Daily Highlights Week 44 (26-30 October 2020)

31 October 2020

‘Hotels baulk at ALSQ certification’

Read more at: https://www.bangkokpost.com/business/2011483/hotels-baulk-at-alsq-certification

30 October 2020

The Tourism Authority of Thailand indicates Bangkok has the best equipped public health system and quarantine facilities to take care of international tourists, which would make it more manageable if any cases emerge.

Read more at: https://www.bangkokpost.com/business/2010731/tat-says-all-arrivals-must-stay-at-asq-facilities-in-bangkok

‘Many foreigners are expected to apply for visa renewals before the amnesty ends on Oct 31 so immigration offices on Chaeng Watthana Road and at Muang Thong Thani, which are normally closed on weekends, will open tomorrow from 8.30am to 4.30pm’

More information is available at www.immigration.go.th and the IB hotline at 1178.

Read more at: https://www.bangkokpost.com/thailand/general/2010659/visa-offices-to-open-tomorrow

IKEA is opening their first second-hand store in Sweden on Monday! In a bid to become circular, they will focus on recycling and reusing.

Read more at: https://www.reuters.com/article/uk-ikea-second-hand/ikea-opens-pilot-second-hand-store-in-sweden-idUSKBN27E3GO

‘As the national communicable disease committee approves the national quarantine policy draft, its panel of health experts said they agree in principle with the proposal to reduce the mandatory quarantine period for returnees from 14 to 10 days.’

Read more at: https://www.bangkokpost.com/thailand/general/2010643/panel-proposes-quarantine-cut-to-10-days

‘Finance Ministry lifts growth forecast to -7.7% after signs of recovery’

Read more at: https://www.nationthailand.com/business/30397003

‘Branding health’

Read more at: https://www.bangkokpost.com/business/2011055/branding-health

‘Central banks unload gold as virus bites’

Read more at: https://www.bangkokpost.com/business/2010795/central-banks-unload-gold-as-virus-bites

‘Sweden preparing further measures to support COVID-hit companies -DN newspaper’

Read more at: https://www.reuters.com/article/health-coronavirus-sweden/sweden-preparing-further-measures-to-support-covid-hit-companies-dn-newspaper-idUSL8N2HL8EE

29 October 2020

Foreign investors are keen to invest in Thailand but could change their mind if the political unrests continue, said the chairman of the Thai Chamber of Commerce.

Read more at: https://www.nationthailand.com/business/30396939

Government insists all quarantine facilities “safe”

Read more at: https://www.bangkokpost.com/thailand/general/2009987/government-insists-all-quarantine-facilities-safe

‘Private sector worried over economic impact of political turmoil’

Read more at: https://www.nationthailand.com/business/30396939

‘More than Bt1bn foreign investment approved in Sept’

Read more at: https://www.nationthailand.com/business/30396937

‘Cabinet okays reopening to tourists, yacht crews’

Read more at: https://www.bangkokpost.com/business/2010091/cabinet-okays-reopening-to-tourists-yacht-crews

28 October 2020

‘Sweden’s SKF, the world’s biggest maker of industrial bearings, beat quarterly earnings forecasts on Tuesday, helped by an efficiency drive and a pick up in some markets, but said the outlook remained uncertain.’

Read more at: http://reuters.com/article/skf-results/update-2-bearings-maker-skf-beats-forecasts-again-as-demand-recovers-idUSL8N2HI4D1

‘Thai emergency decree extended to end-November to curb coronavirus’

Read more at: https://www.reuters.com/article/us-health-coronavirus-thailand/thai-emergency-decree-extended-to-end-november-to-curb-coronavirus-idUSKBN27D0VM

27 October 2020

‘The use of free trade agreement (FTA) privileges and the Generalized System of Preferences (GSP) by Thai exporters fell by 14.8% year-on-year in the first seven months of 2020, in line with the country’s lower overall exports because of the pandemic.’

Read more at: https://www.bangkokpost.com/business/2008807/use-of-fta-perks-gsp-declines-in-first-7-months

The Industry Minister said the current demonstrations against the government will not seriously affect the Thai economy as the foreign investors view them as short-term events and are concerned more about the pandemic issue.

Read more at: https://www.bangkokpost.com/business/2008783/suriya-protests-not-derailing-fdi

Covid-19 experimental vaccines developed and produced by the University of Oxford and AstraZeneca resulted in an immune response in both young and old adults and lower adverse responses among the elderly, showing a positive sign of success.

Read more at: https://www.reuters.com/article/health-coronavirus-astrazeneca-vaccine-idUSKBN27B0J1

Reminder: Foreigners whose visas are expiring should submit their applications for extension of temporary stay before 31 October 2020.

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

Source: https://www.nationthailand.com/news/30396860?utm_source=category&utm_medium=internal_referral

26 October 2020

‘Sweden’s Autoliv, the world’s largest producer of airbags and seatbelts, reported higher than expected quarterly earnings on Friday as it returned to profit in the wake of a coronavirus-linked plunge in car production.’

Read more at: https://www.reuters.com/article/us-autoliv-results/autoliv-posts-quarterly-profit-beat-as-sales-recover-from-pandemic-blow-idUSKBN2781IF

Deputy Prime Minister indicated strategies to stimulate national revenue next year.

Read more at: https://www.nationthailand.com/business/30396671?utm_source=category&utm_medium=internal_referral

‘Somkiat warns crisis close to boiling point’

Read more at: https://www.bangkokpost.com/thailand/politics/2008119/somkiat-warns-crisis-close-to-boiling-point

‘Thailand sets new criteria to woo train, EV manufacturers’

Read more at: https://www.nationthailand.com/business/30396798

‘Government to draw up list of Covid-19 low-risk countries to consider easing restrictions’

Read more at: https://www.nationthailand.com/business/30396709


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