‘Global Business Matching 2020’ promotes partnership for Thai SMEs
The Bank of
Agriculture and Agricultural Cooperatives and Export-Import Bank of Thailand
(EXIM) jointly launched Global Business Matching 2020 programme on Friday.
Thai SMEs in the agriculture
sector are getting help in finding business partners in neighbouring
countries via a business matching programme.
The Bank of Agriculture and Agricultural Cooperatives
and Export-Import Bank of Thailand (EXIM) jointly launched Global Business
Matching 2020 programme on Friday.
Supant Mongkolsuthree, chairman of EXIM Bank’s board of
directors, said the programme was designed to help SMEs create partnership
for online trade in ASEAN, especially CLMV countries – Cambodia, Laos,
Myanmar and Vietnam.
Last year, Thai SMEs in the agriculture sector exported
500 million-baht worth of goods to their business partners overseas, said
This business matching programme could catalyze exports
of Thai farm products, he said.
Thailand aimed to promote exports of farm products as
one of the main economic engines generating 1.2 trillion baht or 10 percent
of GDP, according to Supant. (TNA)
Economic stabilization the key for ‘Thailand Rebounds’
Minister and Defense Minister Gen. Prayut Chan-o-cha.
At Centara Grand at Central Ladprao Hotel, Prime
Minister and Defense Minister Gen. Prayut Chan-o-cha delivered a keynote
speech, on occasion of the 74th anniversary of the Bangkok Post newspaper,
under the topic "Thailand Rebounds, Policy in the New Normal''.
The Prime Minister congratulated the 74th anniversary
of the Bangkok Post, and emphasized that good mass media is a key
infrastructure to national stability, as it would present the public with
multi-dimensional facts and right-to-the-point opinions, thereby, creating
public understanding, and reducing conflict and social disparity.
According to the Prime Minister, economic stabilization
is a key for the country’s rebound. It is important for Thailand to promote
and reinforce domestic and grassroots economy, especially infrastructure
development and implementation of relief and rehabilitation measures, e.g.,
promoting domestic tourism, reducing people’s burden on household expenses,
providing subsidies to affected people, debt restructuring, etc., in a bid
to alleviate people’s plights and enable them to sustain themselves through
the COVID-19 situation.
The Government has also put forward the Royal Decree
authorizing Ministry of Finance to seek loan for economic and social problem
solving, remedy, and rehabilitation as a result of spread of COVID-19, B.E.
2563 (1-trillion Baht Loan), which has been enacted as a quick win to
maintain national stability. Budget allocated under the Royal Decree would
enable implementations according to the Government’s medical and public
healthcare plan against COVID-19 pandemic, and post-COVID-19 economic
rehabilitation plans through investment and economic-related activities. The
Royal Decree is also aimed to remedy the people economically affected by the
situation, and accommodate the “New Normal” way of life. Focus will be made
on projects that promote community’s economic growth in a sustainable
manner, which is fundamental to the rebound of Thai economy. At the same
time, preventive public healthcare measures against COVID-19 must continue
to be implemented in parallel.
The Government also strives to improve public
administrative procedure to enhance engagement of the people. The Prime
Minister emphasized that we need to turn the crisis into an opportunity for
Thailand to be restored and become even better than before. People of all
sectors need to put collective effort under the working principle “Unifying
Thailand, Building the Nation” to get through the crisis. According to the
Prime Minister, we all will “survive today and be stronger tomorrow”.
Thai economic recovery to take 2-3 years
Krungthai Bank president,Payong Srivanich.
Krungthai Bank stated that the
coronavirus disease 2019 had global impacts and it would take 2-3 years for
economic recovery while health and digital business had a bright future.
Krungthai Bank president Payong Srivanich quoted the
United Nations as stating that the COVID-19 pandemic was the worst crisis
since World War II.
Next year COVID-19 would cause severe contraction to
60% of the global economy and it would take 2-3 years for economic
restoration. However, Thailand was in a better position than many countries
thanks to its monetary and financial discipline, adaptation and
digitalization in the private sector.
The Krungthai COMPASS research center predicted that
the Thai economy would shrink by as much as 8.8% this year. The downturn
would be close to what happened in the Tom Yum Kung economic crisis.
It pointed out that COVID-19 brought a bright future to
health business and accelerated technological development. In April there
were more than 10 million Prompt Pay transactions a day, doubling last
year’s transactions. (TNA)
‘GI Market 2020’ gathers unique items from around Thailand
Thosapone Dunsuputra, Director General of
Department of Intellectual Property.
‘GI Market 2020’ is an event that brings together Geographical Indication
products from all over the country and is hosted by the Department of
Intellectual Property at Central Plaza Rama 9. The event will last until 2nd
of August, so make sure you don’t miss the special items.
The event is usually held twice a year, but due to
COVID-19, the event was postponed to this month and in late August. It
brings many geographical indication products, such as Chanthaburi Durian,
Golden Longan from Ban Phaeo, Nakhon Nayok’s Marian plums, Fermented Sea
Catfish from Phatthalung, Mae Hong Son’s Tiger-Stripe peanut, Sakon Nakhon’s
Indigo cloth, Ban Chiang’s earthenware and many more, including 19 GI
products that have been registered this year.
Thosapone Dunsuputra Director General of Department of
Intellectual Property says “Due to the COVID-19 crisis, people can hardly
sell a thing. The department helped them move to the online market, for
those who are capable, because some agricultural products don’t last long
enough for the delivery process. Now it’s better. Events can be held. We
also installed protective screens and require everyone to put on a mask to
avoid the disease.”
In addition, there are also seminars to inspire and
help local product producers to find new markets. The seminars cover many
topics, such as advertising and how to use the GI title as a marketing tool.
Once again, the event lasts until the 2nd of August at
the Central Plaza Grand Rama 9. (NNT)
Thailand to host ‘CCA 2020’ first world-class beauty trade fair in Southeast Asia
CBE ASEAN (CCA 2020)will be held from December 14 - 16 at IMPACT Exhibition
and Convention Center, Muang Thong Thani.
The Federation of Thai Industries (FTI)
has signed a Memorandum of Understanding (MoU) with Informa Markets to host
COSMOPROF CBE ASEAN (CCA 2020), the first world-class beauty trade fair in
Southeast Asia, to support Thai entrepreneurs and enhance their
competitiveness on the world stage.
The signing of this MoU is a sign of cooperation on
driving the Thai beauty business sector, especially SMEs, to be able to
compete in international markets by using the CCA 2020, the world-class
beauty trade fair, held for the first time in Southeast Asia, as a platform
for showing the potential of new products and innovations from Thai
FTI Chairman Suphan Mongkolsuthi said the event will be
held from December 14 - 16 at IMPACT Exhibition and Convention Center, Muang
Thong Thani. He expressed his confidence that it will help attract foreign
investors, support Thai SME entrepreneurs with opportunities for business
networking, expand the Thai beauty business to the world market and promote
Thailand’s strength as a hub for the health and beauty industries in ASEAN.
Shopping malls in Bangkok organize big discounts festival to boost domestic consumption
The Emporium, Emquartier, Siam Paragon, Siam Center and Siam Discovery, join
"Bangkok Shopping Festival" an extravaganza offering discounts of up to 90
The Mall Group has organized a shopping
festival offering discounts of up to 90 percent at six of its locations,
intended to stimulate the economy weighed down by the COVID-19 pandemic.
Participating stores are The Mall, The Emporium,
Emquartier, Siam Paragon, Siam Center and Siam Discovery, which are hosting
the ‘Bangkok Shopping Festival’ an extravaganza offering discounts of up to
90 percent from June 26 to August 2.
The festival includes spaces for vendors affected by
COVID-19 free of charge within areas dubbed the ‘Siam Smile Flea Market’.
The Mall Group’s Chief Marketing Officer, Woralak
Tulaporn, said this week that consumption remains sluggish as consumers are
still wary of the effects of the COVID-19 situation. Most buyers have
focused on necessities or schooling needs, with retailers still working to
recover, even with the fourth phase of regulation relaxation announced by
the government. Only 60 percent of consumers are expected to be shopping at
department stores at this time, necessitating the stimulus event.
Even after the fifth phase relaxation of social
measures, which will include opening Thai air space, takes place, Ms.
Woralak said there is no certainty consumption will recover, noting that up
to 40 percent of retailers depend on foreign tourists who may not be able to
leave their countries at this stage. (NNT)
New York Times praises Thai fruit delicacies despite peeling effort
famous fruit highlighted in the New York Times included Lychee, jackfruit,
rambutan, mangosteen, salak, and durian.
A recent online post in the New York Times has
recognized the quality of Thai fruit, saying "Eating Thai Fruit Demands
Serious Effort but Delivers a Sublime Reward."
In its publication earlier this week, the paper offered
its readers insight into Thai fruit delicacies, as the kingdom is now
entering its peak fruit season.
The kingdom’s famous fruit highlighted in the newspaper
included Lychee, jackfruit, rambutan, mangosteen, salak, and durian.
The paper says the “region’s fruits are like no other”
but despite being both unique and yummy, they all need quite serious
commitment to eat.
With the many different fruit on offer, the kingdom is
currently ranked the world’s sixth biggest fruit exporter, with China being
the biggest customer.
Those interested in reading more of this article can
search for “Eating Thai Fruit Demands Serious Effort but Delivers a Sublime
Reward.” On New York Times. (NNT)
Thailand exporting lowest in 4 Years
Worldwide demand and supply shrank due to the
COVID-19 pandemic as well as the production that had plunged due to the
Thai exports in May showed the lowest level in four years due to the
coronavirus disease 2019 (COVID-19) pandemic, according to the Commerce
Pimchanok Vonkorpon, director-general of the ministry’s
Trade Policy and Strategy Office, said the export value in May was at
US$16.28 billion, down by 22.50% year-on-year, and the import value was at
US$13.58 billion, falling by 34.41%.
The May export was the lowest in four years and its
increase rate was the lowest in 130 months or more than 10 years from July
2009, she said.
Demand and supply shrank due to the COVID-19 pandemic.
Production plunged because of worldwide lockdowns and the income of trading
partners was affected, Ms Pimchanok said.
“The impacts happen worldwide and it cannot be
predicted when the situation should end,” she said.
However, the exports of farm products and foods remained promising as they
grew by 22%, up from 15% in the same period last year.
“The markets for this group of exports must be
protected and such an incident in Germany where infections happened at
slaughterhouses must be prevented,” Ms Pimchanok said.
In May, Thailand posted a trade surplus of US$2.69
billion. In the first five months of this year the trade surplus amounted to
US$9.09 billion due to US$97.89billion exports, down by 3.71%, and US$88.80
billion imports, down by 11.64%. (TNA)
Thailand’s economy to shrink 5-6 % in 2020
NESDB Secretary General Tossaporn
Thailand’s economy contracted 1.8 percent in the first quarter and is
projected to shrink 5-6 percent this year, says the National Economic and
Social Development Board (NESDB)
NESDB Secretary General Tossaporn Sirisamphan said that
the quarterly contraction was the first since 2014 and the GDP would further
drop in the second quarter due to the coronavirus pandemic.
The NESDB also projected country’s total exports to
decrease by 8 percent.
“These projections are based on the assumptions that
the virus is contained by the second quarter and the economic and tourism
activities return to normal in the latter half of the year”, said Tossaporn.
Commenting on the government’s plan to acquire 1
trillion- baht worth of loan, the NESDB chief said that the injection would
not significantly stimulate the GDP.
Tossaporn also cited the US-China trade war and the
drought disaster as main affecting factors.
Due to the effects of the COVID-19 virus, the tourism
industry could lose at least 150 billion baht in revenue, the NESDB said in
a report released earlier.(TNA)
Thailand to set up fund to help small businesses
Deputy Prime Minister Somkid Jatusripitak
BANGKOK- Many small businesses are affected by the coronavirus
outbreak and lacking access to financial sources. In a meeting of economic
ministers and the Bank of Thailand on Thursday, Deputy Prime Minister Somkid
Jatusripitak said that he instructed the Finance Ministry to finalize the
plan to support small businesses.
Finance Minister Uttama Savayanaya said that the fund
might be worth up to 100 billion baht allocated from the 400-billion-baht
emergency loan for COVID-19.
Eligibility verification could be tricky, he said,
because many small businesses had no financial records. Officials might
have to survey their actual locations in order to approve their eligibility.
Uttama also revealed that the Ministry planned to
announce its GDP forecast on Monday which would definitely shrink due to
Shopping malls in Thailand prepare to reopen
malls in Thailand are preparing for reopening.
BANGKOK- The government is
mulling the second phase of easing coronavirus restrictions.
After the first stage of easing which has seen some
restaurants, barber shops and salons reopened, the government’s COVID-19
taskforce has announced that it plans to allow shopping malls as well as
health and wellness businesses in the next stage which could begin next
The operators of the shopping malls that have been
closed since March 22 are gearing up with their preparations for reopening.
Health screening, density limit and social distancing
measures would be taken when they resume operations, the management of one
of the major shopping malls said.
The high-density venues can reopen if the number of new
Covid-19 infections continues to drop, according to the government’s
coronavirus taskforce. The taskforce is expected to announce its decision on
the second phase of lockdown easing on Friday.
An analysis report by Siam Commercial Bank indicates
that retailing businesses have shrunk by 14 percent, translating into about
500- billion baht of loss as a result of the coronavirus pandemic. (TNA)
screening, density limit and social distancing measures would be exercised
Bangkok Governor extends Chatuchak Market opening hours
Kwanmuang, Bangkok Governor and of the Bangkok Metropolitan Administration
officials inspected COVID-19 prevention measures at Chatuchak Weekend Market
The Bangkok Governor today issued an
order to extend Chatuchak Market opening hours to support shopkeepers and
customers, with a further hour of shopping time. The market is now open from
5 a.m. to 7 p.m. Customers and shopkeepers are asked to maintain appropriate
personal distance and follow the regulations.
Asawin Kwanmuang, Bangkok Governor along with officials
of the Bangkok Metropolitan Administration or BMA inspected COVID-19
prevention measures at Chatuchak Weekend Market on Sunday. After being open
for two days, they found that during the hot season customers tend to come
in the afternoon around 2 to 5 p.m. The governor therefore decided to extend
opening hours, so that now shopping ends at 7 p.m., instead of 6 p.m.
The BMA is also preparing to cut rents for traders, a
plan now being proposed to the Minister of Transport. The plan aims to cut
rent payable from March to November as customer numbers are much lower than
However, it was noted that social distancing in the
market is sometimes forgotten by shoppers. As a result, the governor has had
officials draw lines on the ground all over the market as a reminder to
maintain personal distance.
A big cleaning operation was also undertaken on Monday.
The governor has asked all customers and shopkeepers to
follow anti-pandemic measures. Violators will be warned first, so that it
may not be necessary to enforce the harsh provisions of the law.
As for the market’s COVID-19 control measures, only 6
of 13 entrances are open, everyone must wear a mask and have their body
temperature checked. Hand sanitizers are provided at every entrance and
other spots around the market. Toilets are cleaned every 2 hours.
Food vendors must work behind a plastic screen and all
containers must have a lid. Shops are allowed to have a maximum of five
customers inside at any one time in small shops, with a 10-person maximum in
larger shops. Meanwhile, the area normally reserved for street vendors
around the clocktower, and the night market are still closed. (NNT)
TOT, CAT introduce affordable home internet package in Thailand
TOT and CAT Telecom offer a new fixed broadband
home internet package to facilitate online communications, work and study
BANGKOK - The coronavirus pandemic is forcing more people to stay at
home, making a capable internet connection essential for work and study
online. The Ministry of a Digital Economy and Society has joined interests
with telecom providers to offer a special home internet package, with free
installation and a 3-month bonus.
The Minister of a Digital Economy and Society,
Puttipong Punnakanta has announced that telecom providers TOT and CAT
Telecom will be offering a new fixed broadband home internet package, with
100 Mbps download and 50 Mbps upload speeds, to facilitate online
communications, as well as work and study from home.
The new package will be offered at 390 baht per month
for households with no internet connection. Customers will receive a free
3-month bonus after the first 12 bills. The companies aim to offer this
package to 100,000 customers, helping more people have access to the
internet at an affordable price.
TOT Acting President Pipat Khanthong, said today the
membership fee, equipment costs, and installation fees will be waived.
Customers in remote areas can also sign up, thanks to the Net Pracharat
village internet infrastructure that covers more than 24,000 networks
Interested persons can sign up for this special package
from 10th May to 31st July this year, by calling CAT Telecom cell center
1322, or TOT call center 1100. (NNT)
2,100 migrant workers tested for Covid-19 in Samut Sakhon, Thailand
Thai health officials conduct a random testing
of 2,100 migrant workers in Samut Sakhon province.
SAMUT SAKHON - Thai health officials conduct a random testing of
2,100 migrant workers in Samut Sakhon province for COVID-19 in an attempt to
contain the outbreak.
Public health volunteers have since Monday begun
door-to-door testing at a community of migrant workers, mostly from
Myanmar, who are employed in fishery industry.
The testing is supported by provincial disease
control committee, local hospitals and the Department of Medical
Around 500 people have been tested so far as
officials set the target at 2,100. Test results will be completed in
Samut Sakhon Governor Wirasak Wichitsaengsri said
the random testing in the province, home to over 268,000 migrant
workers, served as a model for advanced community testing.
The testing was instrumental in detecting virus
cases in communities leading to effective disease control, he said.
Public health volunteers handed out social
distancing and sanitary guidelines for the workers as well. (TNA)