Daily Highlights Week 34 (17-21 August 2020)

21 August 2020

‘Hoteliers say they need more demand from state agencies to support domestic meetings in provincial areas as the economic impact from the coronavirus crisis cuts deeper.’

Read more at: https://www.bangkokpost.com/business/1972063/hotels-await-boost-from-state-agency-meetings

‘The Federation of Thai Industries (FTI) is in talks with private and state-owned companies to devise ways to create jobs as the pandemic threatens to leave millions of workers unemployed this year.’

Read more at: https://www.bangkokpost.com/business/1971871/fti-hammers-out-job-creation-path

‘In the first meeting of the newly formed Center for Economic Situation Administration, Prime Minister Prayut Chan-o-cha agreed in principle to allow inbound tourists in Phuket from Oct 1 under limited conditions.’

Read more at: https://www.bangkokpost.com/business/1971923/safe-and-sealed-gears-up-to-greet-phuket-visitors

The CCSA has resolved to extend the emergency decree until 30 September. The National Security Council said that it will not enforce the emergency decree to control political protests if these are held lawfully.

Read more at: https://www.nationthailand.com/news/30393310?utm_source=category&utm_medium=internal_referral

20 August 2020

The government is launching more stimulus measures by allocating more budgets to boost domestic tourism and job creations for unemployed and new graduates.

Read more at: https://www.bangkokpost.com/business/1971171/stimulus-measures-to-boost-virus-hit-economy

Thailand is now adopting a “smart city” model by having top municipalities and universities as pilots. The authorities plan to complete streets placing priority on pedestrians, followed by cyclists, public transport users, and private car users in “smart blocks” area or experimental zones of 0.25 square kilometres in communities.

Read more at: https://www.bangkokpost.com/thailand/general/1971179/reduced-traffic-smart-city-plan-takes-off#cxrecs_s

19 August 2020

‘The Cabinet on Tuesday approved five more financial-relief measures to support small and medium-sized enterprises (SMEs) and individuals suffering fallout from Covid-19 and other crises.’

Read more at: https://www.nationthailand.com/business/30393160?utm_source=homepage_hilight&utm_medium=internal_referral&fbclid=IwAR26p9rEpJD0MnL3Z5gnPx6BlQDk6NnsUmgvLzWLwEjj1sHvgJidjba0MpY

CCSA subcommittee has proposed the extension of emergency decree to September.

Read more at: https://www.bangkokpost.com/thailand/general/1970987/state-of-emergency-likely-to-be-extended

‘The Covid-19 pandemic has triggered a massive disruption of labour markets, having a disproportionate impact on the employment of young people.’

Read more at: https://www.nationthailand.com/business/30393155?utm_source=homepage_hilight&utm_medium=internal_referral&fbclid=IwAR3VtsWkPZxRSghrFDnYtQGkLQus29e3gh2qmQ3bPvcb1ctSFOYnBK_e2MY

‘Thailand’s digital content industry is expected to surpass 30 billion baht in value this year, driven by the rise in demand as users spend more time online in the wake of the coronavirus pandemic.’

Read more at: https://www.bangkokpost.com/business/1970607/digital-content-industry-poised-to-surpass-b30bn

The president of the Thai Hotels Association has asked the government to include expats in the second phase of tourism stimulus with more attractive discounts.

Read more at: https://www.bangkokpost.com/business/1970671/hotels-want-expats-to-get-stimulus-perks

18 August 2020

The Department of Employment is creating 90,000 vacant positions for the unemployed both in the domestic and international arena to boost the economy.

Read more at: https://www.nationthailand.com/news/30393123?utm_source=category&utm_medium=internal_referral&fbclid=IwAR0JvvNXJ3vVPb-8no0WBFpAviYjHAVYeNgttdRj2lSMNkH0zhKgFjAOsNw

Technology stocks and the crude oil price influenced the Thai currency. The baht will move in a wide range affected by foreign investors’ concerns about the political situation and the Thai economy’s direction.

Read more at: https://www.nationthailand.com/news/30393122?utm_source=category&utm_medium=internal_referral&fbclid=IwAR25UULq4WOOMETWc3rF-aWhe7iklFX1y1q6emtZsL8-xXeZqb7OXZXLSWo

The economic team is aiming to improve the soft loan conditions for small and medium-sized enterprises (SMEs) by prioritising the approval processes to make it easier for borrowers to access and sustain jobs.

Read more at: https://www.bangkokpost.com/business/1969923/sme-soft-loan-conditions-may-be-relaxed-for-better-access

The Education Ministry has launched a new platform ‘Thailand Education Eco-System’ to increase the capabilities of students to meet the needs of employers in this century.

Read more at: https://www.bangkokpost.com/thailand/general/1969855/major-education-overhaul-in-works

17 August 2020

The Joint Foreign Chambers of Commerce in Thailand (JFCCT) said that the political change will not have an effect on the Eastern Economic Corridor’s economic activities. The EEC investment plans would continue because the project was under the PM’s supervision and the EEC Act 2018.

Read more at: https://www.nationthailand.com/news/30393053?utm_source=homepage&utm_medium=internal_referral

Will the new Energy Minister support the Federation of Thai Industries (FTI)’s white paper on renewable energy to promote production of renewable energy at community level?

Read more about the white paper at: https://www.nationthailand.com/news/30393016?utm_source=homepage_hilight&utm_medium=internal_referral

‘Explainer: Thailand’s anti-government protests’

Read more at: https://www.reuters.com/article/us-thailand-protests-reasons-explainer/explainer-thailands-anti-government-protests-idUSKCN25C0LQ

‘The drill, which is in preparation for the imminent re-entry of workers and tourists, will be conducted via teleconference, with the ministry’s officials addressing Covid-19 response units in each of these provinces, according to the Ministry of Defence.’

Read more at: https://www.bangkokpost.com/…/drills-on-covid-protocol-begin


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