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…
A $45 Billion Manager Says Thai Stocks Face Hurdles Over Worst Virus Outbreak (Bloomberg) — Follow Bloomberg on LINE messenger for all the business news and analysis you need. Thai equities face new hurdles as the country’s worst Covid-19 outbreak will further squeeze corporate earnings and delay an economic recovery, according to Thailand’s second-biggest private money…
Thailand Rethinks Vaccine Plan as New Wave Hits Economy, Tourism (Bloomberg) — Thailand is reworking its vaccine strategy as a month-long soft lockdown to contain its worst wave of Covid-19 infections deepens an economic crisis and risks plans for reopening the crucial tourism industry. Prime Minister Prayuth Chan-Ocha will meet Wednesday with industry groups, including…
Banks to control asset quality The Thai banking industry is expected to remain cautious in controlling asset quality amid economic turbulence brought about by the Covid-19 pandemic. Pasakorn Wangvivatcharoen, research manager at Asia Plus Securities, said local banks showed signs of improving fee-based income from securities and asset management business. “Despite setting aside a massive…
Government Expects Bt250 Billion Circulation from Stimulus Packages BANGKOK (NNT) – The government has estimated that the three key economic stimulus packages — the co-payment scheme, the We Win financial aid program and the Section 33 We Love Each Other program — could pump at least 250 billion baht in monetary circulation as of March…
Thailand ranked 3rd in ASEAN on Economic Freedom Index Thailand has a business freedom index of 85.3 out of 100. This is a big improvement over last year, which helped to increase the country’s overall score to 69.7, a 0.3 point jump from last year. Thailand ranked 3rd in ASEAN, 9th among 40 Asia-pacific countries…
Thailand-Russia trade expansion MoU targeting US$10 billion by 2023 approved The Cabinet has approved a memorandum of understanding (MoU) on the expansion of trade and economic cooperation between Thailand and Russia. The objective of the MoU is to enhance and strengthen relations, as well as expand economic cooperation and technological development. The Thai-Russian Trade and Economic Cooperation subcommittee has set a trade-value target of US$10 billion by 2023…
Brother sees 8% growth for fiscal 2021 Brother Commercial Thailand, the local unit of the Japanese printing tech firm, has set a fiscal 2021 growth target of 8% because of rising demand for single-function and medium-sized printers, as well as expansion to a subscription model. “We have seen a rapid change in the behaviour of…
US vows more business in Thailand US businessmen have pledged to press on with their investment plans in Thailand and called on the government to maintain momentum in tourism stimulus projects and also ease travel restrictions to help get the economy back on track. Prime Minister Prayut Chan-o-cha on Wednesday met the US ambassador and…
What’s wrong with Thailand? Five ambassadors urged to open up Thailand to foreign skilled labour, cut red tape on foreign investment to allow Thailand to move in the top 10 of the World’s Bank’s ease of doing business index Thailand has made very impressive gains in recent years in the World Bank’s Ease of Doing…