Employers and employees are going to be allowed to reduce their contributions to the Social Security Fund (SSF) between June to August to help those struggling financially because of the pandemic. Labour Minister Suchart Chomklin said on Tuesday the cabinet approved his ministry’s proposal to cut SSF contributions from employers and employees under Section 33 of […]
Read MoreThe Thai Credit Guarantee Corporation (TCG) recorded a low number of requests for its soft loan guarantee, totalling only 6.5 billion baht out of its earmarked 100 billion. Entrepreneurs are taking a wait-and-see approach on whether the economy can rebound from the pandemic. TCG acting president Wasukarn Visansawatdi believes more businesses will apply for the […]
Read MoreThe Thai financial system has become more vulnerable due to negative shocks from the latest coronavirus outbreak and there remained significant risks to the economy, the minutes of the central bank’s last meeting showed on Wednesday. On May 5, the Bank of Thailand’s monetary policy committee left the policy rate unchanged at a record low […]
Read MoreThe Budget Bureau has proposed that the government increase the investment funds to be incorporated into the budget bill for the next fiscal year in order to meet the requirements of the current fiscal discipline law. Dechapiwat Na Songkhla, the Budget Bureau’s director, said on Tuesday the bureau has suggested that at least 76 billion […]
Read MoreAirlines faced another setback in the first quarter as the continued pandemic stunted travel demand. Puttipong Prasarttong-Osoth, president of Bangkok Airways, said the airline adjusted flight frequencies to meet passenger demand during the new wave, which caused the number of domestic flights to drop 85.6% year-on-year. The airline closed the first quarter with revenue of […]
Read MoreThe Thai economy shrank by 2.6% in the first quarter of this year — an improvement from a 4.2% contraction in the previous quarter — after it was boosted by a continued increase in agricultural production, recovery of non-agricultural production, acceleration in domestic investments, rise in government consumption expenditure and improvement in exports of goods. […]
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