MANILA, Philippines — The Board of Investments (BOI) is hoping to get the world’s biggest bicycle maker Giant Manufacturing Co. Ltd. to set up shop in the country amid higher demand for bikes given limited transport options due to the coronavirus disease 2019 or COVID-19 pandemic. “It (Giant) continues to be a good lead. We […]
Read MoreThe nation’s high unemployment rate is expected to worsen and continue into next year as the country braces for further economic consequences of the COVID-19 crisis, senior government officials said on Monday. Some 5.5 million people may lose their jobs this year, pushing the unemployment rate to between 8.1 and 9.2 percent, up from 5.28 […]
Read MoreThailand is searching for a new central bank governor to steer the economy through one of its biggest crises in decades as traditional policy options run out. Bank of Thailand Governor Veerathai Santiprabhob, 50, will leave the bank once he finishes his five-year term at the end of September, declining to stay on longer because […]
Read MoreYesterday’s announcement by Prime Minister Hun Sen that the government will be transferring monthly cash payments of $25 million to more than 600,000 of the Kingdom’s poorest families, has been widely applauded but has also raised some concerns. As several leading studies have concluded, while cash transfer programmes have been shown to have many benefits, […]
Read MoreThe Board of Investment (BoI) and Eastern Economic Corridor (EEC) Office have been ordered to speed up rejigging promotional privileges for five new S-curve industries to make them more enticing for foreign investment. Kanit Sangsubhan, secretary-general to the EEC Office, said the Eastern Economic Policy Committee chaired by Prime Minister Prayut Chan-o-cha found promotional privileges […]
Read MoreThe World Bank has called on Indonesia to carry out reforms, especially on tax and subsidies, to improve the quality of its public spending. In its “Indonesia Public Expenditure Review” report published on Monday, the global financial institution said the country currently faced several constraints that prevented it achieving quality spending to close the gap between human […]
Read More
Thailand
