Business
Thailand to legalize Grab Taxi in March 2020
The Thai government is taking steps to legalize Grab taxi services, expected to be effective from March 2020. The Grab motorcycle service is pending further study.
BANGKOK (NNT) – The government is taking steps to legalize Grab services, expected to be effective from March 2020, beginning with the Grab taxi service.
The Grab motorcycle service is pending further study.
Deputy Government Spokesperson Traisulee Traisoranakul quoted Transport Minister Saksayam Chidchob as saying the legalization of Grab services via their application will be submitted to the cabinet for consideration.
Ministerial regulations and conditions will also be defined for private vehicles to be used to provide Grab services and licenses will be issued for corporate operators of the Grab services.
Ms. Traisulee confirmed that the government has a policy to legalize public vehicle services via the use of applications to provide convenience and justice for the people.
Many private vehicles are currently being used for Grab services illegally, though they may raise good incomes for the operators.
The government has listened to the views of all parties involved with regards to the proposed legalization of the Grab taxi service.
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.
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.
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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TAT expects 850 billion baht ($25.7 bln) in tourism revenue after successful reopening
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