A joint committee of three private sector organisations requested a meeting with Prime Minister Prayut Chan-o-cha to discuss measures that would enable private firms to freely import Covid-19 vaccines, Federation of Thai Industries (FTI) president Suphan Mongkolsutee said on Wednesday.
As a series of new Covid-19 clusters prompt factory shutdowns and losses to business and the economy, a top banker has warned the shambolic vaccine rollout could cripple Thailand's manufacturing industry.
(Bloomberg) A series of new Covid-19 clusters have emerged in Thailand’s manufacturing sector, prompting factory shutdowns and losses to business and the economy.
Thailand Plans ‘Pawn Shop’ Style Rescue for Hotels Hit by Covid
Bloomberg 3/11/2021 Anuchit Nguyen and Suttinee Yuvejwattana
(Bloomberg) Thailand is finalizing a rescue plan for tourism-related businesses near collapse from the pandemic that would improve their access to credit from banks wary of further bad loans.
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The Finance Ministry, Bank of Thailand and commercial banks are working on a plan allowing cash-poor companies to temporarily park their assets with lenders in exchange for credit, and reclaim them within a specified period. The aim is to keep small businesses such as hotel operators from having to liquidate distressed assets at firesale prices or go out of business because of their debts.
Fed reassurances fail to calm nervous investors
published : 6 Mar 2021 at 04:00
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Recap: Global stocks in developed and developing markets alike came under pressure again on Friday after reassurances by the chief of the US Federal Reserve failed to soothe investors concerns about a recent surge in borrowing costs. Oil prices also leapt after the Opec and its allies surprised the market by deciding to keep output unchanged.
The SET index moved in a range of 1,487.99 and 1,543.48 points this week and bucked the downbeat trend yesterday by closing up 10.00 points at 1,544.11, an increase of 3.16% from the previous week, in heavy daily turnover averaging 101.08 billion baht.