business
- Northern Thailand News
Public concerned with costs of MRT’s Isaan project
Money is a main concern for businesses and investors involved in a project by the Mass Rapid Transit Authority of Thailand to construct an electric light rail train line in the Isaan province Nakhon Ratchasima. Some say MRT should reconsider the type of train planned for the project and go for a more cost efficient option. Province’s proposed MRT Green…
- Business News
GrabFood hungry for more customers
The lockdown boosted food delivery sales, but GrabFood is still hungry for more customers. They’ve launched a major marketing campaign called “Feed Your Hunger” with discounts and deals to get more people ordering food through the mobile application. The campaign goes from now until October 4. They’re offering free delivery service for those in a 3 kilometre radius. Many of…
- Business News
Company drafts THAI’s rehab plan, faces criticism
The rehabilitation plan for Thai Airways International, or THAI, isn’t looking great. It was presented to the Central Bankruptcy Court yesterday and creditors questioned the expertise of the company chosen to draft the plan. EY Corporate and Advisory Services, appointed by THAI, faced criticism regarding their technical experience when it comes to drafting a plan to restructure a company, especially…
- Bangkok News
Thousands of job applicants line up Bangkok hotel before sunrise
Not hundreds, but thousands of job applicants showed up to a Bangkok hotel before the sun came up early yesterday morning. Some slept outside to be first in line to file an application at the Miracle Grand Convention Hotel in the Lak Si district. By 4am, 5,000 people were waiting outside the hotel. The hotel advertised 300 vacant positions and…
- Covid-19 News
Thailand’s tourist magnets deserted and desperate
The 2004 Indian Ocean tsunami, bird flu, SARS, political upheavals, passenger boats sinking. None of these have had anywhere near the effect of this year’s Covid-19 pandemic in Thailand. Visitor numbers, even from the usually enthusiastic Tourism Authority of Thailand, are expected to plummet up to 80% for the year. The other 20% mostly visited the Kingdom in the first…
- Covid-19 News
Global aviation recovery could take 3 years – Survey
“Widespread recovery of the global airline industry could be up to three years away.” That’s the consensus out of n industry poll conducted as part of FlightPlan: Charting a Course into the Future. 500 professionals around the world were asked questions about the likely recovery of the global aviation industry. Apart from the dire predictions of a slow recovery over the next…
- Covid-19 News
Thai economy won’t need a bailout from the IMF
The Thai economy won’t need a bailout from the International Monetary Fund, although the GDP growth for 2020 may end up being the lowest in the region. The Governor of the Bank of Thailand, Veerathai Santipraphob says the Thai economy is “strong enough”. Speaking at a seminar entitled “Post-Covid Economic Direction”, Veerathai noted that, although Thailand has managed to control…
- Economy News
Thailand tries 2-prong strategy to get perishables to China
Thailand is bypassing supply-chain roadblocks to deliver its perishables – mainly agricultural and food products – to China, its biggest market in Asia. Since Thailand shares no border with China, perishable goods like fruit and vegetables have traditionally been sent from Thai farms and warehouses by truck, going through either Vietnam or Laos. Ships and planes are also used, but…
- Economy News
Thai Airways creates “survival team”
Beleaguered national flag carrier Thai Airways has created a so-called “survival team” to work out a business plan to support its debt rehabilitation, according to a source at the airline. The company filed for bankruptcy protection on May 19. The survival team is tasked with producing a business plan, effective through October 31. The airline’s acting president has ordered the…
- Business News
AOT considering joint venture with Thai Airways to keep services running
The company that runs 6 of Thailand’s airports says it wants to work with Thai Airways to ensure airport services can continue while the national carrier goes through a “rehabilitation” process and struggles with the loss of business caused by the Covid-19 crisis. Airports of Thailand president Nitinai Sirismatthakarn says the AOT board is in talks about a joint venture…
- Technology News
Thailand Post introducing “smart” technology
Thailand Post says it is switching to “smart” mailboxes in an effort to make the state enterprise more hi-tech. The company says it’s working with the state-owned telecoms company CAT Telecom to produce the mailboxes that will use “Internet of Things” technology to detect when parcels are deposited. A report in Nation Thailand today explains that the boxes will be…
- Covid-19 News
Thailand producing over 4 million face masks a day
An increase in production facilities means Thailand is now producing 4.2 million face masks a day, leading to a growing surplus. A report in Nation Thailand says Internal Trade Director Vichai Pochanakit says producers in China are once again exporting the raw materials needed for mask production. The Thai government is now looking at ways to manage a daily surplus…
- Covid-19 News
Thailand extends international arrival ban except for certain groups
The current ban on international arrivals has been extended until further notice by the Civil Aviation Authority of Thailand, with the exception of certain categories of foreigners and returning Thais. The news came late last night in a social media post by the CAAT. According to the statement, the extension is due to the ongoing global Covid-19 crisis, which many…
- Health
Thailand may ease up on medical cannabis restrictions
Thailand may be getting a little more cannabis-friendly. The Food and Drug Administration has drafted a bill to allow private companies to produce medical marijuana. Another stipulation would allow international travellers to bring medical cannabis for personal use if they have the proper import and export license. Attorney Wirot Poonsuwan wrote an article for Khaosod English explaining the legislations that…
- Covid-19 News
Government agency issues guidelines to help Thailand’s souvenir suppliers
Thailand’s Department of Industrial Promotion says it is working on ways to help the country’s souvenir makers recover from the devastation wreaked by the Covid-19 lock-down. Speaking to Nation Thailand, Nattapol Rangsitpol, director-general of the DIP, says the latest advice complements the government’s stimulus campaign Tiew Pan Suk (Trips to Share Happiness), aimed at boosting domestic tourism and the local…
- Covid-19 News
Many Thais face salary cuts, job loss due to pandemic, survey finds
The coronavirus pandemic has already led many into financial difficulties, some being put on temporary leave from their jobs, and others losing their jobs altogether. A recent survey shows that 1 in 4 workers lost their jobs or were currently out of work as a result of the impacts of the pandemic crippling the economy. A significant percentage of those…
- Bangkok News
Grab teams up with farmers for fresh fruit delivery service
Local produce farmers and merchants are getting some help distributing fresh fruits from Grab Thailand. The company already has a smart phone application for ride-sharing and food delivery. Now fresh produce will be delivered through GrabMart’s Farmers’ Market feature. At the moment, the fresh fruit delivery is only available in Bangkok with distribution centres at the Or Tor Kor Market…
- Covid-19 News
Price spike for Thai latex, condoms and medical gloves in demand
It’s clear the coronavirus pandemic has lead to a surge in demand for plastic gloves, but demand has also increased for condoms (locked up for 2 months, blah, blah…). The high demand has increased the price of latex and business is booming for companies in Thailand. Malaysia had a significant drop in natural rubber production and The Thai Rubber Latex Corporation…
- Economy News
Somkid outlines a bright future for Thai economy
Thailand is poised to soar in the global market with heightened investment attraction and a massive budget earmarked to rejuvenate the economy in the fourth quarter, as the Covid-19 pandemic eases, according to Deputy Prime Minister Somkid Jatusripitak. Mr Somkid says the government also plans to enhance financial cooperation with China and Hong Kong that will lead to business expansion…
- Covid-19 News
International flight talks resume as “travel bubble” debate rages on
“There must be thorough discussions, which may continue into next month.” As the Thai government mulls the possibility of “travel bubbles” with countries where Covid-19 appears under control, aviation representatives are talking with commercial airlines about a potential return to international services. Limited domestic flights have been operating again since May, with the exception of Phuket, which resumed its domestic…
- Covid-19 News
Up to 1,000 foreigners per day with smart phone tracking – plan to open Thailand up to foreigners
If approved by authorities, foreigners from low-risk countries will be allowed to enter the country and travel in so-called “travel bubbles” without going through the 14 day quarantine period. They’ll be tracked through a smart phone application to make sure they stay in their “bubble.” The plan is being prepared for an approval from the Centre of Covid-19 Situation Administration…
- Economy News
Phase 3 easing generated 200 billion baht into Thai economy
Phase 3 of Covid-19 restriction easing, which began June 1, has generated 200 billion baht of additional cash flow into the economy. With many other establishments returning to business as usual tomorrow, the Thai Chamber of Commerce has launched a forum for the brainstorming of ideas on the next business trends under the “new normal,” that must comply with health…
- Economy News
Industry panel wants foreign businesspeople allowed back to Thailand
The Joint Standing Committee on Commerce, Industry and Banking is proposing that foreign businesspeople be allowed back into Thailand. The president of the Thai Chamber of Commerce says this can be allowed if the government enacts strict measures to contain the spread of Covid-19, including ensuring every foreign visitor is tested for the virus 48 hours before landing in Thailand.…
- Business News
No role for Transport Ministry in Thai Airways rehab plan
After initially insisting on having a say in the management of the rehabilitation plan for the beleaguered Thai Airways, the Ministry of Transport has conceded that, with its holding in the airline reduced to less than 50%, it no longer has any jurisdiction over what is now a listed public company. Deputy Transport Minister Thaworn Senneam says the struggling carrier…
- Covid-19 News
Thai Chamber of Commerce warns 10 million jobs in peril if lock-down persists
The Thai Chamber of Commerce is appealing for businesses to be allowed to reopen ASAP, warning that if the lock-down goes on much longer, an estimated 10 million people could lose their jobs. The Pattaya News reports that TCC Chairman, Kalin Sarasin, says businesses should be allowed to reopen provided they abide by new public health measures. He says the…
- Business News
Krispy Kreme employee allegedly fired after post about former Thai King
A man was fired from a Krispy Kreme Doughnut Thailand store after making disparaging remarks about a former Thai king. Now some people are boycotting the doughnut business for their actions. But Krispy Kreme executives deny the allegations. ‘Chaiyaporn Sornbudnak’ made a post on Facebook about King Rama IX, who died in 2016. News sites can’t even publish the man’s Facebook…
- Covid-19 News
Phase 4 of relaxations may come sooner according to CCSA
The government’s Centre for Covid-19 Situation Administration reported today that pubs, bars and entertainment facilities would be permitted to reopen in the coming weeks if the regular count of new Covid-19 cases remains in single digits. Dr Taweesilp has confirmed that the Covid-19 situation in Thailand continues to improve and has dropped to single digits for the past 22 days.…
- Economy News
Thai GDP drops nearly 2% in first quarter
The Thai economy’s slumped by nearly 2% year-on-year during Q1, 2020. In it’s full-year forecast, the National Economic and Social Development Council forecasts that the Thai GDP would drop 5-6% for the year. As a comparison, the economy tanked 7.6% during the 1997 financial crisis. The Gross Domestic Product in Q1 dropped by 1.8%, compared to a rise of 1.5% in the…
- Business News
Tesco addressing migrant worker abuse at Thailand distribution centres
Migrant workers at Tesco’s distribution centres in Thailand are being abused, according to an annual modern slavery statement from the UK-based company. Out of 187 migrant workers interviewed in Thailand, many had issues with unexplained and illegal wage reductions, excessive overtime hours, indebtedness through recruitment fees. Migrant workers at Tesco’s distribution centres in Malaysia had similar problems. Last year, Tesco reported migrant workers…
- Covid-19 News
100 billion baht fund in the works for small businesses
A pay cheque might be on the way for small businesses that kept paying their employees, despite loss of business from the pandemic. An up to 100 billion baht fund, or 3 billion USD, is planned to be set up to help Thailand’s small businesses, according to Reuters. Deputy PM Somkid Jatusripitak said assistance from the Finance Ministry will be for…
