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.
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.
