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BUSINESS

Training schemes for jobless prepped

Business, Chatrudee Theparat, Published on 07/04/2020

» The Higher Education, Science, Research and Innovation Ministry is set to organise training programmes for 40,000 unemployed people who lost their jobs because of the pandemic.

BUSINESS

Cabinet gives green light to B1.9tn stimulus

Chatrudee Theparat, Published on 07/04/2020

» The cabinet on Tuesday approved 1.9-trillion-baht spending to help people and businesses affected by the coronavirus disease 2019 (Covid-19), including 600 billion baht for six-month cash giveaways and 500-billion-baht soft loans for small and medium-sized businesses.

BUSINESS

Minimum wage waiver floated to sustain SMEs

Business, Chatrudee Theparat, Published on 09/04/2020

» The government is being advised to waive the daily minimum wage requirement for six months to help entrepreneurs maintain employment during the pandemic.

BUSINESS

NESDC ordered to rejig strategies

Business, Chatrudee Theparat, Published on 13/04/2020

» The state planning unit, the National Economic and Social Development Council (NESDC), has been ordered to revise the 20-year national strategy (2018-37) and the 12th national economic and social development plan (2017-21) to keep abreast of changing social and economic trends caused by the global economic slowdown and the pandemic.

BUSINESS

Firms sound knell for 10m job toll

Business, Chatrudee Theparat, Published on 14/04/2020

» Thailand risks unemployment surging to 10 million people if the pandemic lasts another 2-3 months, according to the private sector.

BUSINESS

BoI ramps up privileges for local medical equipment

Business, Chatrudee Theparat, Published on 14/04/2020

» The Board of Investment (BoI) approved additional privileges on Monday for medical devices and related industries, with a reduction in corporate income tax by 50% for three years.

BUSINESS

Cabinet approves freeing up funds from fiscal 2021

Business, Chatrudee Theparat, Published on 16/04/2020

» The cabinet on Wednesday approved cutting the investment and regular budgets in fiscal 2021 by 50% and 25% respectively, a move to mobilise funding to ease the financial burden arising from the pandemic.

BUSINESS

Slowdown dents investment

Business, Chatrudee Theparat, Published on 20/04/2020

» With the global economic slowdown and the spreading coronavirus, Thailand's investment applications are likely to fall below last year's 756 billion baht, according to the Board of Investment (BoI).

BUSINESS

Delay on land and building tax urged

Business, Chatrudee Theparat, Published on 21/04/2020

» The private sector has proposed the government to put off the new land and buildings tax act for a year, citing the current economic environments are not yet proper to start a collection in August this year as scheduled.

THAILAND

Power bill cut for 22m houses

Chatrudee Theparat, Published on 21/04/2020

» The cabinet has formally approved energy authorities' decision to either waive or cut electricity charges for 22 million households where people are working at home because of the coronavirus disease.