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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...
Covid-19
Agoda to axe 1,500 staff in Asia; CEO promises it will be company’s only cut
Travel Agency Agoda will cut 1,500 staff in Asia as part of its cost cutting measures, industry media reported this week.The worldwide travel and hospitality industry has been hit hard by the coronavirus pandemic shuttering airlines, hotels and...
Market Watch
Minor to raise capital despite losing 1.77 billion baht in the first quarter of 2020
Minor International (MINT) announced on Monday its plan to raise a total amount of 25 billion baht in capital.The capital will be raised through perpetual bonds and a rights offering with three-year warrants. It will be completed between...
Covid-19
About 2.7 million people went out to shops and restaurants on Sunday
The Center for Covid-19 Situation Administration (CCSA) said on Monday that more than 2.7 million shoppers have checked in to stores around the country yesterday. Of the 44,386 stores and about 2 million users that have registered with the government’s...
Main
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...
Main
Thailand’s GDP contracted by 1.8 per cent in the first quarter and will go into a recession of at least 5 per cent in...
The National Economic and Social Development Council (NESDC) lowered its GDP prediction for 2020 from the expansion of 1.5-2.5 per cent to the contraction of 5-6 per cent. The latest figure is now in line with the Bank of Thailand...
Covid-19
Most businesses complying with new coronavirus measures after partial reopening
The Center for Covid-19 Situation Administration (CCSA) said on Thursday that after 10 days of a partial reopening, nearly 75 per cent of businesses have complied with the government’s health and safety measures.The CCSA conducted an inspection on 177,026...
Main
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...
Main
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...
Main News
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...
