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Cabinet gives the green light for Thai Airways to file for bankruptcy

Anukul

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Cabinet gives the green light for Thai Airways to file for bankruptcy | The Thaiger
FILE PHOTO: Instagram@mr_luc4
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Today PM Prayut Chan-o-cha has announced that the Cabinet approved the proposal from the Ministry of Transport that Thai Airways can file for bankruptcy at the Central Bankruptcy Court in order to be rehabilitated under the Bankruptcy Act.

“It was the best course to help the troubled airline back onto its feet. Under the rehabilitation plan, Thai Airways will not receive financial assistance from the government and its 20,000 staff will not be laid off. It was a difficult decision but it is in the national and public interest. With professional management, it will regain its strength. Staff will keep their jobs and it will be restructured. The court will decide the details.”

According to Nation Thailand, the premier declined to give details of the rehab plans, though the Cabinet has reportedly approved a plan by the Finance Ministry, the major shareholder in Thai Airways, to sell 3% of its shares in the carrier to the second largest shareholder The Vayupak Fund. The ministry currently holds 51% of the airline’s shares, while the Vayupak Fund owns around 15%, and the Government Savings Bank holds around 2.1%.

The carrier’s acting president said that airline “will not go bankrupt” but will carry out its rehabilitation plan effectively. Pending the rehabilitation process, Thai Airways will continue with its normal services.”

Thai Airways’ assets are estimated at 256 billion baht as of the end of last year, while its total debts stand at 245 billion baht, according to the SET (stock exchange of Thailand).

In 2018, Thai Airways International recorded a net loss of 11.6 billion baht and in 2019, 12 billion baht. The airline is forecast to lose 18 billion baht in the first half of this year, partly due to the impact of the international Covid-19 crisis.

SOURCE: Nation Thailand| Bangkok Post

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1 Comment

1 Comment

  1. Avatar

    Muhammad asif khan

    Wednesday, May 20, 2020 at 7:26 pm

    Hi ..
    Its khan spk i love thai airway Allah help all of u..ameen
    I dont have money its big money
    If i have i pay all thai air..

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Read more headlines, reports & breaking news in Thailand. Or catch up on your Thailand news.

My name is Anukul, I a writer for the Thaiger, I specialise in translation articles and social media, and assisting with our video production. I previously worked at Phuket Gazette and attended BIS international school in Phuket.

Coronavirus (Covid-19)

Thai people hope Covid-19 vaccine will help end pandemic – survey

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Thai people hope Covid-19 vaccine will help end pandemic – survey | The Thaiger
PHOTO: Wikipedia

A Bangkok University poll indicates that around half of the Thai population are holding out hope that the Covid-19 vaccine will help end the pandemic. But the same respondents fear the vaccines’ side effects.

The poll was conducted on January 18-20 on 1,186 people nationwide, aged 18 and over. A bare majority, 50.1% say their jobs and incomes would be affected if the pandemic continues without the masses being inoculated. About 27% said the most worrisome effect of the continued pandemic would be getting infected by the virus. 15% said they would be most worried about travelling. The rest of respondents said the availability of necessities and food, expenses for protective gear, children’s education topped their lists of worries.

Asked if vaccines would help curb or end the pandemic in the country, 51.3% said they are moderately hopeful, with a smaller percentage, 32.8%, very hopeful, and almost 16% had little or no hope. When asked about their concerns surrounding vaccines, almost 40% chose side effects.

Almost 13% said they were concerned about new vaccines being needed to fight new Covid-19 variants, with the same amount worried they wouldn’t receive free vaccines. About 8% worried about receiving smuggled vaccines without the Food and Drugs Administration’s approval.

The biggest lessons Thais say they learned from the Covid-19 outbreak during the past year focused on the illegal entry of migrants – 40.2%. About 20% say they learned that hiding information could put other people at risk, while about 18% said recklessness on the part of some people could put the majority at risk.

SOURCE: Bangkok Post

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State Railway of Thailand furloughs 57 locals trains from Tuesday

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State Railway of Thailand furloughs 57 locals trains from Tuesday | The Thaiger
PHOTO: Baolau

Thailand State Railway governor says that cancellations will affect 13 local services on the northern line, 18 on the northeastern routes, 12 in the southern region and 14 eastern trains.

“Most of the cancelled trains will start at Hua Lamphong station, including trains that are popular with tourists, including services to Kanchanaburi and Hua Hin.”

Niruj Maneepun says the move is to support the Centre for Covid-19 Situation Administration’s effort to curb the virus’ spread by maintaining travel restrictions.

“Already all sightseeing and most long-haul trains have been temporarily cancelled due to Covid-19.”

Thailand has logged 13,500 confirmed infections and 73 deaths since the start of the pandemic in January 2020. The current outbreak that began on December 20, with the epicentre centred around seafood markets in coastal Samut Sakhon, has spread to 63 Thai provinces.

Recently, Bangkok has allowed the reopening of 13 types of businesses as long as they follow strict guidelines surrounding safety measures to prevent the spread of Covid-19.

Businesses allowed to reopen under these measures…

  • Banquet venues, which will need authorisation from BMA for events with over 300 participants
  • Beauty salons, tattoo and piercing shops
  • Fitness centers, but personal trainers and communal steam rooms are not allowed
  • Game Arcades; but all points of contact must be regularly disinfected and facemasks worn at all times.
  • Internet cafés
  • Senior nursing homes, but with limited activities
  • Sports venues, except for boxing rings and race tracks, but no audiences allowed
  • Spas, Thai massage shops, excluding massage parlours
  • Gymnasia and boxing venues for training only
  • Bowling alleys and ice skating rinks, but no competitions or audiences allowed
  • Dancing academies
  • Martial art schools, but no tournaments or audiences allowed
  • Amulet shops and markets

Other provinces in Thailand, such as Chonburi, are waiting for the green light to reopen businesses and travel. Chonburi has reported 0 cases of Covid for 3 days in a row, prompting locals to become frustrated with the strict measures that won’t ease up until at least the end of the month.

SOURCE:Bangkok Post

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Thai researcher details her Covid-19 vaccination experience

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Thai researcher details her Covid-19 vaccination experience | The Thaiger
PHOTO:Aecc Global

“General post-vaccination symptoms include a mild fever, headache, muscle pain and shivering.”

A Thai post-doctorate researcher at the University of Chicago is detailing her Covid-19 vaccination experience and offering insight into its effects. Siriruk Changrob has received 2 doses of the Pfizer-BioNTech vaccine but says just the vaccine won’t immunise people from getting Covid.

Siriruk says a person who is inoculated with the vaccine can still become infected and should continue to practice social distancing and wearing a mask until a herd immunity is developed by 60% of the population, or the virus dissipates. She says she received the first vaccine about 20 days ago and upon arriving for the 2nd dose, a nurse asked her about any side effects and whether she had tested positive for the virus in the past 90 days.

She says she didn’t feel anything until about 8 hours after the 2nd injection, when she started to feel feverish and some pain at the injection site. She noted that all her colleagues warned her that the 2nd injection would give her more painful symptoms.

The Pfizer vaccine requires 2 doses that must be administered at least 21 days apart. But Sriiruk warns that if you can’t get the 2nd injection within the recommended time frame, to hold off from the injection until the time frame can be followed. She also said that anyone who requires daily medication to treat other ailments should consult their doctor before being vaccinated, to ensure that the efficacy of the vaccine will not be affected by that medication.

She says the general post-vaccination symptoms include a “mild fever, headache, muscle pain and shivering”, positive signs that the body is developing an immunity. She warns that taking medication to prevent such symptoms as a fever, is not recommended as the vaccine only protects a person from developing symptoms, rather from being infected by the virus.

SOURCE: Thai PBS World

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