Thailand's economy may grow 2.8% this year but that is still not satisfactory, while fiscal measures will continue to support economic recovery as tourism remains weak, the finance minister said on Wednesday.
Thai Airways debt revamp plan gets support from finmin
The Finance Ministry, the largest shareholder of Thai Airways International Plc, signalled its support for a restructuring plan that includes raising fresh capital, a temporary freeze on repayment of borrowings and slashing its workforce by half to return the debt-ridden airline to profit.
State-owned Thai Credit Guarantee Corporation (TCG) is preparing to launch a 20-billion-baht bad debt guarantee programme to assist struggling small and medium-sized enterprises (SMEs) saddled with bad debts.
SoundCloud to be first music app with 'fan-powered' artist payments
PARIS: SoundCloud announced Tuesday it would become the first streaming service to start directing subscribers' fees to the independent artists they support, a move welcomed by musicians campaigning for fairer pay.
Exports are expected to continue growing in February driven by the world's economic recovery ignited by the Covid-19 vaccine distribution, but the stubbornly strong baht remains a key worry, according to a shippers' organisation.
As the telecom regulator will recall the 3500-megahertz spectrum range from broadcasting satellite services, more than 10 billion baht may be required to provide compensation for the replacement of signal-receiving devices on satellite dishes owned by 11 million household users of satellite TV services so they can continue to use the service, says satellite TV service operator PSI Corporation.