A shorter curfew period, inter-provincial travel and a trial of school reopenings with a reduced ratio of teachers per schoolchildren will be considered for the next stage of lockdown easing as coronavirus infections continue to fall. Meanwhile, the Centre for Covid-19 Situation Administration (CCSA) on Friday endorsed a recommendation to extend the state of emergency […]
Read MoreThe government needs to manage the local currency to become more competitive and ensure political stability, two key tools to help reboot the virus-hit economy, says Boonsithi Chokwatana, chairman of consumer goods conglomerate Saha Group. “If the government wants the economy to recover within one year after the pandemic ends, the baht should weaken to […]
Read MoreCustoms-based exports in April unexpectedly rose 2.12% from a year earlier, helped by higher shipments of agricultural products, food and gold, the Commerce Ministry said on Friday. The result compared with a Reuters poll forecast for a fall of 4.6% in exports, a major driver of Thai growth, and against March’s surprise 4.17% increase. Exports, […]
Read MoreAs Asian supply chains reshuffle in the wake of the pandemic, the government is focusing its efforts to attract foreign investors in need of a new manufacturing base around the medical devices sector, a promising industry in light of the health crisis. The Board of Investment (BoI) aims to set up joint ventures or convince […]
Read MoreThailand will remain an important production base for Japanese electronics company Panasonic, although the company has decided to shut down its washing machine and refrigerator plants in Chachoengsao and move to Vietnam. Sirirat Yongcharoenchai, general manager for corporate communication at Panasonic Management (Thailand), said top executives in Japan and Thailand have discussed closing the 41-year-old […]
Read MoreFour commercial banks — Kasikornbank (KBank), Siam Commercial Bank (SCB), Krungthai Bank (KTB) and Bank of Ayudhya (BAY) — followed in the footsteps of Bangkok Bank (BBL), passing on some or more than the central bank’s 25-basis-point rate cut for their prime lending rates. The new rates for KBank, SCB and KTB take effect from […]
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