Market down as good US economy drives interest rate fears

In another sign of Thailand’s Covid-19 battered economy, the Union Mall in Bangkok has announced that it will close temporarily, purportedly for Covid-19 safety but likely because of a lack of customers during the pandemic. The mall, in Ladprao opposite the Central Ladprao shopping mall, took to Facebook this week to announce that they were closing.

Mall management made an exception for food vendors, announcing that restaurants and food service businesses inside could continue to operate. But in-person dining will not be allowed and the businesses could cook food only for pick-up takeaway or delivery service.

The mall made a statement announcing the mall will be closed from now until at least May 27, but the closure may be extended further in future announcements. They stated that the decision was made to close the mall to help prevent any outbreaks or spread of Covid-19. The…