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Panasonic to close two facilities in Thailand and move them to Vietnam

Panasonic Corporation will shut down its factory in Thailand and move it to a newer and larger one in Vietnam as part of its consolidation plan, a company official told Thai Enquirer on Thursday.About 800 Thai employees...

Thai Airways workers’ union receptive to rehabilitation plan but warns employees must be taken care of too

Thai Airway's Workers' Union said that the group were receptive of the company's plan to submit a rehabilitation motion to the bankruptcy court but warned that the employees must also factor in the company and government's decision making.Nares...

Thai Airways to file for bankruptcy after green lighted by SEPO

The State Enterprise Policy Office (SEPO) approved, on Monday, Thai Airways International (THAI)’s rehabilitation plan which will allow it to file for a bankruptcy.Government spokesperson Narumon Pinyosinwat said after the SEPO meeting that THAI is to file for...

Nissan refuses to rubbish rumours that it could pull out of Thailand

Nissan Motor Thailand’s representative said that they cannot confirm or deny reports that the car manufacturer is looking to lay off at least 300 employees and shut down some of its Thai operations.The Nissan representative told Thai Enquirer that...

Filing for bankruptcy is not the same as letting THAI disappear, said ex-THAI board member

Ex-THAI board member Banyong Pongpanich said on Wednesday that allowing Thai Airways International (THAI) to file for bankruptcy does not mean that the flagship airline will disappear. Banyong posted on his Facebook page that filing for bankruptcy only means that...

Thais are now planting the world’s most expensive limes and bananas to avoid taxes

Urban farms have been touted in the west as the next step in urban development. Rooftop farms and community gardens offer an opportunity to create green space where only concrete existed before.The produce feeds the neighborhood, neighbors are...

Debt relief for farmers; financial aid on the way

Thailand's government will implement a debt forgiveness program for farmers registered with the Farmer's Reconstruction and Development fund, Ministry of Commerce Officials told local media.Interests and principle payments have already been halted by the ministry since May 7....

Thai Airways workers union deletes Facebook post blaming Thaksin for losses; union head apologises

The Thai Airways workers union on Sunday deleted a Facebook post which blamed Thaksin Shinawatra’s administration and THAI’s board members for the company’s continuous net losses after fierce online criticism.The page posted on Saturday night a list of...

Banks’ earnings will be worse in the second quarter; banks to decrease number of branches

Banks’ earnings will be worse in the second quarter and some lenders may not turn a profit in 2020, experts predicted, as the coronavirus outbreak continues to slow the economy.One side effect of the outbreak is the sharp...

Social Security Office blames outdated computer for slow progress; appeals deadline for informal workers approaching

The Deputy Spokesperson for the Social Security Office (SSO) Nanthachai Panya Suravat said on Tuesday that the reason why the office was taking so long to hand out unemployment benefits is because their computer system is outdated. He said the...

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