The Tourism Department is planning to set minimum prices for outbound tour packages to deal with the growing price war that could eventually lower service quality. Taweesak Wanichcharoen, director-general of the department, said minimum prices for outbound services is allowed under the Tourism Business and Guide Act 2008, but it has not been enforced seriously. […]
Read More[HONG KONG] Singapore firms are likely to see more soured debt as the trade-reliant economy takes a hit from US-China tensions. That’s the view of debt restructuring experts, for whom more bad debt could mean increased business. Singapore’s government cut its forecast for economic growth this year to almost zero, and weak export data have […]
Read MoreThe Board of Investment (BoI) looks set to propose to the economic cabinet at its meeting on Friday a relocation package for foreign investors wishing to shift from China to Thailand. The package will focus largely on headquarters, research centres, talent and high technology industry, said Kobsak Pootrakool, deputy secretary-general to Prime Minister Prayut Chan-o-cha […]
Read MoreCambodia Angkor Air, the national flag carrier, plans to launch a direct flight to Da Nang, in central Vietnam, in October. For in depth analysis of Cambodian Business, visit Capital Cambodia The company revealed its plans during a meeting on Thursday with the Ministry of Tourism. During the meeting, Cambodia Angkor Air CEO Hoang Manh Tuan […]
Read MoreThe Bank of Thailand (BOT) has written to commercial banks asking them to disclose statistics on the recent glitch in their mobile-banking applications on their websites by August 30. It said that since information technology (IT) plays a significant role in commercial banking, any disruptions will have a widespread impact on businesses. The letter also […]
Read MoreThe Finance Ministry plans to establish a committee to determine how to restructure the taxation system. Minister Uttama Savanayana said on Monday (August 26) the planned revamp would sharpen Thailand’s global competitive edge and ensure fair assessment for all citizens and private firms. Committee members will be representatives of the three tax-collection departments and the […]
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