2025: Google Google forecasts Thailand’s internet economy will almost triple in size by 2025, from US$18 billion to $53 billion (Bt549 billion-Bt1.6 trillion). The findings come in the latest e-Conomy SEA Report 2020, which tracks the growth of online economies in Southeast Asia. The report…
Thailand ready to sign RCEP in mid-November Thai Minister of Commerce Jurin Laksanawisit will represent Thailand to sign the Regional Comprehensive Economic Partnership (RCEP) by the middle of this month, said the Bangkok Post on November 7. Bangkok (VNA) – Thai Minister of Commerce Jurin Laksanawisit will represent Thailand to sign the Regional Comprehensive Economic Partnership (RCEP) by the middle…
Shrinkflex (SET: SFT) is Listed on the Stock Exchange of Thailand BANGKOK, Nov 6, 2020 – (ACN Newswire) – Shrinkflex (Thailand) PCL (SET: SFT) is a leading provider of integrated labeling solutions featuring plastic shrink films in ASEAN. On October 29 the company was listed in the Market for Alternative Investment (MAI). SFT executives are…
Thailand ready to attend RCEP trade deal Thailand is ready to attend the signing of the long-awaited Regional Comprehensive Economic Partnership (RCEP) at the 37th Asean Summit under the chairmanship of Vietnam next week. It will be the first-ever virtual signing of an agreement Asean has undertaken, a Foreign Ministry official said on Thursday. The…
Thai private sector expects better economic recovery in Q4 The JSCCIB now expects the Thai economy in Q4, 2020 to continue recovering, with the annual performance this year expected to shrink to within the margin of -7 to -9 percent. BANGKOK (NNT) – The Thai economy is receiving a boost from government aid measures and…
Thailand BOI Approves New electric vehicles (EV) Package The new promotional package, which replaces the first EV package which expired in 2018, covers a comprehensive range of electrical vehicles, namely passenger cars, buses, trucks, motorcycles, tricycles, and ships. The Thailand Board of Investment (BOI) today approved the roll out of a comprehensive set of incentives…
Thailand’s E&E, Food, Auto and Medical Sectors Lead Jan-Sep Rise in Investment, BOI Applications Data Shows BANGKOK, Nov. 5, 2020 /PRNewswire/ — Sustained commitment to Thailand by both foreign and local companies resulted in a slight increase in the number of investment applications in the January-September period to 1,098, as firms in targeted sectors including electrical and electronics (E&E),…