The local insurance industry may have been dealt a setback after negotiations between several local and foreign insurers were reported to have broken down. According to a report by Nikkei, which cited insiders, local insurers decided to pull out of talks with Thailand’s Muang Thai Insurance and Muang Thai Life Assurance, and South Korea’s DB […]
Read MoreThe government looks set to amend the Price of Goods and Services Act, which has been in force since 1999, aiming to apply administrative sanctions instead of criminal penalties. Wattanasak Sur-iam, deputy di- rector-general of the Internal Trade Department, said the new penal- ties will help the act comply with changing economic and business conditions. […]
Read MoreMANILA, Philippines — The country’s sugar production is expected to remain low, possibly requiring more imports for the country. An industry source privy to the matter said local sugar production is seen nowhere near recovery for the next crop year which will start next month. “Next year’s estimate is even lower than this year’s actual […]
Read MoreVARIOUS studies and statistics covering a range of fields involving Brunei Darussalam were released in July. One such study is the Henley Passport Index – an annual ranking of the most powerful passport in the world, officially released in real-time each quarter. According to the Index, Brunei’s passport is ranked among the top three most […]
Read MoreS&P Global Ratings today said that the explosions in a few locations in Bangkok on August 2 do not materially affect sovereign credit risk for Thailand (foreign currency ratings: BBB+/Stable/A-2). These explosions are unlikely to have much impact on political stability, with the government continuing to have the support of much of the Thai establishment […]
Read MoreIndonesia is expecting Russian President Vladimir Putin to continue providing favourable treatment when it comes to palm oil exports by dropping a plan to impose a higher import tariff for the key commodity. The Russian parliament approved a bill to impose a 20 per cent tariff – up from 10 per cent – on palm […]
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Thailand
