With extensive experience in family businesses, politics and regulation, Korkij Danchaivichit has a strong will to shore up Thailand Post as it weathers fierce competition from other courier services. Mr Korkij started work as chief executive of the postal service on March 2, becoming the first outsider in the top job of the 18-year-old state […]
Read MoreConsumer confidence slumped to a historic low in March as people worried about the spread of the coronavirus, which is estimated to cost 1-1.5 trillion baht in losses to the economy in the first half of this year. The University of the Thai Chamber of Commerce (UTCC) reported yesterday that the consumer confidence index fell […]
Read MoreFirst, the store doors shut. Now, the walls are closing in. Retailers have furloughed hundreds of thousands of workers, cut executive pay and stopped paying rent, all to conserve cash. For the most indebted retailers, particularly those already struggling before the crisis began, those measures may not be enough. Neiman Marcus Group Inc. and J.C. […]
Read MoreThe Commerce Ministry has teamed up with the Agriculture Ministry to adjust a fruit management plan, focusing on the domestic market to offset exports hit hard by the coronavirus pandemic. Sansern Samalapa, vice-minister of commerce, said the plan will cover production management; distribution channels; business matching among traders, importers and Thai operators; financial support; and […]
Read MoreAbout 130 hotels with 16,000 rooms have offered to serve as quarantine centres for people returning to Thailand from abroad, for a payment – well in excess of the estimated 6,000 rooms needed, according to the Health Service Support Department. Director-general Tares Krassanairawiwong said on Friday that his department was tasked with recruiting hotels to […]
Read MoreThe Finance Ministry said it will explore domestic and foreign funding options for planned borrowing of 1 trillion baht to finance a major economic stimulus programme. The debt is a key element of a 1.9-trillion-baht package to help low-income households, farmers and companies reeling from the impact of the novel coronavirus outbreak. Southeast Asia’s second-largest […]
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