Project Value under Board of Investment Programs Increases 80% in First Quarter BANGKOK (NNT) – The value of investment projects, submitted under Board of Investment (BoI) tax incentive programs, has increased by 80% year-on-year to 123.36 billion baht in the first quarter, driven mainly by the COVID-19 pandemic and measures to curb the spread of the…
Thai Airways’ creditors to vote on rehab plan today Today is D-Day for Thai Airways, with 13,000 creditors voting on whether or not to accept the struggling airline’s rehabilitation plan. According to a Bangkok Post report, a source at the airline has warned that should creditors reject the plan, the carrier will be declared bankrupt…
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…
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…
Thailand jumps on the electric bandwagon, aims to become EV production hub The Thai government has ambitious plans to turn the Kingdom into a Southeast Asian hub for the manufacture of electric vehicles. Nikkei Asia reports that big companies in Thailand are preparing to invest substantially in the greener mode of transport, after the National…
Thailand will launch new relief package worth 225 billion baht to help 51 million people The government will launch a new relief package, worth 225 billion baht, to help 51 million people affected by the latest wave of COVID-19. As part of the new measures, which will go before Cabinet next week, the government will…
What will be the most expensive real estate on MONOPOLY: Phuket Edition? Phromthep Cape… Phuket Old Town… Patong Beach… These are just a few of the landmarks in Phuket that have now been short-listed since it was announced that Phuket will be getting its own edition of MONOPOLY. The top squares of the the locally-themed game…
Thailand Accelerates Registration of GI Products in 4 Countries BANGKOK (NNT) – Thailand is speeding up registration of geographical indication (GI) products in 4 countries, to prevent foreign vendors from claiming that they make the products and to helpincrease Thai exports during the pandemic. Department of Intellectual Property deputy director-general Prayoth Benyasut said applications for…