The Nation

New digital Robinhood arrives to help small businesses survive crisis

Purple Ventures, a subsidiary of SCB 10X, on Monday launched the food-delivery app Robinhood, which aims to help at least 16,000 small restaurants and merchants join the digital marketplace.The app will initially cover deliveries in Bangkok and its vicinity before expanding further early next year.Robinhood ...

The Nation Reporter

Rising stink from floodwaters triggers health fears

The Pollution Control Department has been tasked with monitoring floodwater around the country after complaints of foul-smelling odour from stagnant runoff.The Natural Resources and Environment Ministry has expressed concern about hazardous pollution in the floodwater, as drains and sewers become overwhelmed by seasonal downpours.Keep reading ...

The Nation Reporter

Bangkok under emergency law for 1 month

The declaration of a “serious” state of emergency in Bangkok was approved on Friday at a special Cabinet meeting.Prime Minister Prayut Chan-o-cha said the government intends to enforce emergency rule for 30 days from October 15.The emergency was announced on Thursday to control escalating pro-democracy ...

The Nation Reporter

Publicity necessary for scheme to attract 10 million registrants, FM told

Prime Minister General Prayut Chan-o-cha has instructed the Finance Ministry to publicise the “Kon La Khreung” (Let’s Go Halves) economic stimulus package so more people use the scheme, Finance Minister Arkhom Termpittayapaisith said on Friday.He said just over 3.5 million people have registered for it ...

The Nation Reporter

Thailand’s big banks sinking billions into digital transformation

Four of Thailand’s biggest commercial banks are hastening moves to stay ahead of the wave of digital disruption now sweeping the country.Siam Commercial Bank (SCB) is in the final year of its four-year digital transformation plan but is already drafting a new plan for the ...

The Nation Reporter

NPL crisis due to Covid-19 'worse than 1997 meltdown'

The present Covid-19 crisis was worse than the Tom Yam Kung crisis of 1997, the Bangkok Commercial Asset Management (BAM) has said, adding that non-performing loans (NPL) was of concern for Thailand’s economic system.BAM explained that financial institutions in 1997 had a low rate fund ...

The Nation Reporter

More people turning assets into cash due to uncertainty over Covid-19, says DPA

The Deposit Protection Agency (DPA) said that due to the Covid-19 crisis, more and more people are turning their assets into cash and depositing this money in banks.Songpol Chevapanyaroj, president of DPA, said on Thursday that 80.82 million people had bank deposits totalling Bt14.67 trillion ...

The Nation Reporter

Fisheries department seeks to boost bass exports to China to tackle oversupply

The Department of Fisheries is discussing with foreign partners possibilities for export of Thai bass, a type of fish found in rivers and seas, to Chinese markets that still have high demand to alleviate the oversupply problem in Thailand.Wicharn Ingsrisawang, the department deputy director-general, said: ...

The Nation Reporter

World Bank revises Thai GDP forecast for the year to 8.3 percent contraction

The World Bank expects Thailand’s gross domestic product (GDP) to contract 8.3 per cent this year, more than the earlier estimate of minus 5 percent.The bank expects the economy to expand by 4.9 per cent next year, with more than two years required for the ...

The Nation Reporter

Five-year National Rice Strategy aims to make Thailand 'world leader'

The five-year Thai Rice Strategy for the period 2020-24 is ready, Jurin Laksanawisit, deputy prime minister and the minister of commerce, said.The strategy prepared by a subcommittee will be proposed to a meeting of the National Rice Policy and Management Committee (NRPMC) before seeking approval ...

The Nation Reporter

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