Border trade activity down 9.7% in first 5 months

Border trade activity down 9.7% in first 5 months Thailand’s cross-border trade fell by 9.7% year-on-year in the first five months of 2020 as the coronavirus ravaged the global economy and led neighbouring countries to close nearly all border checkpoints. The Foreign Trade Department on Thursday said the country’s overall cross-border trade, including transit trade, totalled…

Seven million Thai farmers receive 5000-baht subsidies

Seven million Thai farmers receive 5000-baht subsidies

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…

Thai parliament urged to pass record 1.9t baht virus stimulus bill

Thai parliament urged to pass record 1.9t baht virus stimulus bill

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…

SACICT to expand handicraft market on e-commerce

SACICT to expand handicraft market on e-commerce

SACICT to expand handicraft market on e-commerce BANGKOK(NNT) – As running a business will be different from what it was before the coranavirus disease (COVID-19) pandemic, the SUPPORT Arts and Crafts International Center of Thailand (SACICT) plans to restructure and modernize its handicraft organization, while helping communities adapt to the digital economy and use e-commerce…

A golden moment for Thailand’s gold sellers

A golden moment for Thailand’s gold sellers The streets of Bangkok’s Chinatown today have been paved with gold… sellers. Today, dozens of Bangkok citizens lined up outside Yaowarat Road gold shops, creating chaos as they tried to sell off their gold ornaments and gold bars after the price gold rose by 550 baht per baht…

Amazon cafe suspends ‘bring your own cup’ campaign

Amazon cafe suspends ‘bring your own cup’ campaign

Amazon cafe suspends ‘bring your own cup’ campaign Thai coffee shop chain ‘Amazon’ announced today the suspension of their promotional campaign called “Café Amazon for Earth” which was aiming to reduce plastic waste by allowing customers to bring their personal cup when buying a beverage and receive a discount of 5 baht. The company says…

Chevy’s having a “garage sale” and prices are halved

Chevy’s having a “garage sale” and prices are halved

Chevy’s having a “garage sale” and prices are halved General Motors’ recent announcement that it’s ending production and sales of Chevrolets in Thailand means prices for new Chevrolets have been cut by half. The starting price for the latest SUV, the Captiva, is now just under half a million baht. General Motors announced Sunday that it’s pulling…