SINGAPORE/HONG KONG: British retailer Tesco was set to assess bids by Thai billionaires for its Asian business on Sunday, a potential deal which could be worth just over US$10 billion, four banking sources with knowledge of the matter said. A final decision by Tesco could mark the end of a three-way tussle for control of […]
Read MoreThe government is putting together a second stimulus package to counter the negative impacts of the COVID-19 outbreak. “We are considering all options,” said Finance Minister Sri Mulyani Indrawati in Jakarta on Thursday, adding that her side was also mulling the acceleration of tax return payments. The government previously announced a stimulus package worth Rp 10.3 trillion (US$725 […]
Read MoreThe SET Index is expected to react this week to the government’s new stimulus package and the latest developments in the new coronavirus (Covid-19) situation. The Stock Exchange of Thailand Index is expected to move to the support level of 1,355 to 1,335 lower bound while resistance level is expected to be between 1,380 to […]
Read MoreThe percentage of Thais living in poverty has fallen dramatically over the past three decades, from over 65% in 1988 to under 10% in 2018. However, that trend has reversed in recent years with stalled household incomes and consumption bringing a rise in poverty, according to a new World Bank report. Between 2015 and 2018, the […]
Read MoreThe Hanoitimes – Fitch Solutions has revised its forecast for Vietnam to record a fiscal deficit of 3.8% of GDP (excluding debt principal repayments) in 2020, versus 3.4% previously. Vietnamese government’s announced stimulus package to help businesses cope with the Covid-19 epidemic and support growth, will see 2020 record a larger deficit versus the government’s prior […]
Read MoreThe government is preparing derivative regulations that will support the implementation of the omnibus bill on job creation once the bill is passed into law, a senior minister has said. Coordinating Economic Affairs Minister Airlangga Hartarto said on Thursday that the regulations would consist of 36 government regulations and seven presidential decrees. He said discussions on the […]
Read More
Thailand
