The Finance Ministry’s savings bonds with an unprecedented face value of one baht each will be sold to the public from June 24 to Aug 14. The small-ticket savings bonds worth 200 million baht are part of the government’s economic rehabilitation plan to encourage low-income earners to save money in risk-free assets, said Finance Minister […]
Read MoreThe cabinet on Tuesday approved in principle three stimulus packages worth 22.4 billion baht to reinvigorate domestic tourism hit hard by the coronavirus pandemic. Deputy government spokeswoman Traisuree Taisaranakul said the packages proposed by the Tourism and Sports Ministry will run from July to October. Funding will come from the Finance Ministry’s 400-billion-baht Covid-19 economic […]
Read MoreAuto makers are grappling with absent U.S. factory workers and Covid-19 cases at their reopened plants, complicating the companies’ efforts to recoup production lost to the pandemic. The impact on output has been minimal as many plants aren’t yet operating at full capacity, the companies said. Still, the challenges have required auto makers to adjust […]
Read MoreThailand and the world’s other top rubber producers are starting to emerge from their worst quarter in over a decade, but the path to recovery looks fragile. Though consumption from rubber glove makers is continuing to rise, demand from carmakers, traditionally the biggest customer base, is still down. Meanwhile, China reopening its economy has added […]
Read MoreDeputy Prime Minister Somkid Jatusripitak has urged the Board of Investment (BoI) to make tax incentives and investment packages more attractive to foreign agri-businesses to turn Thailand into an investment hub for CLMV countries. The government wants to draw more investors as the pandemic may cause them to consider changing their production bases, he said. […]
Read MoreThai Airways International (THAI) on Monday moved to allay concerns among its customers after they began receiving a notice from the Central Bankruptcy Court, which is scheduled to hear the debt-ridden national carrier’s rehabilitation plan in August. THAI said in a statement that the notice was part of the court process now that the airline […]
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