Since credit has been growing slowly because of low demand from businesses, commercial banks have increased the number of consumer loans to ‘liberate’ their plentiful capital. Some commercial banks, especially foreign banks, are offering car loans at interest rates below 10 percent. Woori Bank is lending to fund car purchases at the interest rate of […]
Read MoreWith rising demand for rubber gloves, products related to working from home, appliances, healthcare items and food because of the pandemic, the Commerce Ministry expects the country’s overall exports to shrink by just 5-8% this year. Pimchanok Vonkorpon, director-general of the Trade Policy and Strategy Office, said that despite the coronavirus crisis, most trading partners […]
Read MoreCambodia and Indonesia have reached an agreement on double tax avoidance (DTA), the General Department of Taxation (GDT) said on Tuesday. If the remaining approval procedures are completed in the course of 2020, the DTA could take effect from as early as January 1, said the GDT. It said the agreement will protect nationals of […]
Read MoreMore than half of respondents in the survey of a life insurance company believe that the Philippine economy would take a longer time to bounce back from the impact of the coronavirus disease 2019 (Covid-19) pandemic. At a briefing on Wednesday, Melissa Henson, senior vice president and chief marketing officer of Manulife Philippines, revealed that […]
Read MoreThe current sluggish Malaysian property market could be a “period of opportunity” for buyers and investors, experts and consultants have said. CBRE-WTW group managing director Foo Gee Jen has expressed optimism about the local property market despite the global pandemic and its impact on the economy. “There is a lot of opportunity in the market […]
Read MoreThe Department of Disease Control (DDC) is keeping a close watch on Myanmar cities that border Thailand after learning the country on Wednesday reported 592 new cases of Covid-19. The coronavirus disease situation in Myanmar is a great concern, so business operators should stop hiring foreign workers, especially Myanmar people, to help prevent a second wave […]
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Thailand
