Main News
CP Group finances TESCO deal despite numerous lenders pulling out because of coronavirus
Charoen Pokphand Group, Thailand’s largest conglomerate, has sealed a deal with 9 financial institutions to undertake a $10.6 billion acquisition of TESCO's operations in South East Asia, totaling some 1,965 stores in Thailand and Malaysia.The deal, which was finalized...
Covid-19
Restaurants cautious as Thailand allows some to re-open
On Sunday, the Thai government allowed some restaurants and eateries to re-open after a month of closure. The government had shuttered many businesses in their attempt to keep coronavirus infection numbers low.The re-opened restaurants will still have to...
Covid-19
Formally employed Thais also hit by coronavirus outbreak/shutdown; SSO under pressure
The Thais working in a formal capacity have been adversely affected by the government's measures to control the spread of the coronavirus, government statistics on Monday revealed.Thailand's informal work sector has made the news in the past weeks...
Main
New central bank statistics paint a gloomy economic picture for Thailand
The number of inbound tourists has “severely contracted” by 76.4 per cent while exports dropped by 2.2 per cent year-on-year in March, said the Bank of Thailand (BOT) on Thursday.The BOT added that the Thai economy has contracted...
Covid-19
Recapping new cabinet measures to help mitigate outbreak woes
The cabinet meeting on Tuesday resulted in various measures to help mitigate the impact of the coronavirus outbreak and increase competitiveness.Here is our short summary on some of the important new measures:More cash handoutsThe number of eligible workers...
Main
THAI could cancel 20 routes under the new rehabilitation plan
Prime Minister Prayut Chan-ocha's meeting on Wednesday could result in a bailout of about 50-70 billion baht and the loss of 20 international routes for Thai Airways International (THAI).The rehabilitation plan will reportedly involve a loan worth 40-50 billion...
Main
Produce and beverage industry asks for ease on export ban
Many in the food and beverage industry are urging the government to ease regulations on exports as fresh produce rot away in storage due to the State of Emergency (SOE).Curfew and strict checkpoints throughout the country are affecting...
Main
Nok Air under pressure after pictures emerge showing crowded planes, no social distancing
Nok Air has come under increasing pressure over the weekend as online photos revealed no social distancing on their flights. The carrier was the only airline continuing to operate in April as the rest of the country shut down...
Main
Corporations like CP should not be given government assistance if they continue to spend recklessly
The past week has seen a lot of huff and puff over whether the country’s central bank should come to bailout some of Thailand’s leading corporations as the global coronavirus pandemic has created a havoc in the financial markets.Amid...
Market Watch Main
Government soft loan program proves popular and runs out of money; more measures on the way
The Government Savings Bank (GSB)’s soft loan policy has run out of its 150 billion baht budget after only a month, Finance Minister Uttama Savanayana said after a meeting with specialized financial institutions (SFIs) on Thursday.The soft loans...
