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Economic body says that Thailand’s economy has already bottomed out
The Joint Standing Committee on Commerce, Industry and Banking (JSCCIB) said this week that the Thai economy has reached its bottom in the second quarter and is on its way to recovery.Exports, manufacturing, domestic consumption and private investment...
Current Affairs
Curfew could be lifted and remaining businesses could reopen in Phase 4, but SOE may still be extended
The Center for COVID-19 Situation Administration (CCSA)’s subcommittee on reopening said on Wednesday that they will propose lifting the curfew for 15 days. The State of Emergency (SOE) will continue to remain in place until July 1, but the curfew...
Main
Thai Airways enters into talks with creditors to prevent asset seizure
Thai Airways are entering into negotiations with creditors to avoid potential roadblocks when the company enters the bankruptcy court in August, officials said Tuesday.According to Deputy Prime Minister Wissanu Krea-Ngam, the company are currently holding talks with...
Main
Shopowners at Chamchuri Square petition Princess Sirindhorn to help lower rent
Business owners at the Chamchuri Square shopping mall sent a petition this week to Princess Sirindhorn asking for her help in negotiating with the mall's management for lower rent, according to the business owners and students.The shopowners requested...
Main
Cabinet approves the drafting of a bill to collect tax from foreign digital platforms
The cabinet has approved on Tuesday the drafting of a bill that would allow for the tax collection of foreign digital platforms. The measure was proposed by the Ministry of Finance (MOF).If the bill is passed, the dubbed “E-Service...
Current Affairs
Cabinet reshuffling will not happen now, while CCSA plans to discuss reopening international tourism on Friday, PM said
Prime Minister Prayut Chan-ocha said after the cabinet meeting on Tuesday that there is no need to speculate whether the cabinet will be reshuffled because he will tell the public once he has decided. “The reshuffle will not happen...
Main
World Bank sees a contraction of 5 per cent for Thailand in 2020; local think-tank sees worse
The World Bank said on Tuesday that the global economy will contract by 5.2 per cent in 2020, representing the deepest recession since World War II. After last week's report that 60 million people could be pushed into extreme poverty...
Market Watch
SEPO approves BMTA’s rehabilitation plan which includes a flat fare of 30 baht per day; 5,000 people could be forced out through early retirement
The State Enterprise Policy Office (SEPO) approved a rehabilitation plan for another loss-making state-owned enterprise, the Bangkok Mass Transit Authority (BMTA), on Monday. Prime Minister Prayut Chan-ocha chaired SEPO's meeting when they approved of the plan; however, it still needs...
Main
THAI appoints board member as primary caretaker for its rehabilitation plan
Thai Airways International (THAI) has appointed board member Chansin Treenuchagron to take the helm of its debt restructuring and rehabilitation plan. Chansin, the former CEO of PTT, replaced Pailin Chuchottaworn as a board member on June 4 after the latter...
Market Watch
Oil and refinery shares surge after OPEC’s move to extend production cut
Oil and refinery shares are benefitting from the Organization of the Petroleum Exporting Countries (OPEC)'s decision to extend its supply cut by 9.7 million barrels per day until the end of July.Prices are also expected to go up as...
