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.
Exports Bottom Low, But on Recovery Path, Minister Says
BANGKOK (Xinhua) — The Thai Ministry of Commerce on Monday released the latest data, indicating that Thai export figures have hit bottom low, and with no local COVID-19 cases for nearly three months and businesses resuming, it is on its path to recovery.
Sino-Thai Trade Continues to Grow Despite Pandemic
BANGKOK — The Thai economy will continue to prosper from trade with China despite the pandemic and the absence of deep pocket Chinese tourists, a panel of experts said Thursday.
Battered by Virus, Thai GDP Suffers Biggest Decline in 22 Years
BANGKOK (AP) — Thailand’s economy contracted at a 12.2% annual rate in the April-June quarter, its sharpest downturn since the Asian financial crisis of the late 1990s.
