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 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…

S&P keeps BBB+ Thai credit rating

S&P keeps BBB+ Thai credit rating The Finance Ministry is confident the Thai economy will steadily recover after Standard & Poor (S&P) Global Ratings kept the kingdom’s sovereign credit rating at BBB+. Finance Minister Arkhom Termpittayapaisith said S&P not only maintained Thailand’s sovereign credit rating but also rated its economy as having a Stable Outlook.…