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The Ministry of Finance, said today that the new proposal will increase the number of people eligible for the “Rao Chana” relief package to 33.5 million while raising the budget to 3 billion baht.

Under the scheme, each of the 33.5 million recipients will have 7,000 baht wired into their “Pao Tang” accounts in seven weekly instalments of 1,000 baht. The deadline extension until the end of June will also help to mitigate the impact of the new COVID-19 outbreak.

The Rao Chana scheme provides 7,000 baht in subsidies to each person registered as being affected by the COVID-19 situation.

The Ministry of Finance has clarified that the Rao Chana scheme is not accepting new applicants at this time, and the additional 3- billion-baht budget approved by the Cabinet is for funding the program which has been extended for another month.

The cabinet approved to extend the deadline for people to use the cash payments by one more month, from May 31 to…

BANGKOK (NNT) – Thailand’s fruit exports continue to increase, despite the sluggish global economy caused by the COVID-19 pandemic, with key trade partners being countries that have free trade agreements (FTAs) with the kingdom.

Thai durian, mangosteen, longan and mango are popular in China, Hong Kong and ASEAN member states.

Director-General of the Department of Trade Negotiations, Oramon Sapthaweetham, said Thai fruit exports, to 18 countries which have FTAs with Thailand, reported 107 percent growth in the first two months of 2021, compared to the same period of last year. The total trade value was US$461 million, accounting for 94.94 percent of the country’s total fruit exports.

China, Malaysia, Singapore, Indonesia, the Philippines, Hong Kong, Australia and Chile are top importers of Thai fruits, especially fresh durian, mangosteen, longan and mango. Thai exporters are able to benefit from FTA privileges.

Currently, Tha…

Following the real-world experiment with remote working, it’s time for business leaders to re-examine their previous misgivings, and explore how to adopt flexible working in the long term

“Remote working isn’t right for our business.”“We don’t have the technology to support people working elsewhere.”“Our employees will take advantage if they’re not in the office.”

Pre-pandemic, the above were just some of the reasons business leaders gave for not adopting remote work. Following the pandemic, those reasons don’t carry quite so much weight. COVID-19 created the world’s largest homeworking experiment and, for many, showed just how possible it was for employees to do their jobs without being at the office. 

However, if you’re still not convinced, perhaps it’s time to re-examine the barriers and look at how they could be overcome within your organisation.

1. The first barrier: Technology The pre-pandemic problem

A survey by The UK Work …

BANGKOK, March 12, 2021 – Companies listed on Market for Alternative Investment(mai) reported combined sales of THB 166.88 billion (approx. USD 5.42 billion)in 2020, down 7.2 percent from a year earlier.

Their core operating profit rose 8.3 percent to THB 6.44 billion in 2020, while aggregate net profit declined63.0 percent to THB 3.37 billion due to COVID-19 pandemic impact. However, the recovery gathered steam in H2/2020.

– Operating profit up 8.3 pct to THB 6.44 billion– Total sales down 7.2 pct to THB 166.88 billion– Earnings of mai-listed firms continued to rebound in Q4/2020

mai President Prapan Charoenprawatt said that 169 mai-listed companies,representing 95 percent of the total 177 firms (excluding those in thenon-compliance group or NC, those using different accounting period, and thosenot submitting the report in time), submitted the 2020 financial reports, endedDecember 31, 2020. A total of 114 companies, accou…

Similar to foreign business laws existing in most Asian countries, Thai laws have imposed restrictions on foreign ownership of Thai companies.

These restrictions are stipulated in the Foreign Business Act 1999 and specific laws governing certain sectors, e.g. the Banking Act, Insurance Act, and Land Act. In addition, some companies may choose to incorporate foreign ownership limit in their articles of association.

Special vehicles have been created to facilitate foreign investors so that they are able to invest in Thai securities flexibly and conveniently. 

In normal practice, foreign investors have to invest in securities designated for foreign investors on the foreign board to fully obtain all voting rights and financial benefits. In case that the foreign ownership limit has been reached and foreign investors cannot acquire securities designated for foreign investors, they may choose to trade in domestic liquidity pool by investing in se…

BANGKOK (NNT) – The Board of Investment (BoI) is working with related agencies to rev up promotion of the bio-, circular and green (BCG) economy to help drive growth over the next 5 years.

BoI Secretary-General Duangjai Asawachintachit said the BoI is looking into more business categories for high technology as part of efforts to promote the BCG economy.

She said the government is focused on developing the bio-economy as Thailand has more than 30 million people working in the farm sector, yet most of them remain in poverty.

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