Thailand’s rich not eligible for 3,500 baht government handout

Thailand’s rich not eligible for 3,500 baht government handout Thailand’s Finance Ministry has confirmed that wealthy citizens are not eligible for the government’s monthly cash handout of 3,500 baht. The Rao Chana (“We Win”) scheme consists of 2 monthly payments of 3,500 baht for those struggling with the financial fallout of the Covid-19 pandemic. Those with savings above a…

Thai baht lowest since January

Thailand’s slow economic recovery

Thailand’s slow economic recovery Author: Juthathip Jongwanich, Thammasat University Thailand’s economic performance in the third quarter of 2020 showed promising signs of recovery amid the ongoing COVID-19 pandemic. The contraction in GDP fell to 6.4 per cent year-on-year, down from 12 per cent in the second quarter. Signs of recovery in key industries such as electronics…

Thai Air Asia says new Covid outbreak has destroyed business

Thai Air Asia says new Covid outbreak has destroyed business The executive chairman of Asia Aviation, the largest shareholder in Thai Air Asia, says the Covid-19 resurgence has destroyed the low-cost carrier. Tassapon Bijleveld says that even without a national lockdown, bookings have plummeted. “Travel sentiment has plunged lower than last year. This is different…

“Thai Airways will survive”. Emergency meeting next Wednesday.

Thai Airways delays take off in 2021 | VIDEO

Thai Airways delays take off in 2021 | VIDEO Due to the current outbreak of Covid-19, Thai Airways, Thailand’s flagship airline, is reducing its international flight schedule until at least March 27. A limited schedule of domestic flights are still operating as normal under the airline’s domestic carrier Thai Smile. Thai Airways will reduce international…

No dine-in service at Bangkok restaurants after 9 pm

No dine-in service at Bangkok restaurants after 9 pm Bangkok officials announced a ban on dine-in services at restaurants after 7 pm, but PM Prayut Chan-o-cha quickly changed the order to allow people to eat at the restaurants until 9 pm, saying an earlier-hour ban would have a negative impact on the restaurant owners and…

Economist predicts economy will shrink 8.9% this year, despite easing of restrictions

Thai Exports to grow 4% in 2021

Thai Exports to grow 4% in 2021 Contributing factors include the recovering world economy and the International Monetary Fund’s (IMF) estimate that the world economy will expand 5.2 percent in 2021 from a contraction of 4.4% this year. BANGKOK (NNT) – The Department of International Trade Promotion (DITP) forecasts that exports in 2021 will gradually return…