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Thailand aims to start COVID-19 vaccine human trials in October

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BANGKOK(NNT) – A trial of a COVID-19 vaccine candidate in monkeys has been successful, with the subjects showing higher immune responses. Researchers are now gearing up for human clinical trials in October, with production starting in mid-2021.

A study of a COVID-19 vaccine prototype in monkeys, performed by the National Research Council of Thailand (NRCT) and Chulalongkorn University’s National Primate Research Center of Thailand, has been successful, according to the NRCT.

This experimental mRNA vaccine had first been successfully tested in rats, while the tests in monkeys started on 23 May.

The Minister of Higher Education, Science, Research and Innovation, Suvit Maesincee, said all the monkeys that received the vaccine show no negative side effects, while their blood tests show a satisfactory level of the antibody triggered by the vaccine.

The monkeys, at the National Primate Research Center, have been injected with the vaccine once. Researchers will today administer the second dose for further study. Should all go well, the clinical trial of this vaccine candidate in humans can begin in October and November this year.

The NRCT Secretary General Dr. Sirirurg Songsivilai said the monkeys will be tested periodically for their immune responses after receiving the second dose of vaccine, with their antibody level expected to increase over the next two weeks, while the third dose will be administered in August.

He said this research project is now progressing on track, with the target to start producing a viable COVID-19 vaccine in Thailand in mid-2021.

The National Primate Research Center Director Suchinda Malaivijitnond said the experimental vaccine has shown no negative side effects in recipient monkeys, with no fever, or symptoms in the neurological, cardiovascular, respiratory or digestive systems. The monkeys are showing normal behaviour, which is a good sign that this vaccine prototype would be safe for use in humans.

She said this project shows the world-class capabilities of vaccine researchers and development projects in Thailand.

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Cabinet approves economy boosting tourism packages – Tourism

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BANGKOK (NNT) – The Cabinet today approved in principle three 4-month tourism campaigns worth 22.4 billion baht, aimed at kickstarting the tourism sector running from July to October.

The government will be offering tourism packages and subsidies in three separate campaigns, starting with tourism packages for Village Health Volunteers and staff at subdistrict health promotion hospitals, who have worked tirelessly during the COVID-19 outbreak.

To finance this offer, the government will provide a 2.4 billion baht tourism budget for 1.2 million health volunteers and health promotion hospital staff, to enable them to take a 2-day, 1-night trip or longer with a tour company. The budget will provide an allowance of up to 2,000 baht for their tour package costs.

3,000 baht allowance for a hotel stay

As for the general public, the government will provide 40 percent or up to a 3,000 baht allowance for a hotel stay of up to five nights.

Eligible persons will receive up to 600 baht per night allowance on the government wallet application which can be used to pay for food or services during their trip.

The government will allot a 10.8 million baht budget for this campaign. To receive the allowance, the hotel stay must be in a province different from the traveler’s registered province of residence.

Transportation subsidy to 2 million people

The…

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CAAT and Airlines discuss International Flights Reopening

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BANGKOK (NNT) – To prepare for the reopening of international flights, today The Civil Aviation Authority of Thailand or CAAT invited all airlines with international flight services, to reach a mutual understanding about observing the new public health measures issued by The International Civil Aviation Organization (ICAO).

Representatives of 14 airlines that have international routes attended the meeting, and were informed by the CAAT committee of guideline to cope with the COVID-19 risk in the airline business. Many in-flight services have to be practiced with hygiene concerns. For example, social distancing, food and beverage services during the flight, body temperature taking, passengers having to wear masks, and flight attendants having to wear gloves and a mask when providing services. These practices will also be implemented on domestic flights.

In addition, the committee and airline representatives also discussed the rescheduling of international flights. The first group of passengers to travel internationally is expected to be business persons and investors. Because, if there is a quarantine requirement in the destination country, these passengers will be able to cover the expense themselves.

Will the end of this June be the end of Thailand’s international flights ban or not The CCSA is responsible for a decision in this matter.

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Covid-19 puts flexible space markets under strain – Real Estate

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The global Covid-19 outbreak has had serious negative effects on commercial real estate, including flexible space. Of late, many operators have experienced the flexible nature of the business working against them, as many occupiers have opted to surrender desks and implement work-from-home plans.

This is particularly true of freelancers, start-ups and SMEs. Demand from corporate occupiers has been more mixed. Generally, flexible space with open plan and dense centre layouts is viewed as a higher risk. But in some markets, corporates have taken additional flexible space to satisfy business continuity and disaster recovery requirements.

As corporates return to the workplace, we expect to see them continue to leverage flexible space for these purposes, as well as for split teams and de-densification requirements. Thus, companies enable their employees to work remotely in better connected and more productive workspaces compared to home.

Landlords re-think flexible space strategy

Despite varied market conditions and end-user demand across the region, the Covid-19 outbreak has put some operators under financial strain, and we expect the consolidation of a heavily fragmented sector to accelerate as a result.

This is particularly true of operators on a straight lease, rent arbitrage model who are paying top of market rents. In the wake of operator defaults, landlords will be forced to re-evaluate the role of flexible space in their portfolios.

But we do expect them to continue using flexible space as a tool to attract and retain traditional occupiers in their buildings.

Greater China may offer some insight

Greater China may offer some insight into how landlords will respond to centre closures as operators there were making strategic adjustments…

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Private Sectors Supports Less Fortunate Students

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Private Sectors Supports Less Fortunate Students

BANGKOK (NNT) – COVID-19 has not only impacted workers and the business sector but also students who are less fortunate because of the unusually long semester break. Without going to school, these students are not getting enough food each day. The Equitable Education Fund or EEF has now launched a project to alleviate the situation and help the students by providing lunch.

Mr. Prasarn Trairat-vorakul, the EEF President revealed today that the project has already allocated 500 million baht to serve lunch to over 750,000 students, equal to some 600 baht per student per month.

The project has been receiving support from people in the business sector wishing to help cover the remaining 15 days before the semester starts.

Mr. Banyong Pongpanich, Chairman of the Executive Committee of Kiatnakin Bank donated 1 million baht to support the project. As well, Mr. Pakorn Peetathawatchai, President of the Stock Exchange of Thailand has also donated 1 million baht.

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Developing Asia to Grow 0.1% in 2020, Thailand to shrink 6.5%

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Developing Asia to Grow 0.1% in 2020, Thailand to shrink 6.5%
Developing Asia To Grow 0.1% In 2020, Thailand To Shrink

Developing Asia is expected to grow by 0.1% this year, the slowest rate since 1961, the Asian Development Bank said in a report on Thursday.

Thailand’s economy is expected to shrink by 6.5%, compared to 4.8% in the previous ADB assessment.

Developing Asia will barely grow in 2020 as containment measures to address the coronavirus disease (COVID-19) pandemic hamper economic activity and weaken external demand, according to a new set of forecasts from the Asian Development Bank (ADB).

In a regular supplement to its annual flagship economic publication, the Asian Development Outlook (ADO) 2020 released in April, ADB forecasts growth of 0.1% for the region in 2020.

This is down from the 2.2% forecast in April and would be the slowest growth for the region since 1961. Growth in 2021 is expected to rise to 6.2%, as forecast in April. Gross domestic product (GDP) levels in 2021 will remain below what had been envisioned and below pre-crisis trends.

Southeast Asia is expected to contract by 2.7%

Economic activity in Southeast Asia is expected to contract by 2.7% this year before growing by 5.2% in 2021

Contractions are forecast in key economies as containment measures affect domestic consumption and investment, including Indonesia (-1.0%), the Philippines (-3.8%), and Thailand (-6.5%). Viet Nam is forecast to grow 4.1% in 2020. While that is 0.7 percentage points lower than ADB’s April estimates, it is the fastest growth expected in Southeast Asia.

“Economies in Asia and the Pacific will continue to feel the blow of the COVID-19 pandemic this year even as lockdowns are slowly eased and select economic activities restart in a…

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Tiger Brokers Adds SGX Trading to Tiger Trade mobile and online trading application

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Tiger Brokers
Tiger Brokers

SINGAPORE (ACN Newswire) – Tiger Trade, a one-stop mobile and online trading application by Tiger Brokers, has launched access to the Singapore Exchange (SGX).

Thailand BOI Approves Over 40 Billion Baht Investments in 5 Large Scale Projects

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Boi 2019.jpgresize1000600ssl1.jpeg

The Thailand Board of Investment (BOI) approved five large-scale projects with a total investment value of 41.8 billion baht (US$1.35 billion) and measures to strengthen the country’s agricultural sector and agro-industry in line with the BCG (Bioeconomy, Circular Economy, and Green Economy) model.

“It is very encouraging to see that despite the global economic situation due to Covid-19, Thailand which has done well in containing the outbreak sees a continuous flow of investment,” Ms Duangjai Asawachintachit, Secretary General of the BOI, said after a board meeting chaired by Prime Minister Gen Prayut Chan-ocha.

Project approvals

The details of the five large scale projects approved today are as follows:

1. Sammitr Group received approval for the production of battery electric vehicles (BEV) in Phetchaburi Province, with an investment value of 5.5 billion baht. The project will have an output of 30,000 vehicles per year, mainly for distribution in the domestic market.

2. Thai Oil PCL received approval for a power project with an investment value of 24.1 billion baht to generate 250 megawatts of electricity using oil waste. The project, which is located in Si Racha District, Chonburi Province, will also have an annual output of 80,300 tons of sulfuric acid.

3. Envico Company Limited received approval for an investment of 2.476 billion baht to produce food grade recycled plastic pellets, used in the manufacture of beverage and food containers, and recycled plastic pellets (HDPE type) used in packaging for body care and household products such as liquid soap and shampoo. The project is set at the Asian Industrial Estate, Rayong…

Read the complete story on Thailand Business News