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Prayut asked THAI personnel and related unions to work together to avoid further layoffs
Prime Minister Prayut Chan-ocha asked for Thai Airways International (THAI) personnel and related unions to cooperate in order to avoid further layoffs.“They have to work together or else the organization will not be able to continue and they...
Main
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....
Main
Thailand’s car production could be halved in 2020
Thailand’s car production could be cut in half in 2020 due to the coronavirus outbreak, said the Federation of Thai Industries (FTI)’s automobile club. The country is the eleventh largest car manufacturer in the world. It produced more than 2...
Main
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...
Main
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...
Market Watch
JSCCIB does not expect to see a V-shape recovery, especially for tourism
Representatives from the private sector, namely the Joint Standing Committee on Commerce, Industry and Banking (JSCCIB), has on Thursday lowered its projection for Thailand’s gross domestic product in 2020. They expect the country to go into a recession between 3-5...
Main
SOE could shorten while malls seem set to reopen on May 17
Deputy Prime Minister Wissanu Krea-ngam told reporters at Government House on Thursday morning that the State of Emergency, which has been extended to May 30, could be shortened. “This is under discussion and it will be mainly up to suggestions...
Main
Social Security Office blames outdated computer for slow progress; appeals deadline for informal workers approaching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...
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...
Main
Government gives stern warning to shops that do not adhere to new health and safety measures
Prime Minister Prayut Chan-ocha on Tuesday criticized large businesses and wholesalers for allowing people to panic buy alcohol at their stores.The government allowed six types of businesses and venues to reopen following a month of lockdown on Sunday. The...
