The coronavirus pandemic is expected to drive Thailand’s e-commerce growth by 30% in 2020, compared with the usual 15-20%, says e-commerce pioneer Pawoot Pongvitayapanu. Traditional retail businesses are likely to be disrupted by Chinese e-commerce players faster than expected, he said. Many local small and medium-sized enterprises (SMEs) will disappear within five years after e-commerce […]
Read MoreMANILA, Philippines — The benchmark Philippine Stock Exchange index (PSEi), the stock market gauge, managed to rise yesterday despite reports the economy contracted for the first time in more than two decades. The main composite index went up by 13.89 points, or 0.24 percent, to close at 5,653.16. On the other hand, the broader All […]
Read MoreAs the dollar price has decreased in the international market, the official exchange rate announced by the State Bank of Vietnam (SBV) and dollar market price have also decreased slightly. Dollar price down The official exchange increased in the last week of April, reaching VND23,272 per dollar in the last trading session of the week, […]
Read MoreSome 13.4 million non-formal workers have been approved for the monthly 5,000-baht cash handout from the government, with the screening process expected to be completed on May 17. Of the total, 4.4 million recipients met the criteria on application, 5.3 million were required to provide additional information to the Finance Ministry and the remainder are […]
Read MoreMoody’s Investors Service has placed the long-term ratings and assessments of three Vietnamese finance companies and two Vietnamese banks on review for downgrade. The finance companies are VPBank Finance Company Limited (FE Credit), Home Credit Vietnam Finance Company Limited (HCV), and SHBANK Finance Company Limited (SHB Finance). The banks are Vietnam Prosperity Joint Stock Commercial […]
Read MoreThe State-run SME (Small and Medium Enterprise) Bank is expected to help lift local productions, supplying domestic demands, officials and key insiders said. The remarks were made after the official operation of long-awaited SME Bank is scheduled within this year, in a move to reply to the financial need of SMEs. Speaking at a press […]
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Thailand
