Covid-19
SOE to be extended; an initial batch of business travelers being considered
The Center for COVID-19 Situation Administration (CCSA) said on Monday that it would recommend the extension of the State of Emergency by another month until the end of July due to the coronavirus pandemic.The SOE was introduced on...
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The Real Story about Thai Fruit: Growth of Internet Sales and Pandemic Worries
Thai fruit has been the subject of controversy lately, thanks to a New York Times article that provoked the ire of both Thai readers and BIPOC writers in food media. The subjects of the story were exoticized into unrecognizability:...
Market Watch
Somkid tells PPP projects to hurry up or scrap it
The Thai government told public agencies and private companies within public-private partnership (PPP) projects on Friday to hurry up with their investment pipeline or scrap it and make new ones.Somkid Jatusripitak, Deputy Prime Minister, who chaired the State Enterprise...
Market Watch
BGRIM signs leasing agreement with EECO; Energy Ministry plans to invest 230 billion baht in 2020
B.Grimm Power (BGRIM) signed a leasing agreement with the Eastern Economic Corridor Office (EECO) on Friday. The state land will be used to produce electricity and supply chilled water for the U-Tapao International Airport and Eastern Airport City Development Project...
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Thai shares jumped after US shares on Friday; S&P said Thailand COVID losses are significantly higher than peers
Thai shares jumped up on Friday after US shares were buoyed by US banking regulators to ease restrictions. It will now make it easier for banks to invest in venture capital funds and derivatives trading. By relaxing the Volcker Rule,...
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Export under pressure in Q3 and Q4; experts warn new infections could derail economy
Exports will slowly recover in the second half of 2020 unless a second wave of COVID-19 hits the global economy, according to bank think tanks.The Ministry of Commerce said on Wednesday that the export value has contracted by...
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Non performing loans could sink the economy
Non-performing loans have become a major worry for the banking sector as the coronavirus pandemic has caused economic hardship with many clients defaulting on loans or unable to pay, several senior banking sources told Thai Enquirer on Thursday.The...
Market Watch
Nok Scoot denies closing operations; confirms layoffs and fleet cuts
Nok Scoot, the low-cost long haul arm of Nok Air, denied on Wednesday that it was closing down its operations due to the coronavirus shutdown.However, the low-cost carrier, which is a joint venture of Nok Airlines and Singapore's...
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CCSA said bars could reopen and “business bubble” could begin in Phase 5
The Center for COVID-19 Situation Administration (CCSA) said on Wednesday that Phase 5 of the easing period will include bars and other entertainment venues. Dr Taweesin Visanuyothin, CCSA’s spokesperson, said the remaining businesses that are still closed, such as...
Market Watch
The government introduces 300 billion baht stimulus package for the agricultural sector
The Bank for Agriculture and Agricultural Cooperatives (BAAC) has on Wednesday introduced measures worth 300 billion baht to help the 300,000 farmers affected by the coronavirus outbreak.Some of the measures will be allocated for the development of 200,000 new...
