Moody’s Investors Service says in a new report that the aggregate EBITDA of Asian refiners will decline by around 30% Aggregate EBITDA will decline around 30% in 2020 on steep inventory losses and weak margins A gradual economic recovery will improve margins in 2021, but risks are tilted to the downside “EBITDA and margin will […]
Thailand was voted to be the world’s best place to start business for the second consecutive year, according to the Department of Business Development. Wuthikrai Leeviraphan, director-general of the department, said that recently U.S.News & World Report posted its list of “Best Countries to Start a Business 2020” and Thailand ranked first for the second […]
General Natapol Nakpanich, the deputy army chief and deputy head of an ad hoc committee on the relaxation of COVID-19 control measures, said the extension of the state of emergency would rarely impact society because people could continue with their normal life and rallies or anti-government protests could be organized. The Center for COVID-19 Situation […]
BANGKOK (NNT) – Though COVID-19 has badly impacted many industries, some such as medical science and technological advancement may benefit from aspects of the crisis. The University of the Thai Chamber of Commerce, has suggested Thai entrepreneurs grab the opportunity to develop innovations, and some Chinese medical equipment companies are preparing to move their production […]
In January, Thailand became the second country to confirm a COVID-19 case but, since then, the country has shown remarkable resilience and, as of late July, there had not been any recorded cases of domestic transmission for nearly two months. Gita Sabharwal, the UN Resident Coordinator in Thailand, explains that this success is thanks to […]
Thailand ranks first among the countries with the highest COVID-19 recovery index, according to a report issued by the Global COVID-19 Index (GCI). The GCI report, published on 28 July 2020, gave Thailand an index score of 82.06 from 100 points, putting it on top of the countries that have made the most progress in […]
Thailand’s Prime Minister Prayut Chan-o-cha approved an extension of the state of emergency for another month, maintaining that such an extension has nothing to do with anti-government protests. The state of emergency is due to expire at the end July, but the CCSA’s subcommittee agreed at a meeting yesterday to propose extending the state of […]
Thailand has earned international praise for its containment of the Covid-19 pandemic, with very modest levels of infections and less than 60 deaths as of July 1. In response to its sweeping lockdown measures, the government launched an unprecedented emergency spending package of 2.2 trillion baht, amounting to nearly 13% of GDP. Yet, the economic […]
