Eleven SET-listed commercial banks posted a 1.81% year-on-year increase in consolidated unreviewed net profit for the three months through September, while most of them continued to see an uptick in bad loans. Their aggregate net profit for the July-to-September quarter amounted to 57.8 billion baht. Siam Commercial Bank (SCB) delivered a 40.8% surge in its […]
Read MoreBangkok has been ranked No.1 in the Mastercard Global Destination Cities Index (GDCI) for international overnight visitors for the fourth straight year, and the sixth time in the past decade. Thailand is the only country in this year’s GDCI with three cities in the global top 20 for international overnight visitors (Bangkok, Phuket and Pattaya) […]
Read MoreThe upcoming summit meeting of the Association of Southeast Asian Nations, or ASEAN, will acknowledge economic headwinds. But officials also express hope that a free trade pact will help the global economy. A series of summit meetings of the 10-member ASEAN will begin in Thailand on November 2. The draft of the chairman’s statement obtained […]
Read MoreInstant noodles, snacks and seasoning powder have been targeted for taxation on salty foods, with the Excise Department likely to apply World Health Organisation (WHO) guidance on dietary sodium intake capped at 2,000 milligrammes per day as a benchmark to determine the levy rates. The tax rates must be high enough to prompt consumers to […]
Read MoreThe rules and regulations to control the sale gold through proper channels in Mynamar require strengthening says a senior official with the Myanmar Gold Entrepreneurs Association. “We are now trying to switch sales through illegal channels into legal ones. Control measures have been taken by the government, whether in the past or currently, but to […]
Read MoreGEORGE TOWN: Northern region-based plastic, tissue paper, fastener, radio frequency chip and semiconductor test-equipment manufacturers are among the beneficiaries of the United States-China trade conflict. Not all Malaysian electronic manufacturers will automatically gain from the conflict. The trade war has prompted multinational corporations (MNCs) in China to outsource production activities to South-East Asia. However, the […]
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