Large-scale measures to help tourism-related operators and employees affected by the coronavirus epidemic are set to go before the economic cabinet this Friday. Given that other ministries are involved in the relief package, it needs to be discussed in the economic ministers’ meeting before forwarding to the cabinet for approval, said Lavaron Sangsnit, director-general of […]
Read MoreA key shippers group expects Thai exports to fall by 3.3% year-on-year in the first half of 2020 but is holding out hope for a second-half turnaround that would bring full-year results to 0-1% growth. Ghanyapad Tantipipatpong, chairwoman of the Thai National Shippers’ Council (TNSC), said the clear impact of the coronavirus outbreak on exports […]
Read MoreThe Bank of Thailand has eased some foreign-exchange rules as part of a previously announced plan to temper the strength of the baht. The threshold for proceeds that do not need to be repatriated rises to US$1 million from the current $200,000, effective from March 2, the central bank said in a statement on Friday. […]
Read MoreKing Power Group has temporarily closed an outlet linked with a salesman who was infected with the coronavirus and later died, the duty-free giant said on Sunday. The company said in a statement posted on Facebook on Sunday its Srivaree branch has been closed since Feb 6 as part of health and safety measures, and […]
Read MoreThe Bank of Thailand says the economy is likely to expand by less than 1% in 2020 if the coronavirus outbreak lasts throughout the year, says a central bank senior official. If the virus continues to spread for the entire year, which is longer than the central bank’s base-case scenario, GDP growth could be lower […]
Read MoreGasohol E20 will become the primary petrol for the country early this month, requiring all petrol stations nationwide to carry the ethanol-blended fuel, says the Energy Business Department. Director-general Nantika Thangsuphanich said the department will discuss the scheduled enforcement of E20 with fuel traders and refineries. E20 was launched in Thailand over a decade ago […]
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