17 September 2020
The Centre for Economic Situation Administration (CESA) approved 51 billion baht for the consumption stimulus package. About 24 million people will receive benefits through discounts.
16 September 2020
‘Thailand is moving cautiously to reopen its borders with a new plan to allow foreign visitors to stay in the country for 90 days, extendable up to 270 days under a special tourist visa scheme (STV), which is projected to generate 12 billion baht a year.’
‘Although the tourism industry is delighted with the first step of reopening the country to international tourists, operators are prepared to see slow demand in the beginning because a 14-day quarantine is mandatory for those who want a special tourist visa (STV), said Chairat Trirattanajarasporn, president of the Tourism Council of Thailand.’
‘The Ministry of Transport will remove tollway booths and remodel billing systems to incorporate vehicle recognition, in a bid to reduce congestion on tollway and expressways next year.’
15 September 2020
The Association of Thai Travel Agents (Atta) plans to propose a scheme allowing short-haul visitors to travel without a 14-days quarantine. The plan will go through a public hearing.
The deputy of the Bureau Budget declares the delay of the annual budget for the fiscal year 2021. Some new investment projects may be postponed.
The Asian Development Bank (ADB) stated 45 developing countries in Asia are facing an economic downturn with a prediction of 0.7% shrink for the first time in 60 years due to the Covid-19 outbreak.
Read more at: https://www.bbc.com/news/business-54157000
‘Sweden to lift COVID ban on visits to care homes‘
14 September 2020
‘In an exclusive interview with the Bangkok Post, the former National Anti-Corruption Commission (NACC) member stressed the need to stamp out graft in the judicial system and processes which have discouraged investors, most of whom do not want to pay kickbacks and/or bribe corrupt officials.’
‘The Finance Ministry is working out details of the shopping stimulus. The government will support half of the daily consumption spending by low-income groups. The measure is expected to be implemented from October to December.’
Read more at: https://www.nationthailand.com/business/30394478
The Tourism Authority of Thailand (TAT), the Public Health Ministry, and the Centre for Covid-19 Situation Administration (CCSA) are working together to find a balanced plan on health security and economic survival. The plan will be effective for all provinces in Thailand.
13 September 2020
Drinking water plastic bottles have turned into high-quality yarn under the recycled procedure to produce coveralls for doctors through the Corporate Social Responsibility (CSR) project from HSBC Thailand.