Struggling airlines to get reprieve through small loans, extension to fuel tax cut Airlines in Thailand are being offered a financial lifeline, as the Government Savings Bank announces soft loans for carriers left struggling as a result of the current Covid-19 ‘disruption’. Nation Thailand reports that the GSB is offering the loans over a 60…
Nokia builds on 5G for enterprise use Thailand is well into its first phase of 5G development, focusing on using the technology for enterprise solutions in Bangkok and the Eastern Economic Corridor (EEC). The country will still need time before consumers adopt the technology en masse because of the high price of 5G-compatible smartphones, said…
Thai economy likely to continue shrinking until Q1 2021 – RHB Research By Linda Khoo Hui Li BANGKOK, Sept 17 – Thailand’s economy is likely to stay in contraction until the first quarter of 2021, said RHB Research Institute Sdn Bhd. In a note today, the research house said the country’s economic activities were starting to…
Thai automakers applaud landmark ASEAN accord to ease test rules Recertification by importers to be axed, reducing risk of non-tariff barriers BANGKOK — Thailand’s automobile industry has welcomed a landmark accord by the Association of Southeast Asian Nations that skirts testing regulations imposed by some importing nations, a move seen to benefit the largest automaking…
Bangkok expo planned to fill 1 million job vacancies Thailand has a lot of job opportunities. About a million. The Labour Ministry is hosting an expo to connect job seekers, especially recent university graduates, with companies. For recent graduates, a new government initiative co-payment system will take care of half the salary. Job Expo Thailand…
Thailand planning land and rail passageway, bypassing congested Strait of Malacca Thailand hopes to shorten shipping time by bypassing the busy Strait of Malacca with a 100 kilometre highway and railway passageway. Discussions are underway to construct 2 deep seaports on both sides of the country’s southern coast, which would be linked via rail and…
Thailand posts fourth highest trade surplus in July Even though the trade surplus is rising, the current account surplus is narrowing this year, which suggests the Thai baht will remain an Asian underperformer over the remainder of the year The trade slump has bottomed A month ago, we noted that Thailand’s export slump bottomed in June. The trade data…
Thailand’s biggest economic slump since 1998 triggers more fiscal stimulus THAILAND’S economy suffered its biggest contraction since the Asian financial crisis in the second quarter due to the fallout of the coronavirus, prompting the government to slash its GDP forecast for the year and announce more stimulus. Data from the state planning agency showed a…
Thailand creates new economic centre to recover COVID-19-hit economy The Thai cabinet on August 13 agreed to establish a centre to address the economic situation heavily battered by the COVID-19 outbreak. Bangkok (VNA) – The Thai cabinet on August 13 agreed to establish a centre to address the economic situation heavily battered by the COVID-19 outbreak. The economic…
Thailand eyes using Hainan’s free trade port potential By 2025, the Chinese government intends to create an “international center for tourism and consumption” on Hainan HAIKOU, August 14. /TASS/. Chairman of the Board of Directors of the Thailand Association on Hainan, Yun Changliang, during a video conference with the participation of Deputy Bureau of International…