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 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.
Backlash Against ‘Poverty Porn’ Thai Life Insurance Ad
BANGKOK — Yad doesn’t know anything about the new normal, and doesn’t seem to be aware of silly issues like unemployment and inflation. He’s a simple-minded rural man who plants rice with his bare hands, while a piano cover of “Take Me Home, Country Roads” plays in the background.
Thailand Partners With Alipay to Boost Chinese Expats’ Spending
BANGKOK — The Tourism Authority of Thailand on Thursday said it signed a partnership with China’s mobile payment platform Alipay in an effort to support domestic tourism amid the coronavirus pandemic.
Economy May Expand by ‘4-5%’ Next Year, Finance Chief Says
BANGKOK (Xinhua) — Thailand's finance minister said on Wednesday that Thai economy may expand by 4 percent to 5 percent next year.
