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Thai Airways reports $280Mln loss in Q2

Thanks to positive performance in the first quarter, the company’s net loss in the first half was only Bt155.98 million against the net profit of Bt3.69 billion in the same period last year.

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Thai Airways routes

Thanks to positive performance in the first quarter, the company’s net loss in the first half was only Bt155.98 million against the net profit of Bt3.69 billion in the same period last year.

In the statement to the Stock Exchange of Thailand, THAI reported that in the first half, it experienced a drop in fuel cost, from Bt40 billion to Bt38.77 billion. It also posted an increase in sale revenue and foreign exchange gain of Bt1.9 billion.

While the first-half revenue rose only slightly from Bt101.9 billion last year to Bt103.1 billion.

Yet, expenses rose sharply from Bt102 billion to Bt108 billion, chiefly due to the new accounting rule on aircraft depreciation cost. Depreciation cost in the first half was Bt3.59 billion, against Bt181 million in the same period last year. Employees’ benefits also rose sharply from Bt14.88 billion to Bt17 billion.

via THAI posts Bt8.42bn loss in Q2 – The Nation.

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Thai Government Launches “Factory Sandbox” Scheme to Protect 3 Million Jobs

The plan will focus on plants which employ at least 500 people and will build confidence among both Thai and foreign investors at a time when supply chains in rival countries are shutting down.

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BANGKOK (NNT) – Thailand’s government has launched a pilot “Factory Sandbox” program to test, vaccinate and isolate factory workers, with the aim of limiting COVID-related disruptions to Thailand’s important export-driven manufacturing sector.

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The environmental case for remote working

Anyone searching for a silver lining to the pandemic should look to the clear, blue skies above them. A reduction in pollution worldwide has been an unintended benefit of the lockdowns and stay-in-place orders imposed to control the spread of COVID-19.

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During the pandemic, the environmental and societal benefits of working at home quickly became apparent. How can businesses protect these benefits in the future?

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