More than 1,000 people at two companies have lost their jobs due to the ailing economy. In Nakhon Sawan, more than 800 workers received an unpleasant surprise when they arrived for work at a swimwear factory on Friday, but were instead greeted by a sign saying they had all been laid off because of the […]
Read MoreThe deadline of the “We Travel Together” campaign may be extended to increase tourism momentum for the rest of the year, while travel bubbles for tourists will take place in October, says the Tourism and Sports Ministry. Phiphat Ratchakitprakarn, the tourism and sports minister, said the slow redemption of the domestic stimulus scheme launched on […]
Read MoreThailand’s manufacturing production index (MPI) in June increased for the second consecutive month by 4.1% to 83.0 points as people begin to resume their normal spending, says the Office of Industrial Economics (OIE). Consumer products, notably food and medicines, drove MPI gains, following a slight increase in May when the government started easing lockdown measures. […]
Read MoreThe Airports of Thailand board has resolved to extend a 6-month credit term payment to 12 months for businesses and airlines affected by the Covid-19 pandemic at airports under its supervision, AoT president Nitinai Sirismatthakarn said on Thursday. Mr Nitinai said the board during its meeting on July 29 agreed to extend the credit term […]
Read MoreThailand’s exports are likely to shrink by as much as 13.5% this year, the worst showing in a decade, if a Covid-19 vaccine is not available this year, according to a university study. Aat Pisanwanich, director of the Center for International Trade Studies at the University of the Thai Chamber of Commerce, said a vaccine […]
Read MoreMajor gold traders have agreed to use the US dollar in order to limit volatility in using the baht, says a Bank of Thailand senior executive. The central bank agrees in principle with major local traders using only the dollar for gold trading and settlement to mitigate foreign exchange volatility in the trade. The move is […]
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