Daily Highlights Week 39 (21-25 September 2020)

25 September 2020

‘Government stimulus schemes are expected to inject Bt100 billion into the economy in the last three months of this year, Deputy Prime Minister Supattanapong Punmeechaow told the Krungthep Turakit newspaper.’

Read more at: https://www.nationthailand.com/business/30395085

24 September 2020

‘With rising demand for rubber gloves, products related to working from home, appliances, healthcare items and food because of the pandemic, the Commerce Ministry expects the country’s overall exports to shrink by just 5-8% this year.’

Read more at: https://www.bangkokpost.com/business/1990675/pandemics-needs-ease-export-drop

23 September 2020

‘Thailand Elite Card plans to add work permit privileges for members who invest US$1 million in Thailand, with the end of visa amnesty pushing member applications to a record high in August and September.’

Read more at: https://www.bangkokpost.com/business/1989351/work-permits-for-thai-elite

‘The state-run Electricity Generating Authority of Thailand (Egat) is paving the way for development of charging outlets for electric vehicles (EVs) by using data collected from a test run of its own newly developed electric motorcycles, buses and boats.’

Read more at: https://www.bangkokpost.com/business/1990083/egat-gathers-data-for-ev-charging-outlets

‘Bank of Thailand’s deputy governor Ronadol Numnonda said the central bank is studying the pros and cons of virtual banking now that central banks in other countries have granted licences for digital banking.’

Read more at: https://www.nationthailand.com/business/30394966

22 September 2020

The Swedish government will provide 105 billion crowns through tax cuts and spendings aimed to boost the 2021 economy after facing a severe year caused by the Covid-19 pandemic.

Read more at: https://www.reuters.com/article/us-sweden-economy-budget/swedish-government-promises-12-billion-to-kick-start-economy-in-2021-budget-idUSKCN26C0L3

Huawei Thailand invests 475 million baht to launch the first 5G Ecosystem Innovation Center in ASEAN at the Digital Economy Promotion Agency’s (Depa) headquarters.

Read more at: https://www.bangkokpost.com/business/1989431/huawei-invests-b475m-in-5g-research-hub-at-depa

The government gives the green light to two additional long-weekend holidays during 19-22 November and 10-13 December to stimulate the economy.

Read more at: https://www.bangkokpost.com/thailand/general/1989779/cabinet-nod-for-long-holidays-in-nov-dec

21 September 2020

‘The special tourist visa (STV) scheme is starting to gain momentum as overseas offices under the Tourism Authority of Thailand (TAT) report high interest from tour agents.’

Read more at: https://www.bangkokpost.com/business/1988811/special-visa-provisions-prompt-tat-inquiries

‘More than 10,000 Scandinavians have inquired about the new extended visit programme the resort province is preparing to offer, according to Thailand Longstay Company.’

Read more at: https://www.bangkokpost.com/business/1988775/phuket-targets-long-stay-scandinavians

Joining a free trade agreement with the European Union will provide both positive and negative impacts on Thailand, a study by the Institute of Future Studies for Development indicates.

Read more at: https://www.nationthailand.com/business/30394785

Political protests last weekend has no effect on Thai baht. The strengthening of the baht still in line with the dollar.

Read more at: https://www.nationthailand.com/news/30394854

Significant changes in the supply chain accelerated due to the Covid-19 pandemic. Will relocation and reorganisation of global supply chains continue long-term?

Read more at: https://www.bangkokpost.com/business/1988911/supply-chain-shake-up


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