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Friday, February 26, 2021

2 in 5 Thais Went in Debt Since Virus Struck, Report Says

BANGKOK — Fried chicken vendor Sontaya Mookon, 39, described his debts over the past year as dried layers of dirt caked on a pig’s tail, using a Thai idiom that means “to keep increasing.”

Gov’t Injects 43.5 Bil. Baht Package to Spur New Year Spending

BANGKOK (Xinhua) — Thailand's Ministry of Finance on Wednesday announced that the Thai cabinet had greenlighted another 43.5 billion baht (1.438 million U.S. dollars) package to boost domestic consumption and local travel, as Thailand is still reeling from a flagging economy triggered by COVID-19.

New Budget To Assist Rice Farmers Approved as Price Plummets

BANGKOK (Xinhua) — Thailand's cabinet approved the National Rice Policy Committee's proposal on Tuesday to raise the budget for the rice farmers' income guarantee scheme from 28.711 billion baht (948 million U.S. dollars) to 46.807 billion baht (1.54 billion U.S. dollars).

Economy Shrinks 6.4% in Q3, Gov’t Inks Deal to Borrow From ADB

BANGKOK (Xinhua) — Thailand's economy improved in the third quarter after the government eased COVID-19 restrictions and then rolling out a series of stimulus measures, said Thailand's economic planning agency on Monday.

Travel Guild Wants Gov’t to Waive Quarantine for Chinese Tourists

BANGKOK (Xinhua) — The Association of Thai Travel Agents (ATTA) on Thursday submitted an open letter to Thailand's Tourism and Sports Ministry to allow the entry of Chinese tourists by January under the travel bubble scheme.

There Goes Another One: ‘NYX Cosmetics’ to Exit Thailand

BANGKOK — An LA-based cosmetics company known for their lip creams and eye palettes will close all of their stores at the end of November, the company announced Sunday.

Choo Choo! Thai-Chinese High-Speed Train Contract Inked

BANGKOK (Xinhua) — A key contract for work on the Thai-Chinese high-speed railway from Bangkok to northern Thailand's Nakhon Ratchasima was signed here on Wednesday, injecting new vitality to the country's sluggish economy.

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.

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