Economy

According to Labour Ministry criteria, employees affected by Covid-19 fall into two groups. The first covers those whose businesses were forced to shut by order of the government. “They will be compensated under Section 33 of Social Security Act with 62 per cent of daily wages based on a maximum monthly salary of Bt15,000 for a maximum period of 90 …

Public transport operators to be increased frequencies of their trips before 10pm to make sure no passengers are left behind when the nationwide curfew begins at 10pm, according to curfew decrees. Transport Minister Saksyam Chidchob said on Thursday (April 9) that “increasing trips will not only facilitate commuters during rush hours, but also promote the social distancing policy in the …

The consumer confidence index dropped to 50.3 points in March from 64.8 points in February, said Thanavath Phonvichai, president of the University of the Thai Chamber of Commerce (UTCC). In addition, the economic confidence index in March stood at 41.6 points, down from 52.5 points in February, while the confidence index on job opportunities contracted from 61.4 points to 49.3 …

As many 1,266 hotels has closed their operations due to being impacted by the COVID-19 outbreak in Indonesia. This report has been received and confirmed by Chief of the Indonesian Hotel and Restaurant Association (PHRI) Hariyadi Sukamdani. Then the hotel employees itself were asked to take leave. “The latest report declared that 1,266 hotels have closed as of yesterday afternoon, …

Tanah Abang Market management introduced this morning that the market which is one in all Southeast Asia’s busiest textile marketplace will remain closed following the extension of the coronavirus (COVID-19) emergency period. Perumda Pasar Jaya president-director Arief Nasrudin says that the Tanah Abang reopening scheduled to take area on April 6 has temporarily been extended to April 19. The transient …

During the coronavirus or COVID-19 pandemic, the Indonesian government advises a work from home policy to most of company in the country, including Pertamina. The state-owned oil and gas company has guaranteed that domestic supplies of fuel and liquefied petroleum gas (LPG) remain secure. The company said its stock of diesel and gasoline, including the highly demanded Pertalite gasoline brand, …

Thai Airways International Plc may permanently reduce the number of aircraft types it deploys once the coronavirus outbreak that has caused the company to ground most of its fleet ends, said a senior government official on Monday. Thai Airways is grounding 69 of its 82 jets following a drop in passenger volume and route cancellations from the increased border restrictions …

Almost 20 million people registered for Covid-19 financial aid in less than 48 hours, almost seven times the number estimated by authorities. The handout — at 5,000 baht per person per month for three months from April — is intended for about 3 million temporary employees, contract employees and self-employed individuals who are not covered by the social security system, …

Commercial banks that made the announcements as of Saturday morning are Bangkok Bank, Kasikornbank, Siam Commercial Bank, Bank of Ayudhya, TMB Bank, Thanachart Bank, UOB, Kiatnakin, LH Bank and CIMB Thai. The state-owned GH Bank also closed on Saturday. Three other state banks made the same announcements earlier. They were the Government Savings Bank (GSB), Krungthai Bank and the Bank …

For the sake of combating fraudulent and irresponsible traders, a number of e-commerce companies in Indonesia clean up incompatible accounts in their platforms. Online store accounts that selling unproven coronavirus (COVID-19) health equipment and suspicious medical prescriptions are being monitored. As stated by Tokopedia Vice President of Corporate Communication, Nuraini Razak, it will permanently close thousands of accounts that have …