Prison skill centres proposed to help former inmates find jobs Finding a job can be difficult for someone who has just been released from prison. The Thai government wants to change that. They plan to build skill development centres for inmates and provide tax breaks for companies hiring ex-convicts. Minister of Justice Somsak Thepsutin spoke…
Huge Nike flagship store opens in Bangkok’s Siam Center A massive Nike flagship store is now open in Bangkok’s Siam Center, with a ‘footprint’ spanning more than 836 square metres of prime retail space in the capital. Intended to showcase Nike’s innovation across multiple product categories, the store offers the brand’s first “Nike By You”…
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…
Asia Pacific’s passenger traffic drops 98,8% in April Preliminary April 2020 traffic figures released today by the Association of Asia Pacific Airlines (AAPA) showed that international air passenger traffic was almost brought to a standstill in April. Preliminary April 2020 traffic figures released today by the Association of Asia Pacific Airlines (AAPA) showed that international…
MBK Center cuts rental fees on stores by up to 70% for three months BANGKOK(NNT) – In an effort to help shop operators affected by the COVID-19, MBK Center has launched another assistance measure for store tenants, by increasing the maximum rental discount to as much as 70 percent for three months. Mr. Suwet Theerawachirakul,…
Central buys Family Mart Thailand Shopping centre operator Central Retail Corporation has bought 100% of Family Mart, one of Thailand’s major convenience store chains, as it “moves forward to develop a new business model to cater to modern consumers”. CRC’s chief executive officer says the acquisition will strengthen Central’s hold on the food market and…
Standard Chartered Bank forecasts 2 year economic recovery for Thailand Standard Chartered Bank says that it remains conservative on Thailand’s economic outlook, even though signs are emerging with the possibility of a further policy rate cut to below 0.25%. Their latest report forecasts a return to pre-Covid levels could take more than 2 years depending…
Thailand may lose 2 million jobs due to coronavirus: Planning agency BANGKOK (REUTERS) – Thailand may lose up to 2 million jobs this year, particularly in the tourist industry, as the novel coronavirus outbreak undermines economic activity, the state planning agency said on Thursday (May 28). About 8.4 million people are at risk of losing their jobs…
Thai economy could take more than 2 years to recover: Standard Chartered Standard Chartered Bank today (May 28) said it remains conservative on Thailand’s economic outlook, even as positive signs emerge with the possibility of a further policy rate cut to below 0.25 per cent. The return to pre-Covid levels of economic activity could take…
Thai parliament urged to pass record 1.9t baht virus stimulus bill [Bangkok] Thailand’s premier on Wednesday urged parliament to approve the kingdom’s biggest-ever stimulus package to revive an economy battered by coronavirus, which has brought tourism to a standstill, slashed exports and left millions jobless. The 1.9 trillion baht (S$84.4 billion) package would be a…