Quarantine debate next week : A proposal to reduce the mandatory quarantine period for foreign tourists from 14 to 10 days will be put forward to the Centre for Covid-19 Situation Administration (CCSA) for consideration next week amid Public Health Ministry advice that the infection is usually detected during the first 10 days. Bangkok Post
Excise to study reworked EV taxes : Move aims to promote industry development. Finance Minister Arkhom Termpittayapaisith has ordered the Excise Department to study the excise tax structure on electric vehicles (EV) to promote industry development and lower the price of EVs. Bangkok Post
15 nations sign world’s biggest free trade pact at virtual meet : Fifteen nations in the Asia-Pacific, including Thailand, yesterday signed the Regional Comprehensive Economic Partnership (RCEP) trade pact, the world’s biggest free trade deal, as they concluded the 37th Asean Summit and related summits held virtually from Nov 12-15. Bangkok Post
Economy shrinks 6.4% in busy Q3 : NESDC says result ‘beyond expectations’. Thailand’s GDP contracted by 6.4% year-on-year in the third quarter, with full-year economic contraction projected to arrive at 6%, says the National Economic and Social Development Council (NESDC). Bangkok Post
11.4m families risk poverty : Around 11.4 million households are at risk of falling into poverty from the economic crisis caused by the pandemic, with the unemployment rate rising to 1.9% in the third quarter, says the state planning agency. Bangkok Post
MOF to finalize phase 2 of subsidized shopping campaign, Khon La Krueng prog, this week, will also revise airfare subsidies campaign allowing travelers to purchase ticket without booking hotel at the province of destination.
BoT studies warehousing concept : Banks to sell asset management loans. The Bank of Thailand has been studying a warehousing concept that allows commercial banks to sell commercial loans parked in funds of asset management companies at prices acceptable to both the creditor and borrower. Bangkok Post
Aeronautical Radio of Thailand reported October traffic at 32,549 flights +3.9% mom, Chiang Mai, Phuket, Hat Yai among top destinations, AAV registered top aircraft movement in October followed by NOK and Viet Jet.
PM threatens protesters : ‘All laws and articles’ will be enforced. Prime Minister Prayut Chan-o-cha yesterday declared that “all laws and all articles” will be enforced against protesters who break the law. Gen Prayut gave his warning in a statement issued from his office, in the face of street rallies by prodemocracy protesters demanding his removal, as well as reform of the monarchy. Bangkok Post
Aeronautical Radio of Thailand reported October traffic at 32,549 flights +3.9% mom, Chiang Mai, Phuket, Hat Yai among top destinations, AAV registered top aircraft movement in October followed by NOK and Viet Jet.
