business
- Food
Social distancing pandas fill empty seats at Bangkok restaurant
An “X” usually marks the seats in restaurants and other establishments to make sure people are social distancing to prevent spread of the coronavirus. Sometimes the “X” on the empty is marked with red tape, unintentionally sending a negative message. Now one Vietnamese restaurant in Bangkok has found a more fun way to make sure people are sitting apart but…
- Covid-19 News
Tenants bailing out of pricey Bangkok offices amid pandemic
Bangkok’s high-end office district is looking more like a ghost town as the coronavirus pandemic seems to have many companies bailing out of their pricey office spaces. The increasing vacancy trend of Grade-A office space is expected to continue, possibly until a coronavirus vaccine is in effect, according to managing director of Phoenix Property Development and Consultancy, Surachet Kongcheep. Business owners have…
- Covid-19 News
WHO spokesman: Covid-19 may never be wiped out
As nations around the world begin gradually lifting lockdown restrictions enacted to stem the spread of Covid-19, the World Health Organisation is warning that the virus may never be completely wiped out. The virus was first detected in Wuhan in China in December last year and has now infected more than 4.3 million people and killed nearly 300,000 worldwide. The WHO’s…
- Covid-19 News
Businesses opening back up, some aren’t following the rules
While restrictions are being lifted, some businesses seem a little too excited about getting back to normal and are letting their guard down when it comes to social distancing and Covid-19 prevention practices. Businesses are required to provide hand sanitising gel, wear face masks and make sure people stay a safe distance apart. Upon inspection this month, most businesses are…
- Covid-19 News
Businesses banned from shutting down during emergency decree
Employers have been left perplexed by an order from the Thai Labour Ministry forbidding them from shutting down their businesses during the emergency decree. The same order bans employees from taking part in any industrial action. A report in Nation Thailand says companies that have already closed are being instructed to re-open, and employees advised to return to work, with…
- Covid-19 News
Thailand’s GDP to contract up to 5% for 2020 – business thinktank
Thailand’s GDP is expected to contract between 3-5% for 2020, and exports by up to 10%. The predictions from Suphan Mongkolsuthee, president of the Federation of Thai Industries and chairman of the private sector joint committee. He also believes that the Thai economy has probably reached its ‘low point’ and will start recovering from now. He said that, as the…
- Covid-19 News
Government panel predicts 12-18 more months of pandemic-related pain
Thailand faces up to a year and a half of serious impacts from Covid-19 pandemic, according to a government advisory panel investigating the pandemic’s consequences on the Kingdom. The panel was set up on the Thai PM Prayut Chan-o-cha’s orders on April 30. After analysing data from the Ministry of Public Health, the advisory committee on the social and economic…
- Business News
Business recovery in the Covid-19 era
As some countries begin to tentatively look to reboot their economies in a Covid-19 world, what does the future hold for business? Nation Thailand reports today on an extensive Bank of Thailand survey that examined the impact of the pandemic on four business sectors and what might happen next. Things are looking a bit brighter for the manufacturing and retail…
- Economy News
Former union leader calls for total overhaul at Thai Airways
The former president of the Thai Airways union is calling for a complete revamp of the airline, including the ousting of all existing board members. The call follows years of crippling losses, bailouts and promises of a corporate cleanout. The Bangkok Post reports that Chamsri Sukchotrat made the call in a Facebook post, addressing PM Prayut Chan-o-cha in his role…
- Covid-19 News
Chiang Mai governor meets related sectors at Chaloem Phrakiat meeting room
Today at the Chaloem Phrakiat Meeting Room, in Chiang Mai, Charoenrit Sanguansat the governor of Chiang Mai, along with 3 deputy governors, 25 sheriffs (from all districts), heads of government, prosecutors, military officials, police and related sectors, came for a briefing on how Chiang Mai will move towards opening up the province in the upcoming weeks. Charonenrit says that even…
- Covid-19 News
What does the extension of the Emergency Decree mean?
The Covid-19 Centre for Situation Administration announced today that the Emergency Decree for Thailand will be extended, although it technically will not be official until announced in official channels. The announcement has caused many to believe the extension means that nearly all businesses must remain closed and all current restrictions, such as closures of public spaces and beaches, will not…
- Covid-19 News
Buriram and Chon Buri get ready for easing of restrictions starting May 1
“Anyone leaving the province will have the stickers removed and, upon their return to the province, will have to enter quarantine..” – Buriram Governor Two of Thailand’s provinces have already declared they will begin relaxing provincial ‘lockdowns’ from May 1. Buri Ram, in the north east, and Chon Buri, south east of Bangkok, have separately announced a progressive relaxing of lockdown…
- Covid-19 News
The road back to ‘normal’ – when can we get back to work?
OPINION At one stage we didn’t know a new coronavirus was about to emerge. Then we started hearing stories out of China about a mysterious pneumonia-like disease in the first week of 2020. Then we started seeing a surge of cases, outside China, and wondered if it would affect us and the way we live. Then it did. Now we’re…
- 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
Thailand’s food delivery services are booming
Whilst most businesses have been turned upside down by the disruptions caused by the Thai government’s reaction to Covid-19, along with enforced closures, at least one business is booming at this crazy time. With restaurants closed to sit-down customers, the delivery services are providing a valuable service getting food to customers stranded at home whilst applying social distancing for the…
- Covid-19 News
Minister: Don’t worry about energy supply while working from home
Energy Minister Sonthirat Sonthijirawong reassured the public on Saturday that even though many are now working from home to promote social distancing and stem the spread of the Covid-19 coronavirus, his ministry will ensure an adequate electricity supply. “I have ordered all related agencies, especially the Electricity Generating Authority of Thailand, to monitor power usage closely and evaluate the situation…
- Economy News
Thai government planning more economic stimulus packages
Economists have urged the government to expand the fiscal deficit to up to 600 billion baht, while more stimulus packages are hopefully on course to counter the impact of the Covid-19 outbreak in Thailand. Secretary to the Council of Economic Ministers, Kobsak Pootrakool, says that the economic ministers would consider extra packages as relief for certain sectors, that were hit…
- Covid-19 News
Be informed, be aware. Prevention and precautions in a Covid-19 world.
As of this morning the number of cases of the Covid-19 coronavirus has reached 169,552. The number of deaths related to the virus is now 6,516, representing a death rate of around 3.8%, up from 3.4% two weeks ago, and up from the earlier days when it hovered around 2%. But the number of people that have fully recovered has…
- 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…
- Business News
Thailand CP Group’s take over bid for Tesco Asia
The 332.6 billion baht deal between the UK’s Tesco-branded Asian interests and Thai conglomerate CP Group, is coming under scrutiny as there are fears it could lead to a mega-retail monopoly. In the deal, the Chareon Pokphand Group will acquire all of Tesco Asia. CPAll and CPF informed the Stock Exchange of Thailand of their surprise investment in Tesco Asia…
- 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…
- Economy News
Thai PM Prayut quashes 2,000 baht handout package
Easy come, easy go. Well that was quick. Last Friday’s announcements for 2 x 1000 baht handouts to poorer Thai citizens has been quashed by the PM. Prime Minister Prayut officially shelved plans to hand out the cash to low income earners. Last Friday the Finance Ministry made the announcement for a new round of stimulus packages to prop up…
- Environment News
Major corporations join the fight against plastics
by Ghislaine Bovy Reduce. Re-use. Recycle. The public is now fully aware of the gigantic plastic pollution issue. They know it’s time to act and act now. Many of us have already “gone” into using reusable plastic bags, refillable bottles and buy fruits and vegetables in bulk instead of in individual plastic bags, small shops don’t give you a plastic…
- 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…
- Technology News
What is 5G? Everything you should know about the next-gen mobile.
So what is 5G? 5G literally means fifth-generation wireless technology. The successor to 4G, the biggest changes include higher speeds, lower latency, and the ability to connect more devices at once. The benefits of 5G aren’t limited to its use. Qualcomm is predicting a $12.3 trillion economic boost worldwide, with 22 million new jobs thanks to both the infrastructure and…
- Thailand News
Thai Baht on the slide over fears of spread of Coronavirus outside China
What goes up must go down. The Thai baht has continued to weaken against leading international currencies, trading at 31.70 to the US$ in yesterday’s trade. The falls reflect regional concern over the coronavirus spreading beyond China. In the past few days both central South Korea and parts of northern Italy have reported outbreaks of the virus. Kasikorn Research Centre…
- Bangkok News
Slurpees, phonecard top-ups, snacks and now you can do your washing
…well, in one store anyway. Maybe more to come. You can pay your bills there, buy a Slurpee, get a good coffee and, now, do you washing too. A Bangkok 7-Eleven store has rolled out its own laundry service, not that anyone is going to be actually doing your laundry, but they will provide the washing machines. The laundromat at a…
- Things To Do
The Top 10 types of expat in Thailand (2020)
Being an expat in Thailand you’ll go through plenty of phases – from excitement, to astonishment, to bewilderment, to (eventually) acceptance. It’s all an exciting journey, and will rarely go to plan. But that’s why so many of us love living in Thailand. There are some particular sub-sets of Thai expat we can spot a mile away. Far from type-casting…
- Economy News
Thai exports down 4.5% in October, 2.35% for the year
PHOTO: Commerce Ministry Thai exports have crashed 4.5% for October 2019, compared with the same month last year. The total contraction in first 10 months of this year has now averaged 2.35%, and things don’t look like improving any time soon, according to the Commerce Ministry, as reported in the Bangkok Post. The director-general of the ministry’s Trade Policy and…
- Business News
China announces policies to lure foreign investors
PHOTO: Shanghai skyline – QANTAS Are the Chinese removing layers of ‘red’ tape? China is offering 20 new measures friendly to foreign investors, removing business restrictions to encourage a more “fair, transparent and predictable” business environment. China’s State Council released a guideline pledging to shorten negative lists and eliminate restrictions, opening up more sectors to foreign investors. The Nation reports…
