Thailand’s retail and property markets adapt and move online Tourism, property, retail – 3 sectors of the Thai economy that have taken a huge hit from the impact of lockdowns and border closures. Whilst most of the lockdown provisions are now lifted, the borders remain mostly closed and the economy ‘sluggish’ at best. The first…
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…
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”…
Chamber of Commerce urges businesses to reopen under New Normal BANGKOK(NNT) – The Thai Chamber of Commerce estimates that a prolonged COVID-19 pandemic will cause 10 million Thais to lose their jobs. Meanwhile businesses must adjust themselves to the New Normal, as the health crisis is expected to last for at least a year. The…
Social distancing pandas fill empty seats at Bangkok restaurant An “X” usually marks the seats in restaurants and other establishments to make sure people are social distancing to prevent spread of the coronavirus. Sometimes the “X” on the empty is marked with red tape, unintentionally sending a negative message. Now one Vietnamese restaurant in Bangkok…
Bangkok Governor extends Chatuchak Market opening hours BANGKOK(NNT)-The Bangkok Governor today issued an order to extend Chatuchak Market opening hours to support shopkeepers and customers, with a further hour of shopping time. The market is now open from 5 a.m. to 7 p.m. Customers and shopkeepers are asked to maintain appropriate personal distance and follow…
Jobless Thais queue for food as pandemic hits economy Thais are becoming increasingly desperate as the pandemic destroys the economy and the government struggles to respond. Long lines of unemployed relying on free food across Bangkok, scrambles for cash handouts and fishing in fetid canals — Thais are getting increasingly desperate as the pandemic destroys…
PM asks public to cool down on selling their gold Massive unemployment due to the national state of emergency and the Covid-19 outbreak has pushed gold prices to near a 7 year high, and gold shops throughout the country are running out of cash because so many people are cashing in. In a briefing this week in Bangkok, PM…
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…