Passpod, a Wi-Fi modem rental and online travel agent that took part in a state-sponsored start-up training program, was oversubscribed 10 times during its initial public offering (IPO). The three-year-old company is projected to serve 2 million Indonesians traveling overseas by 2021. The company, which has served 58,000 customers to date and claims a 50 […]
Read MoreTHE Tripartite Workgroup on Older Workers has reached an agreement to lift both the retirement and re-employment age – and Manpower Minister Josephine Teo has given her backing for this “significant milestone”. “I agree with the Workgroup and I will try my best to make it happen,” she told Parliament on Tuesday during the debate on the government budget. While there have been […]
Read MoreThe financial sector plays an integral role in the well-being of any economy. In fact, it is often regarded as the lifeblood of the economy, as a smoothly functioning financial system is a necessary prerequisite for economic health and growth. When the financial system is healthy, it allows for efficient allocation of credit to businesses and […]
Read MoreThe government will push for completion of the Thai-Sino high-speed railway project linking Bangkok and Nong Khai by 2023 so it can connect to another fast rail project in Laos, said Nathporn Chatusripitak, a spokesman for Deputy Prime Minister Somkid Jatusripitak. The cabinet was informed of the progress of the 608-kilometre rail project Tuesday, Mr Nathporn […]
Read MoreKUALA LUMPUR: Malaysia’s central bank kept its benchmark interest rate unchanged on Tuesday, saying inflation is likely to remain low after the economy slipped into deflation in January. The central bank kept its overnight policy rate at 3.25%, in line with the forecasts of all 22 economists surveyed by Bloomberg. Bank Negara Malaysia has left the rate […]
Read MoreThe Cabinet yesterday agreed to revise the excise tax for electric cars and trucks using diesel B20 to zero per cent and 0.5 to 2 per cent respectively to lessen the problem of particulate dust pollution. Finance Minister Apisak Tantivorawong said after the Cabinet meeting yesterday that the first measure will reduce excise tax for […]
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Thailand
