Business
Airbus plans 20 billion baht ($577 million) repair site in U-tapao airport
Airbus expects the number of aircraft operating in the Asia-Pacific region to more than double in two decades, reaching at least 15,000.
Airbus looks to open an aircraft maintenance yard in eastern Thailand, hoping to capture rising demand as low-cost carriers sharply increase the number of planes flying in Asia.
The European aircraft builder is conducting a feasibility study with state-owned Thai Airways International to set up the yard at the U-tapao airport, located in an economic development zone in eastern Thailand.
A maintenance, repair and overhaul — or MRO — facility would handle inspections involving disassembly as well.
The airport, close to tourist destination Pattaya and the coastal industrial hub, is scheduled for expansion as a third flight hub serving the Bangkok metropolitan area.
Banking
Governments most exposed to coronavirus have strong fiscal and external buffers
Moody’s baseline assumption is that the economic effects of the outbreak will continue for a number of weeks, after which they will tail off and normal economic activity will resume.
As measures to contain the coronavirus and fear of contagion hit consumption and production, downside risks to our GDP growth forecast for China (A1 stable) have increased., says Moody’s Research Announcement.
(more…)Banking
Bank cuts Thai 2020 GDP growth outlook to 2.7%
SCB’s Economic Intelligence Center (EIC) has released its latest growth forecast, at 2.7 percent, showing a slow recovery from just 2.5 percent economic growth in 2019
SCB’s Economic Intelligence Center (EIC) has released its latest forecast, indicating that the Thai economy at the end of 2020 will have grown by 2.7 percent, showing a s recovery from just 2.5 percent economic growth in 2019, thanks to a better performing export sector and improved global economy.
(more…)Business
BOI steps up investment promotion measures in the EEC
The measures will be in effect from January 2, 2020, to December 2021. Applicants can sign up for the new privileges, with no deadline set for registration.
BANGKOK(NNT) – The Board of Investment of Thailand (BOI) has approved measures to promote investment in the Eastern Economic Corridor (EEC) by expanding the number of target industries and increasing corporate income tax benefits.
(more…)
What is Forex Trading and how it works?
Why do the investors choose Forex trading? Forex trading is traded by currency pairs. This is because all currency trading...
APRIL International Care opens up TeleHEALTH service to address Coronavirus worries
The TeleHEALTH service means policyholders do not have to leave their home or workplace to “see” a doctor, with a...
Thailand rolls out New Investment Measures to Boost Economy
The new definition of qualified applicants now includes businesses that have not previously received BOI promotion privileges as long as...
Thailand faces zero tourists, zero revenue situation
BoT says Thailand’s economy to shrink by 5.3 per cent in 2020
Thai Banks launch packages for clients affected by COVID-19
Covid-19 infections could escalate to thousands in Thailand
Emirates suspends all passenger operations
Qatar bans travellers from Thailand
Thailand raises threshold to 1 million US dollars for repatriation
Thailand’s Poverty on the Rise Amid Slowing Economic Growth
Thai SET in free-fall triggers circuit breaker
Thailand suspends visa for citizens of 21 countries
Private sector cut GDP expectations after COVID-19 impact
The Covid-19 coronavirus and economic contagion
Why air is becoming a hot investment
Confirmed Coronavirus cases in Thailand remain at 32
