Thai Airways to shed only 5% of employees, while appointing new president Debt-ridden Thai Airways has confirmed that it will only shed 5% of its 20,000 employees as part of its reorganisation. The former president of the carrier’s labour union says he met with the rehab panel, along with union and airline staff representatives, with…
8.3 million Thai workers will lose employment or income in 2020 says World Bank The World Bank says that as much as 8.3 million workers in Thailand could lose jobs or income from the coronavirus pandemic, bringing the number of economically insecure people to 9.7 million Thailand’s economy is expected to be impacted severely by…
Poll shows flea markets, supermarkets, most popular with Thais as lockdown easing continues “46% of Thais want the Songkran holidays moved to the (western) New Year period.” A new poll shows that most Thais are anxious to return to markets and supermarkets first, as the country continues to relax the restrictions imposed during the Covid-19…
Phase 3 easing generated 200 billion baht into Thai economy Phase 3 of Covid-19 restriction easing, which began June 1, has generated 200 billion baht of additional cash flow into the economy. With many other establishments returning to business as usual tomorrow, the Thai Chamber of Commerce has launched a forum for the brainstorming of ideas on…
SET dips below 1,400 points after gloomy Fed prediction The Stock Exchange of Thailand (SET) Index closed at 1,396.77 today (June 11), down 22.00 points or 1.55 per cent. Total transactions amounted to Bt82.892 billion with an index high of 1,421.51 and a low of 1,384.68 In the morning session, a stock analyst at Krungsri Securities…
Economist predicts economy will shrink 8.9% this year, despite easing of restrictions A leading economist is predicting the Thai economy will contract by 8.9% this year despite the easing of Covid-19 restrictions, far higher than previous estimates from local and international economic pundits. Amonthep Chawla, head of the research office at CIMB Thai Bank says that although…
Thai government to postpone tax increase on cheap cigarettes The Thai government is expected to delay a planned tax increase on cheap cigarettes, as well as agreeing a moratorium on excise duties for entertainment and sporting venues, provided they don’t lay off any staff. Cigarettes costing less than 60 baht a pack were expected to…
Thai government to postpone tax increase on cheap cigarettes The Joint Standing Committee on Commerce, Industry and Banking is proposing that foreign businesspeople be allowed back into Thailand. The president of the Thai Chamber of Commerce says this can be allowed if the government enacts strict measures to contain the spread of Covid-19, including ensuring every…
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…
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…