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Tuesday, November 17, 2020

Tokyu Department Store in MBK to Close Down

BANGKOK — Japanese-owned Tokyu Department Store in Bangkok’s downtown shopping area of MBK will close at the end of January, the company said.

Thai Industrial Sentiment ‘Improves for 5 Straight Months’

BANGKOK (Xinhua) — The Federation of Thai Industries (FTI) released a report on Monday indicating that the resumption of business and activities after COVID-19 lockdowns have improved Thailand's industrial sentiment for the fifth consecutive month in September.

Gov’t To Promote Agricultural Exports at China Forum

BANGKOK (Xinhua) — Thai Deputy Prime Minister and Commerce Minister Jurin Laksanawisit said Monday that his ministry will work to promote the export of Thai agricultural products at the 11th Pan-Beibu Gulf Economic Cooperation Forum to be held in China.

2 Stimulus Packages Planned to Salvage Economy Sickened by Virus

BANGKOK (Xinhua) — Thailand's Ministry of Finance on Wednesday proposed to the Center for Economic Situation Administration (CESA) two stimulus packages aimed at reviving a grim economy set in the last quarter of the year.

Strong Baht, Low Rice Production Weigh Down Thai Exports

BANGKOK (Xinhua) — The Thai Rice Exporters Association said said on Monday that Thailand's rice export this year is expected to drop from 7.5 million tons estimated at 130 billion baht (4.138 billion U.S. dollars) last year to 5 million tons estimated at 115 billion baht (3.66 billion U.S. dollars).
Thai Airways pa tong go. Photo: Thai Airways

Thai Airways Earns 10 Mil. Baht a Month – By Selling Fried Dough

BANGKOK — The debt-ridden Thai Airways said its recent move to sell breakfast fried doughs on the streets proved to be so successful that the airline is considering franchising the business and expanding the stalls.

China’s Great Wall Motors Signs Deal to Acquire GM’s Thailand Assembly Plant

BANGKOK (Xinhua) — Thailand's Board of Investment (BOI) on Wednesday announced that China-based Great Wall Motors (GWM) had signed a share sale and purchase agreement with General Motors (GM) to acquire the latter's production facilities in Rayong.

Dark Moon: Covid Slashes Mooncake Spending in 2020

BANGKOK — Even the time-honored tradition of buying, gifting, and eating mooncakes for the Mid-Autumn Festival seems to pale in the face of the coronavirus’ onslaught on the economy.

New Industrial Estate To Link Isaan With Mekong Nations

BANGKOK (Xinhua) — A new industrial estate, currently under construction in northeastern Thailand, is primarily designed as a logistics and freight forwarding center in connection with neighboring countries, confirmed a senior government official on Monday.

New Stimulus Package to Boost Spending Amid Tourism Fallout

BANGKOK (Xinhua) — Thailand's Ministry of Finance on Monday said it will roll out new measures designed to boost spending from low-income groups, as well as to support small businesses, which all had been adversely affected by the COVID-19 fallout.

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