Boxing stadiums, massage parlours, spas, cinemas, convention venues and tutorial schools are among the moderate-risk category of businesses and activities expected to be allowed to reopen for the third stage of Covid-19 lockdown easing next month. However, pubs, bars and night entertainment venues will remain closed. Tanarak Plipat, the deputy director-general of the Disease Control […]
Read MoreThe country’s household bad debt is expected to reach 1 trillion baht this year, putting the ratio to total loans outstanding into double digits as debt-servicing ability erodes amid coronavirus-induced income shocks, says the head of the National Credit Bureau (NCB). Non-performing loans (NPLs) are surging in the second quarter, in line with projections that […]
Read MoreBangkok Bank has acquired an 89.12 percent stake in privately owned Bank Permata from diversified conglomerate PT Astra International and British lender Standard Chartered Bank (SCB). The Thailand-based bank completed on Wednesday the transaction for Rp 33.66 trillion (US$2.3 billion), equal to 1.63 times Bank Permata’s book value, as agreed by the sellers and buyers […]
Read MoreA key trade group sees a potentially healthier export picture after shipments rose for a second straight month in April, driven by farm products and gold. Ghanyapad Tantipipatpong, chairwoman of the Thai National Shippers’ Council, said the April surprise signals that full-year exports could shrink by less than the TNSC’s current forecast. She cited Thailand’s […]
Read MoreDebt-ridden Thai Airways International (THAI) has lost its state enterprise status after the Vayupak 1 Fund bought a 3.17% stake from the Finance Ministry on Friday, a source at the fund said. The stake purchase was undertaken at a price of four baht per share, said the source. The purchase cut the Finance Ministry’s holding […]
Read MoreThe Finance Ministry has turned down the Agriculture and Cooperatives Ministry’s proposal to offer 5,000 baht in cash relief to 91,000 civil servants farming for supplementary income, saying they are unqualified because they earn salaries. Civil servants with employment income are not qualified for handouts, said Finance Minister Uttama Savanayana. He plans to discuss the […]
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Thailand
