Search Results for: lion
- Covid-19 News
6 million unemployed in tourism alone – a stark outlook for Thailand’s tourist industry
More accurate predictions are starting to emerge as the full impacts of the Covid-19 outbreak in Thailand start to become clearer, and we still don’t have the shops open yet. Reports from the UN’s International Labour Organisation, in collaboration with the University of the Thai Chamber of Commerce, have already made stark predictions about the problems that lay ahead for…
- Covid-19 News
US Covid-19 cases pass 1 million as Germany starts wearing masks – VIDEO
Covid-19 cases in the US passed the 1 million mark in the past 24 hours, with US President Donald Trump claiming that the high number are “because of better testing”. The outbreak has left tens of millions unemployed in the US and nearly 60,000 dead, by far the highest number of confirmed fatalities – well over a quarter of the…
- Economy News
Thailand loses US free trade benefits worth billions of baht
Thailand loses duty free access for 42.2 billion baht in exports to the US market from today, 6 months after Washington warned it would pull back on trade privileges unless the kingdom committed to labour rights reforms. Once trade preferences for Thai products are removed they are subject to tax of between 4% and 5%, making them more expensive in…
- Covid-19 News
HM the King approves 1.9 trillion baht stimulus for Thailand
A royal endorsement was published in Thailand’s Royal Gazette yesterday saying, “his Majesty the King has approved new stimulus measures and laws to enforce spending worth 1.9 trillion baht, to lessen the impact of the coronavirus (Covid-19) on the economy”. This will take effect immediately according to the Royal Gazette. Read more about the 1.9 trillion baht stems package HERE. The…
- Covid-19 News
2.7 billion in “cash gifts” for officials working to fight Covid-19
Government Spokesperson Traisulee Traisaranakul announced the Thai Cabinet has approved “cash gifts” for government officials working to fighting the Covid 19 outbreak. “The move to disburse cash gifts from the 2.7 billion baht budget was proposed by the Office of the Civil Service Commission.” Those who work in fields directly affected by the outbreak – doctors, nurses and other essential…
- Covid-19 News
Thailand Post delivers 28 million hygienic masks nationwide
Thailand Post has successfully delivered nearly 28 million hygienic masks to the Interior and Public Health ministries over the past month. Nearly 16.8 million were sent to the Ministry of Public Health to be redistributed to provincial public health departments and 99 hospitals nationwide, while another 11 million masks were delivered to the Ministry of Interior to be distributed to 77 cities…
- Covid-19 News
Up to 10 million Thais out of work in next three months – CCSA
As many as 10 million Thais could be out of work in the next few months if the current Covid-19 epidemic drags on. Supant Mongkolsuthee, the president of the Federation of Thai IndustriesGovernment, says the Thai government needs to provide timely support for businesses. As head of the Centre for Covid-19 Situation Administration’s working committee, tasked with overseeing small and…
- Covid-19 News
600 billion baht will be used to aid Thai farmers
Thailand’s farmers and other citizens who have been negatively impacted by the Covid-19 situation will be getting help, as the government has designated a 600 billion baht budget to help Thai people in need. The urgent budget of 600 billion baht is intended to help employers and freelancers who have been affected by the virus crisis, to support the public…
- Covid-19 News
Chamber predicts 7 million Thai people to be jobless by June
The Joint Standing Committee on Commerce, Industry and Banking have predicted that 7 million people will be jobless in Thailand by June. The dire prediction from the chairman of the JSCCIB Supant Mongkolsuthree. “Low wage workers will be affected the most by the layoffs, an estimated of 4.2 million retail and shopping mall workers will lose their jobs, along with…
- Covid-19 News
Aviation industry estimates that 25 million jobs are in peril
Amongst industries hit during the Covid-19 situation, the aviation industry has probably been hit harder than most with huge investments, millions of staff, complicated infrastructure, small margins and thousands of down-stream businesses. It will also take a lot longer to wind the whole aviation machine back up when things eventually settle down. The International Air Transport Association estimates that some 25…
- Covid-19 News
1.9 trillion baht stimulus aims to relieve Covid-19 impacts on Thai business
Today, on the weekly meeting with the Thai Cabinet, it was concluded and approved that the third phase of the economic stimulus will commence as of today. The stimulus is valued at 1.9 trillion baht and is aimed to relieve some of the impacts of the Covid-19 outbreak. PM Prayut Chan-o-cha revealed that the third phase of economic stimulus measures…
- Covid-19 News
Coronavirus UPDATE: World total passes 1 million cases, Covid-19 vs Flu
Case numbers have passed through the 1,000,000 mark, whilst world deaths have now reached over 50,000 as we wake up on the final day of the week in Thailand. Just after 7am the total around the globe has now reach 1,015,000 cases since the outbreak started and over 53,000 people have nw died as a result of the Covid-19 virus.…
- Covid-19 News
Third stimulus package coming, valued at 500 billion baht
Thailand’s economy has been hit hard by the Covid-19 coronavirus pandemic, as it’s heavily reliant on exports and tourism. As of yesterday, Thailand had reported 1,524 cases of coronavirus and nine deaths as a result of the outbreak. So the finance minister yesterday announced a new stimulus package valued at more than 500 billion baht to alleviate the impact. The…
- Covid-19 News
14 million Thai’s crash online registration for 5,000 baht cash handout
It is estimated that 14 million Thai citizens have registered for the government’s stimulus measure for a ‘cash hand-out,’ crashing the website entirely. The number of people rushing to register was 4 times greater than the government’s initial predictions. The director-general of the Fiscal Policy Office, Lavaron Sangsnit, says… “On Sunday as of 11.30 am, the number of people who…
- Covid-19 News
Nearly 20 million try to register, crashing Thai government’s payout website
Four major Thai banks closed their branches this weekend, partly in anticipation of a surge of applicants for the governments recently announce 5000 baht handout scheme for “informal” workers affected by the Covid-19 coronavirus pandemic. According to Krungthai Bank, nearly 20 million people tried to log in and register on the government’s payout website, which opened last night, significantly higher…
- Covid-19 News
Thailand’s airlines line up for 16 billion baht lifeline
Thai airlines are mostly grounded, basically due to lack of traffic from government restrictions to stop people from travelling. But they still have staff and regulations that require them to be paid. So 7 Thai airlines are seeking a 16 billion baht lifeline from the Thai Finance Ministry so they can keep employees whist their planes remain on the ground.…
- Covid-19 News
Cabinet approves 117 billion baht stimulus
Today the cabinet has approved a proposed new stimulus measures of at least 117 billion baht. Trying to minimise the magnitude of the impact of the Covid-19 outbreak that has infected more than 800 Thais across the country. The stimulus will include cash handouts worth 45 billion baht for more than 3 million workers outside of the social security system,…
- Covid-19 News
Airlines suspending flights – Thai Lion Air, Singapore Airlines
“The airline has been seriously affected by the coronavirus situation, with passenger loads dropping so sharply that, some days, there are no passengers at all.” This is a letter addressed to the director of the Civil Aviation Authority of Thailand (CAAT), Chula Sukmanop, sent from the CEO of Thai Lion Air Aswin Yongkiratikorn. Thai Lion Air has formerly notified CAAT…
- Crime News
Police seize drug lord’s assets valued at 130 million baht
Assets valued at 130 million baht have been seized from a narcotics ring believed to be run by the drug baron known as “Chan Xue.” Suriya Singhakamol, deputy secretary-general of the Narcotics Control Board (ONCB), told Thai media yesterday that the assets and property were confiscated from nine sites: one in Bangkok and the rest in Chiang Rai province. Suriya…
- Covid-19 News
BOT injects 35 billion baht into Thai financial market
35 billion baht is being injected into the local Thai financial markets in the wake of the impact from Covid-19 crisis. The Bank of Thailand say they are closely monitoring the local financial market and recognised “liquidity is tight in bond and US dollar exchange markets.” BoT assistant governor Vachira Arromdee announced yesterday… “The BoT last week injected both short…
- Covid-19 News
400 billion baht stimulus announced to boost Thai economy
“The package will inject an estimated 400 billion baht into the economy in a bid to return growth to positive territory.” Yesterday’s Thai cabinet meeting gave the greenlight to a new stimulus package. The government expects the approved 400 billion baht to reduce the impact of the Covid-19 coronavirus outbreak. Last week’s 2,000 baht cash stimulus proposal, which was largely…
- Covid-19 News
Worst case scenario – Thailand loses 10 million tourists this year
Thailand’s tourist industry could be decimated in the wake of the world coronavirus outbreak. Tourism accounts for an estimated 16% of Thailand’s total GDP. The Tourism Authority of Thailand governor, Yutthasak Supasorn, says that, in a worst case scenario, Thailand could bleed 10 million of it’s projected 40 million tourist arrivals this year. He says his estimates were based on…
- Crime News
Ayutthaya mother and son drug gang, police seize 5 million meth pills
A mother and son, suspected to be part of a larger central Thailand drug gang, have been arrested after 5 million methamphetamine pills were discovered inside a rented rooms in Prainracha, Ayutthaya, north of Bangkok. Officials searched the property on March 6, noting that there were two bedrooms in bad repair with sacks of pills strewn around the rooms. Sacks…
- Economy News
Help is on the way: 100 billion baht stimulus package passed
Eyeing the effects of the coronavirus outbreak on the nation’s already battered economy, the government yesterday approved a stimulus package, anticipated to cost more than 100 billion baht. The package was approved in a meeting of the Council of Economic Ministers, led by Prime Minister Prayut Chan-o-cha, and will be forwarded to the cabinet for approval on Tuesday. After the…
- Tourism News
Thai tourism ministry proposes 5 billion baht in tourist stimulus packages
Tourism and Sports Minister Phiphat Ratchakitprakarn says he will propose new domestic travel stimulus packages valued at 5 billion baht this Friday. The Minister says the aim is to cushion the impact of the coronavirus for the tourism service sector across the country. The Minister says that domestic tourism is “the priority during this difficult time. The government should implement…
- Business News
Thai Airways announces losses over 12 billion baht for 2019
Thai Airways International and its affiliates incurred a net loss of 12.017 billion baht last year, that’s 448 million baht more than the year before. The airline has been accumulating losses year on year for over a decade. Speaking about the losses at the announcement yesterday, the vice president of finance and accounting Nattaphong Smit-Ampaisal says that the airline was…
- Northern Thailand News
Mother and daughter arrested over 7 million baht fortune-telling scam
Appears the pair weren’t smart enough to predict the police coming to their door. A Thai fortune teller and her daughter have been arrested after charging a customer more than 7 million baht for predictions and forecasts about their life. Normally, fortune-telling sessions, popular in Thai life, range between 100 and thousands of baht, depending on the popularity of the…
- Crime News
Abbot who embezzled 69.7 million baht gets fines, suspended sentence
An ex-abbot of Wat Sa Ket (Golden Mount Temple), found guilty of embezzling 69.7 million baht in temple funds, has been fined 27,000 baht and given a jail term of 36 months, suspended. The sentence was handed down at the Central Criminal Court for Corruption and Misconduct Cases yesterday. The court found 64 year old Thongchai Sukkho guilty of “malfeasance.”…
- Northern Thailand News
Families of 27 Korat victims to get 1 million baht
Families of 27 of the people killed in last Saturday’s mass shooting in Nakhon Ratchasima will receive a million baht in compensation from the government. Deputy Prime Minister Wissanu Krea-ngam, who chairs a committee to decide such settlements, said today that no money has been earmarked for two of the fatalities, over which there is a “dispute,” or for the…
- Business News
MICE sector to get 200 million baht in relief funding
Thailand’s government will provide relief funding for the MICE (meetings, incentives, conferences, exhibitions) sector after it declined by half due to the coronavirus outbreak. The cabinet approved the extra budget last week. The Thailand Convention and Exhibition Bureau (TCEB), together with the Thai Chamber of Commerce (TCC) and listed companies, will provide 200 million baht in cash incentives to promote…
