Thai Airways union says it won’t oppose bankruptcy proceedings “We opposed this position before but after reexamination, we have to show creditors that Thai Airways will genuinely follow the restructuring plan. Including adjustments to the board and staff.” In an abrupt reversal, the president of Thai Airways’ labour union announced yesterday that the union won’t…
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…
BOI partners with two state banks to help SMEs affected by the Covid-19 The Board of Investment (BoI) will join hands with two state-backed banks to help entrepreneurs affected by the Covid-19 outbreak The Board of Investment (BoI) will join hands with two state-backed banks to help entrepreneurs affected by the Covid-19 outbreak, BoI secretary-general…
Thai economy shrinks at fastest pace in eight years Thailand’s economy contracted 1.8 percent in the January-March period from a year earlier, the sharpest fall in eight years in the first quarter, mainly due to the COVID-19 pandemic’s impact on tourism and domestic activity. Hanoi (VNA) – Thailand’s economy contracted 1.8 percent in the January-March period from a…
Thailand slips into recession AS Q1 GDP shrinks by 1.8 pct By Linda Khoo BANGKOK, May 18 — Thailand’s Gross Domestic Product (GDP) shrank by 1.8 per cent in the first quarter from a year ago as the COVID-19 pandemic hit tourism sectors and reduced business activities. It was the deepest contraction since the fourth quarter of…
Thai company steps up to ease condom shortage A shortage of condoms is one thing. A shortage of condoms while people around the world are stuck at home is another. Since a top condom manufacturer in Malaysia halted production due to the coronavirus pandemic, a Thai company is now stepping up to fill the gap.…
COVID-19 Economic Impact Could Reach $253 Billion in Southeast Asia, says ADB The cost of the coronavirus pandemic could reach as much as $8.8 trillion, or almost 10% of global gross domestic product, and between 158 million to 242 million jobs could be lost globally, with 70% of those in Asia and the Pacific, according to…
Tourism sector prepares to resume business Businesses that have been battered by the Covid-19 outbreak, especially those in the Eastern Economic Corridor (straddling Chonburi, Rayong, and Chachoengsao provinces) that rely mainly on tourism, are in desperate need of support. But the vice chairman of the Thai Chamber of Commerce says it’s still too early to predict when…
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…
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…