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1,400 entrepreneurs victims of Thailand’s turmoil seek government help

An estimated 5,000 protesters, known as the “Red Shirts,” occupied a three square kilometer area of Bangkok’s business district for two months. Their leaders said they were a non-violent democracy movement representing poor and rural people.

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More than 1,400 entrepreneurs and others who suffered losses totaling Bt2.7 billion in Thailand’s recent political violence registered to receive assistance from the government from May 21-23.

Chaired by PMs Office Minister Sathit Wongnongtoey, the newly-set up committee tasked with helping entrepreneurs and other individuals affected by political violence will meet Monday at Government House.

Bangkok is now recovering from 10 weeks of anti-government demonstrations that shut down much of the city. Picture : Melaine Brou

Former Bangkok governor Apirak Kosayodhin, the committee’s deputy chairman, said the meeting will address assistance measures before submitting them to the Cabinet on Tuesday.From May 24 to 31, people affected can submit their request in seven districts most affected by the protest.

via 1,400 economic victims of political turmoil register for government help.

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Business

Large Shopping Malls in Bangkok Will Be Closed until July 25th

Shopping malls under the Mall Group, including all branches of The Mall, the Emporium, Emquartier and Paragon Department Store, are also closed for 14 days, from today, except for supermarkets, food courts, pharmacy shops, eateries (take-out and delivery only), banks, mobile phone shops and vaccination sites.

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BANGKOK (NNT) – Large-scale shopping malls in Bangkok and in some dark-red zone provinces are now closed for two weeks, to comply with the latest COVID-19 curbs in 10 provinces.

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Business

Downside risks loom for Thai economy due to Prolonged COVID-19 Outbreak

The most important issue for the Thai economy at present would be the procurement and distribution of appropriate vaccines adequately and timely.

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The Bank of Thailand (BoT) has revealed that Thailand’s economy faces significant downside risks, because a prolonged COVID-19 outbreak could cause the economy to underperform the baseline projection, squeezing business liquidity and slowing employment.

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