Somkid asks Jetro to back smart farming initiative

TOKYO: The Japan External Trade Organization (Jetro) is being asked to help support Thailand’s agricultural restructuring, as the government through the state-owned Bank for Agriculture and Agricultural Cooperatives (BAAC) is offering as much as 20 billion baht in loans to support smart farming. Source: Business

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KS says recession could torpedo stocks

The Stock Exchange of Thailand (SET) index could witness a sharp correction if a technical recession occurs during the first half because of the continuing coronavirus emergency, says Kasikorn Securities (KS). Source: Business

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Singapore announces package to fight virus

SINGAPORE: Singapore on Tuesday announced around US$4.5 billion in financial package to help contain the coronavirus outbreak in the city-state and weather its economic impact, paving the way for its biggest budget deficit in over a decade. Source: Business

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GM to lay off 1,500 staff in Rayong

US car maker General Motors confirms that roughly 1,500 workers from its Thai operations have to be laid off this year once Chinese maker Great Wall Motors takes ownership of the Rayong facilities. Source: Business

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