Efforts by foreign retailers to establish a presence in Thailand have faced an uphill climb. The closure of Japan’s Isetan and the sale of UK-based Tesco’s Asian assets to CP Group are the latest evidence underlining the difficulty of sustaining business in the Thai retail market, where local giants have flexed their muscles to become […]
Read MoreThe Myanmar Investment Comission (MIC) says it will be issuing emergency loans to around 400 small businesses that have suffered financial losses due to the COVID-19 pandemic sweeping the world. “Over 400 businesses submitted their loan application forms on April 4, and the applicants have been determined to be genuine companies that have actually suffered […]
Read MoreThe governor of the National Bank of Cambodia, the nation’s central bank, Chea Chanto, has opened his heart about the future of the domestic currency and the dollar. He says the use of the riel will increase further compared with last year by introducing several measures including the development of policy instruments such as providing a […]
Read MoreA total of 233 projects will be implemented under the Poverty Reduction Fund in 2020, of which a majority are infrastructure development schemes. A total of 58 projects will receive funds worth more than 13 billion kip (US$1.4 million) from the Lao government, while 175 projects will be supported by the Swiss Agency for Development […]
Read MoreSINGAPORE firms’ payment performance has in the first quarter of 2020 hit its lowest since the third quarter of 2016, with the services and manufacturing sectors seeing the largest year-on-year (y-o-y) increases in slow payment, the Singapore Commercial Credit Bureau (SCCB) said on Monday. Prompt payments plunged 8.5 percentage points y-o-y to 43.20 per cent from 51.70 per […]
Read MoreThe Hanoitimes – A change in the epicenter of the pandemic from China to the US and Europe is causing greater impacts on Vietnam’s economy. Vietnam’s GDP in the second quarter is forecast to expand by 2% year-on-year, slowing down from a 3.82% expansion in the first quarter, or even fall into recession, according to a […]
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Thailand
