Thai parliament urged to pass record 1.9t baht virus stimulus bill

Thai parliament urged to pass record 1.9t baht virus stimulus bill

Thai parliament urged to pass record 1.9t baht virus stimulus bill [Bangkok] Thailand’s premier on Wednesday urged parliament to approve the kingdom’s biggest-ever stimulus package to revive an economy battered by coronavirus, which has brought tourism to a standstill, slashed exports and left millions jobless. The 1.9 trillion baht (S$84.4 billion) package would be a…

U-Tapao airport maintenance facility going ahead despite obstacles

U-Tapao airport maintenance facility going ahead despite obstacles

U-Tapao airport maintenance facility going ahead despite obstacles U-Tapao Rayong-Pattaya International airport is going ahead with its proposed Maintenance, Repair and Overhaul project, despite Thai Airways entering bankruptcy, according to the secretary general of the Eastern Economic Corridor Office. The 11 billion baht project to has already been approved by the Cabinet and a contract…

Thai Economy shrinks 1.8% in first quarter

Thai Economy shrinks 1.8% in first quarter

Thai Economy shrinks 1.8% in first quarter BANGKOK (Reuters) – Thailand’s economy contracted at its sharpest pace in eight years in the first quarter, pushing Southeast Asia’s second largest economy into recession sooner than expected, as the coronavirius pandemic hit tourism and domestic activity. The state planning agency, reporting January-March data on Monday, slashed its…

Thai economy shrinks at fastest pace in eight years

Thai economy shrinks at fastest pace in eight years

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…

Thai GDP drops nearly 2% in first quarter

Thai GDP drops nearly 2% in first quarter

Thai GDP drops nearly 2% in first quarter The Thai economy’s slumped by nearly 2% year-on-year during Q1, 2020. In it’s full-year forecast, the National Economic and Social Development Council forecasts that the Thai GDP would drop 5-6% for the year. As a comparison, the economy tanked 7.6% during the 1997 financial crisis. The Gross Domestic Product…

Thai company steps up to ease condom shortage

Thai company steps up to ease condom shortage

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.…

Thai Airways files for bankruptcy protection

Thai Airways files for bankruptcy protection

Thai Airways files for bankruptcy protection Despite Thai Airways issuing a press statement and taking to social media to deny rumours it intends to file for bankruptcy, various media reports appear to confirm the struggling carrier will file for Chapter 3/1 of the Corporate Reorganisation section of the Bankruptcy Act. This is the Thai equivalent…