Business

The government looks set to introduce fresh stimulus measures, particularly aiming to spur spending by middle- and high-income earners and boost private investment. Source: Business

Thailand is expected to have 50,000 foreign tourists in the fourth quarter of 2020, down 99.5% from a year earlier, an industry body said on Wednesday, as the country tries to support its battered economy by gradually reopening to visitors. Source: Business

PHUKET: The owner of Sri Panwa Phuket resort has legal title to the land, the provincial governor said on Wednesday, after the Department of Special Investigation (DSI) agreed to investigate the resort. Source: Business

The government is considering offering tax incentives to its middle and upper income groups to bolster consumption as part of new measures to revive an economy reeling under the impact of the coronavirus pandemic. Source: Business

Thailand is set to welcome the first batch of foreign tourists in six months, but the government is unlikely to fully throw open beaches and national parks to overseas visitors until a vaccine against the coronavirus is widely available. Source: Business

LONDON – Energy major Shell unleashed Wednesday a major restructuring to combat plunging oil prices driven by the coronavirus pandemic, warning it will also spark more asset writedowns in the third quarter. Source: Business

Thailand recorded a current account surplus of $3.0 billion in August after a surplus of $1.79 billion in the previous month, the Bank of Thailand (BoT) said on Wednesday. Source: Business

COLOMBO: The Sri Lankan government has cancelled a light rail project that was to be built with Japanese financial assistance in the country’s biggest city, Colombo. Source: Business

The Supreme Court recently dealt with a case in which an employee was dismissed after forwarding confidential work-related information to his personal email account (Supreme Court Decision No. 7189/2562). The court decided that the employment termination was fair and lawful, where the employer is not required to inform the employee …

WASHINGTON: The US Treasury on Tuesday announced it had reached a deal with seven major US airlines including American and United to offer them loans in a bid to stave off job cuts amid the coronavirus crisis. Source: Business