Syn Mun Kong Insurance on Friday announced it was cancelling its Covid-19 insurance policies with customers, saying the rapidly deteriorating situation made the risk unmanageable. In a message on its Facebook page, the SET-listed insurance firm said Covid 2-1 insurance policies for all clients would be terminated 30 days after they receive a letter from […]
Read MoreCommercial banks agreed to suspend debt repayments for two months for debtors affected by government coronavirus containment measures, the Bank of Thailand said on Thursday, as the country combats its worst Covid-19 outbreak. The assistance from July will be for retail debtors and smaller companies that have closed down, the central bank said in a […]
Read MoreThailand’s economy is forecast to grow 2.2% this year, down from the 3.4% projected earlier, due to the impact of a third wave of Covid-19 infections and weak tourism, the World Bank said on Thursday. The economy contracted 6.1% last year, its deepest slump in over two decades, with the tourism sector devastated by the […]
Read MoreThe worsening Covid-19 situation in Thailand has led the Tourism and Sports Ministry to reconsider the country’s reopening strategy, admitting some target destinations are still marred by soaring infections. However, the ministry insists on reopening Bangkok by this year as the capital is the heart of the tourism industry in Thailand. “With more than 9,000 […]
Read MoreThe newly-established Cambodia Business Council (CBC) in Bangkok and Thai Subcontracting Promotion Association (Thai Subcon) will join forces to enhance trade and investment between the two ASEAN neighbours, and build momentum for the implementation of Cambodia’s 2021-2023 Economic-Diplomacy Strategy. A memorandum of understanding (MoU) was signed in this regard by CBC president Sambath Sothea and […]
Read MoreThe recent 42-billion-baht package of financial assistance for people and businesses affected by the partial lockdown is far from sufficient to offset the impact of rising infections, says the head of the local commerce chamber. Sanan Angubolkul, chairman of the Thai Chamber of Commerce, proposed the government immediately draw a budget from the new 500-billion-baht […]
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