Daily Highlights Week 37 (8-11 September 2020)

11 September 2020

‘Two giant foreign IT firms have expressed interest in spending 30-40 billion baht each in investment in the Digital Park Thailand, a 700-rai area in Chon Buri meant to serve as a regional hub for digital innovation, says Buddhipongse Punnakanta, digital economy and society (DES) minister.’

Read more at: https://www.bangkokpost.com/business/1983383/foreign-it-firms-eyeing-eec-investment

The National Strategy Plan for 2021-2022 has been revised. It aims to focus more on economic recovery and human capital development after Covid-19 crisis.

Read more at: https://www.nationthailand.com/business/30394335?utm_source=category&utm_medium=internal_referral


10 September 2020

5 billion crowns ($570 million) is provided for Swedish small businesses to replace income loss from March to July owing to the outbreak of the Covid-19.

Read more at: https://www.reuters.com/article/health-coronavirus-sweden-budget/swedish-small-businesses-to-get-570-mln-aid-news-agency-tt-idUSL8N2G65UG

‘Thailand will have to tolerate the possibility of new coronavirus cases when it reopens its borders to international tourists, but the country can minimise the impact and avoid a bruising level of unemployment with risk management, says the Tourism Authority of Thailand (TAT).’

Read more at: https://www.bangkokpost.com/business/1982735/tat-says-country-ready-to-reopen

The Tourism Authority of Thailand (TAT) plans to launch a special tourist visa for foreigners who wish to enter Thailand.

Read more at: https://www.nationthailand.com/news/30394306?utm_source=category&utm_medium=internal_referral


9 September 2020

‘The key digital marketing trends for business in the new normal are sales performance, media-fuelled creativity, precision marketing, gaming, personalised ads, data- and tech-powered D2C (direct-to-customer) and influencers, says the Digital Advertising Association of Thailand (DAAT).’

Read more at: https://www.bangkokpost.com/business/1982051/daat-urges-new-marketing-methods

‘The cabinet yesterday approved a new measure to create jobs as the government tries to revive an economy devastated by the coronavirus pandemic.’

Read more at: https://www.bangkokpost.com/thailand/general/1981923/govt-to-subsidise-graduates-wages

‘Outgoing Bank of Thailand Governor Veerathai Santiprabhob said public debt restrictions should be eased to allow the government to spend more as monetary policy options dwindle with interest rates already at an all-time low.’

Read more at: https://www.bangkokpost.com/business/1982319/bank-of-thailand-governor-sees-stronger-fiscal-role-for-recovery


8 September 2020

Foreigners should renew their visas before 26 September.

More information can be found at: www.immigration.go.th.

Read more at: https://www.bangkokpost.com/thailand/general/1980419/foreigners-urged-to-renew-visas-before-sept-26

8.8 billion baht in revenue was generated by the recent special holidays.

Read more at: https://www.bangkokpost.com/thailand/general/1981331/long-holiday-rakes-in-b8-8bn

Logistic industries may shrink by 10% or at 200 billion baht loss due to the economic downturn caused by the Covid-19 attack.

Read more at: https://www.bangkokpost.com/business/1981603/logistics-set-to-see-b200bn-income-loss

As a result of the Covid-19 outbreak, job demands dropped 16.5% during its beginning and significantly fell at 75.7% after facing the peak of the pandemic and lockdown measures.

Read more at: https://www.nationthailand.com/news/30394142?utm_source=category&utm_medium=internal_referral

The Bank for Agriculture and Agricultural Cooperatives (BAAC) reduced loan target after facing impacts from the Covid-19 outbreak and more borrowers entering debt moratorium program.

Read more at: https://www.bangkokpost.com/business/1981619/baac-slashes-loan-target-due-to-covid

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