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Thai Airways plans to increase stake in Nok Airlines up to 60%

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Thai Airways International plans to increase its stake in Nok Airlines to as much as 60% in order to exert more control over the low-cost carrier. The flag carrier previously said it would raise its stake in Nok to 49% from 39%, but THAI now wants to increase this to 59% or 60%.

Senior THAI executives said increasing the stake was an essential part of building co-operation between the two airlines, which would end in Nok assuming the bulk of the national carrier’s domestic services.

As many as nine of THAI’s 12 domestic routes are no longer economically viable for the flag carrier due to its high cost structure and intense competition from Thai AirAsia and other low-cost airlines.

THAI plans to finance the increased stake in Nok through its own capital and THAI’s provident fund and employees’ welfare fund, said THAI executives.

via TG may lift Nok stake.

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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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