Business

SOUTH Korea is among several countries urging Thailand to relax the travel ban and allow its business people and the private sector to again come here but their country has seen a new spike in infections centred around nightclubs and bars in Seoul, INN News and Reuters reported today (14.5.2020). Prime Minister Prayut Chan-o-cha this

THE Ministry of Tourism and Sports is getting ready to approve relief measures for this key industry which has been badly impacted by the coronavirus pandemic and may distribute 5,000 baht a month for three months to those affected, INN News reported today (10.5.2020). Sarawut Sae Tiew, a member of this ministry’s tourism working group

DEPUTY Prime Minister Somkid Jatusripitak said today (8.5.2020) that with the overall picture of the Thai economy in the first quarter not being good and the second quarter still worrying as exports are in a poor shape while tourism is in a crisis there remains only one functioning economic engine and that is the domestic

IN a bleak projection of the coronavirus-wracked Thai real estate market Century 21 (Thailand) Company said developers are now facing liquidity problems and have started selling their assets to keep afloat with land prices expected to drop by 20-30% in the second half of this year, PostToday reported this afternoon (7.5.2020). Kittisak Jampathipphong, president and

A POLITICAL activist staged a small demonstration at the centre to receive complaints over the 5,000 baht cash giveaway with a weeping elderly woman later joining in and airing her pressing problems amid the coronavirus lockdown, INN News reported today (5.5.2020) Just as Mr Thanakorn Wangboonkongchana, secretary of the Finance Minister, was about to leave

AFTER shutting down one reckless restaurant in Bangkok for not heeding warnings to strictly follow the emergency measures, the government told other operators to be careful or they too could be closed, PostToday reported today (5.5.2020). This warning came after the  government today reported one new coronavirus case and no additional deaths, bringing the total

IN a worrying projection issued on International Labour Day well-known Thai economist Anusorn Tamajai warned that the job cut and unemployment crisis will worsen in this the second quarter of the year and  continue in the third quarter both in Thailand and across the world. The analysis issued Mr Anusorn in his capacity as president

ASEAN tourism ministers agreed during a video conference today (29.4.2020) to boost cooperation within the bloc to quickly revive tourism after the coronavirus pandemic eases, PostToday reported. Tourism and Sports Minister Pipat Ratchakitprakan conferred with his counterparts from the Office of the Permanent Secretary for Tourism and Sports with Cambodian Tourism Minister Dr Thong Khon

WITH the coronavirus pandemic having triggered uncertainty across the globe, here in Thailand all eyes are on the key auto industry but the latest figures for March 2020 are dismal showing a steep plunge of 41.7%, Sanook.com reported this afternoon (28.4.2020). A total of 60,105 vehicles were sold in March, a giddy drop of 41.7%

AS Deputy Prime Minister Somkid Jatusripitak is giving importance to reviving the economy at the grassroots level in face of the coronavirus pandemic, the National Village and Urban Community Fund Office is now quickly pushing the barter of goods between communities across the nation such as rice for fish, PostToday reported today ( 27.4.2020). The

IN a sign of changing times Karens living on the hills in northern Thailand sent seven tons to rice to the Sea Gypsies living in Phuket’s Rawai village who in turn sent them a ton of salted fish with the northerners saying this transaction is to help the southerners and not focus on the value,

GETTING ready to reopen its branches on May 1 after being ordered temporarily closed as the country’s fought the coronavirus pandemic is Central Department Store which has sent a letter to its business partners to also start preparing, PostToday reported today (19.4.2020). In this letter Central said all its branches will be opening and closing

Trang – A para-rubber pillow manufacturer in this southern province has been so badly hit by the coronavirus pandemic he is dumping  a large stock piled up since January at cost price to get some liquidity, PostToday reported today (17.4.2020). The Rubber Cooperative Bann Nong Krok, which is a member of the Rubber Authority of

THE first round of gold prices announced at 9.35 a.m. this morning (16.4.2020) saw a big jump of 200 baht in the local market, Sanook.com reported while also asking its readers whether they had got their profit yet. Buying price of one baht weight ornament gold was fixed at 25,529.00 baht while selling price 26,700.00.

As gold prices held steady this morning (15.4.2020) after hitting an over seven-year high the previous session, Thai gold shops are in a bad shape as the flood of sellers have led to liquidity problems with some pondering temporary shut down or asking their clients to accept payment at a later date, Jitti Tangsitpakdi, Chairman

BANGKOK Land Plc plunged into mourning after the company’s big boss Anant Kanjanapas died of old age at 80 in Bangkok Nursing Home Hospital (BNH) yesterday,  Sanook.com reported today (14.4.2020) His family said they would be performing funeral rites for Anant after the lockdown is over with an announcement to be made later.

THE Asean video conference summit got under way this morning (14.4.2020) with Thai Prime Minister Prayut Chan-o-cha suggesting that five measures be adopted to battle against the coronavirus pandemic with one being the establishment of “Asean Response Fund,” PostToday reported. Speaking to the Asean leaders from Government House, Gen Prayut mentioned that leading private sector

WITH much of the world locked down as the coronavirus pandemic spreads far and wide farmers have been heavily impacted with one of them who raises shrimp for export today (11.4.2020) selling a ton of her stock at a steep discount of 250 baht a kilogramme, down from 450 baht, in Ratchaburi province, PostToday reported.

THE Federation of Thai Capital Markets Organization (FETCO) said today (10.4.2020) that the government has called a large group of private sector entities to the first meeting on working out ways to handle the coronavirus pandemic and reviving the economy on April 13, Songkran Day, PostToday reported. Paiboon Nalinthrangkurn, FETCO chairman, said in a Facebook

WITH cities empty as the coronavirus rages across the globe, most people are not just focusing on survival but also their financial future, yet this could be put on sounder footing with investment in gold as suggested by an expert who sees it reaching $5,000 an ounce in a few years. US sadly recorded the