In an Industry where employee recruitment is already a leading issue, the Tourism Industry has taken the biggest hit from the novel Coronavirus, with an estimated 50 to 75 million jobs to be lost in the Industry alone. Yet, savvy and more experienced businesses that do not lose sight of the long-term vision for the […]
Read MoreThe Bank of Thailand’s Debt Clinic scheme, which pools unsecured bad loans to turn them into performing loans, is offering a grace period on principal and interest and a two-percentage-point rate cut for six months to ease debtor burden amid the Covid-19 crisis. The six-month period runs from April to September, said assistant governor Thanyanit […]
Read MoreThe pandemic has ravaged businesses and forced social distancing, spiking demand for remote and digital services as well as online banking. Opening bank accounts online has surged after all commercial and state banks closed all branches nationwide during March 28-29 and banned account opening services for another eight days due to crowds of people inside […]
Read MoreTwo fresh market operators — Yingcharoen in Saphan Mai and Number One in Bang Na — are ramping up their online shopping channels in an effort to stay afloat after traffic plummeted at their fresh markets because of the viral outbreak. Yingcharoen fresh market reintroduced online shopping for customers two weeks ago after pausing online […]
Read MoreS&P Global Ratings has revised its outlook on Thailand to stable from positive on Covid-9 uncertainty, with a possible downgrade given persistently sluggish economic recovery. The firm, however, affirms the country’s BBB+ long-term and A-2 short-term foreign currency sovereign credit ratings. “We are revising our outlook on Thailand to stable from positive due to our […]
Read MoreThailand’s job losses may reach 10 million if the coronavirus outbreak continues for a few months, a business advisory council said on Monday. The kingdom’s economy is being hit hard by the virus outbreak and is heading into a recession. “We think about 7 million jobs have been lost already, and the figure will hit […]
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