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Thai, Asian markets sink as pandemic deaths soar

HONG KONG: The main Stock Exchange of Thailand index was down 6.24% at 11.06am as Asian markets were mostly in the red in early trade Monday despite massive economic stimulus efforts worldwide, with investors spooked by the relentless march of the coronavirus pandemic. The negative mood was fuelled by the failure of US lawmakers to […]

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Thailand: Pandemic strategies in play

Ranging from small startups to large multinational corporations, businesses across the board have been gearing up contingency plans for if the government orders a lockdown as the coronavirus pandemic escalates in Thailand. In the latest worst-case scenario projected by the Thoracic Society of Thailand, there could be 200,000 people infected with the coronavirus and 540 […]

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Thailand: TISI drops to lowest level in 21 months

The Thai Industries Sentiment Index (TISI) in February hit its lowest level in 21 months, dropping to 90.2 because of weak purchasing power and the effects of the coronavirus outbreak, according to a report of the Federation of Thai Industries (FTI). Delays in this year’s fiscal budget and Eastern Economic Corridor (EEC) scheme as well […]

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Thailand: Policies for Covid-19 face suspension

Several insurance companies are poised to suspend sales of Covid-19 insurance products with a lump-sum payout as policy sales approach their threshold of 500,000-750,000. Some insurers have paused sales to revise protection conditions, including implementation of a 14-day waiting period, after coronavirus insurance products sold briskly, said Suthiphon Thaveechaiyagarn, secretary-general of the Office of Insurance […]

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Thailand: TCC seeks measures to help salaried workers

The Thai Chamber of Commerce is calling on the government to come up with urgent measures to help “salarymen” after many companies initiated 15-day leave programmes without pay. The group is also asking for cooperation from its members that are struggling from the adverse impact of the coronavirus outbreak to retain their more than 10 […]

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