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THAI must jump-start recovery procedures, stresses Thai PM
The cabinet decides to kick-start a business recovery plan to keep Thai Airways (THAI) going and bring in management professionals to re-establish it as a national airline, said Thai Prime Minister and Defense Minister Prayut Chan-o-cha after a cabinet meeting.
Thai gov't should ease lockdown restrictions to prop up economy
The country's lockdown measures are costing the economy 65 billion baht a month, or 0.40 percent of the monthly GDP. Therefore, she believed that Thailand should gradually lift the lockdown measures to drive the continued economic development.
Thailand preparing for second phase of easing lockdown measures
Deputy Prime Minister and Public Health Minister Anutin Charnvirakul said that at the cabinet meeting held on May 12, his ministry reported on the COVID-19 epidemic prevention and control and the guidelines on how to respond if the second phase of easing lockdown measures are implemented.
Thai cabinet approves exemption of factories from annual charges
Deputy government spokeswoman Traisuree Taisaranakul said that the cabinet approved the exemption of all category 2 and category 3 factories of all sizes from the annual charges required under the Factory Act B.E. 1992 for one year.
10 million Thai farmers to get 5,000-baht monthly relief grant
Government spokeswoman Narumon Pinyosinwat revealed that the cabinet approved the 2/2020 meeting resolution of the review committee on the use of loans submitted by the National Economic and Social Development Council (NESDC).
Thailand sees less new businesses set up in Q1
The number of newly registered companies nationwide in the first quarter of 2020 was 19,415, an increase of 5,538 or 40 percent from 13,877 in the fourth quarter of 2019, but a decrease of 1,335 or 6 percent from 20,750 in the first quarter of 2019.
Thai central bank urges financial institutions to provide best relief measures amid Covid-19
The central bank has been closely monitoring the situation of the Covid-19 outbreak, which has affected businesses and people, and has ordered financial institutions and government banks to provide the best possible assistance to those affected by the outbreak.
Global oil market remains oversupplied despite continued cuts
Global oil prices rose slightly from April 6 to April 12 as OPEC and its allies, known as OPEC Plus, reached a preliminary deal to gradually reduce oil output until 2022, but the cuts still cannot address the glut in the oil market, and oil prices are expected to continue the downward trend.
Thailand calls for joint fund to combat Covid-19
Government spokeswoman Narumon Pinyosinwat summed up the key points made by Prime Minister and Defense Minister Prayut Chan-o-cha at a special meeting of ASEAN leaders to combat Covid-19 outbreak.
Thailand's total border trade and cross-border trade volume totals 170 billion baht in January-February 2020, down 6.4 percent, says MOC
in January-February 2020, Thailand's total volume of border trade and cross-border trade was 171.314 billion baht, shrinking 6.46 percent.
Thailand's tourism confidence index drops to a 9-year low of 57 in Q1 2020 due to Covid-19 outbreak, says TCT
Mr. Chairat Triratanatcharaphon, chairman of the Tourism Council Of Thailand (TCT), announced a tourism confidence index of 57 for the first quarter of 2020, lower than 88 for the fourth quarter of 2019, registering a 9-year low.
EXIM Thailand introduces long-term low-interest loans without handling fees charged and relaxes conditions to reduce burden on Thai exporters and help fight the epidemic
EXIM Thailand introduces long-term low-interest loans without handling fees charged and relaxes conditions to reduce burden on Thai exporters and help fight the epidemic.
Thai energy agency to promote development of smart grids
The Energy Policy and Planning Office attaches great importance to smart grid development and has incorporated it into the national electricity development policies, said Mr. Wattanapong Kurowat, director-general of the Office.
Thai minister urges meteorological department to improve weather forecast accuracy
Thai Minister of Digital Economy and Society said that he had urged the TMD to provide information support for farmers and fishermen to make relevant decisions and improve weather forecast accuracy by adopting modern digital technologies.
AEM meeting opened to promote regional economic development
The 51st ASEAN Economic Ministers’ Meeting (AEM) was held in Bangkok, Thailand. The economy ministers from Thailand and other ASEAN member states attended the opening ceremony.
MOC holds seminar for self-certification of origin of goods to help exporters cut costs and enhance convenience
DFT recently revealed that the DFT held a seminar themed "Enhancing the self-certification capacity of origin of goods", aiming to explain to exporters how to use the preferential rights of the self-certification of origin of goods.
SAO accelerates the implementation of "food, shopping, and consumption" program and encourages more merchants get registered
Ms. Suttirat Rattanachot, director general of Thailand's State Audit Office (SAO), revealed that today, merchants were invited to attend the government's promotion event about the procedure and benefits of "food, shopping, and consumption" program.
Egg price continues to rise after OAE takes measures to balance production
Head of Thai Office of Agricultural Economics (OAE) of the Ministry of Agriculture and Cooperatives, said that the past three months saw continued rise of egg price, which was higher than production cost.
MOC works with customs to develop e-customs system and offer unified services within ASEAN
Head of the Department of Foreign Trade (DFT) of the Ministry of Commerce (MOC), revealed that as an institution managing and promoting foreign trade, DFT worked with customs departments to offer "National Single Window & Thai Customs Electronic System for CLMVT Countries.
Ministry of Commerce of Thailand intends to organize an SEOM Meeting
Ms. Onmon Subthawitham, Chief of the Department of International Trade Negotiations, Ministry of Commerce of Thailand revealed that the Department would host the 3rd/50th Conference for ASEAN Senior Economic Officials (SEOM) on July 14-18.
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