finance
- Covid-19 News
Government says they won’t allow Thai Airways to collapse
“All rumours about a lay-off aren’t true. News involving Thai Airways that didn’t come from the Finance Ministry should be considered false.” Thailand’s deputy PM Somkid Jatusripitak says the government won’t allow its struggling national airline Thai Airways to collapse. He dismissed rumours of impending lay-offs due to the virus outbreak. Thai Airways has been a financial basket-case for the…
- 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
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.…
- Economy News
Thai exports figures rise in January
Whilst there’s been plenty of economic challenges around for Thailand, including the high Thai baht and a levelling out of tourist arrivals, exports for January 2020 unexpectedly rose according to ministry figures. It’s the first rise in six months, and an increase of 3.35% from the exports 12 months earlier. The customs-cleared export numbers have been boosted by higher shipments…
- Politics News
Thai finance minister confident GDP will pick up next quarter
Deputy PM Somkid Jatusripitak says he is confident Thailand’s gross domestic product will pick up in the fourth quarter as a result of the launch of 316 billion baht economic stimulus package from the Thai government. He claims the new rice price guarantee scheme will also assist the agricultural sector. The Cabinet approved the new packages at its Tuesday meeting.…
- Business News
Somkid blames sluggish formation of Thai government for GDP downgrading
Deputy PM Somkid Jatusripitak is saying the delay in forming Thailand’s next government caused the downgrading of the country’s GDP projections from 3.8% to 3.3%. The Bank of Thailand downgraded their forecasts at a meeting this morning. But Somkid noted that he was confident that Thailand’s GDP growth will pick up again once the new cabinet had been announced and…
