E-commerce titans Lazada and Shopee, which have splurged on spending, racking up some 20 billion baht in losses the past five years, are unsettling local distributors, dealers and modern trade operators that are losing revenue to these e-marketplace giants, says a pundit. Pawoot Pongvitayapanu, founder of local e-commerce platform Tarad.com, said it is imperative for […]
Read MoreThe Ministry of Planning and Investment (MPI) is drafting a plan on solutions to take full advantage of the opportunities to be brought by the investment relocation wave after Covid-19 to develop supporting industries and develop an ecosystem for the automobile industry. It is expected that by 2025, Vietnam will be able to make highly competitive […]
Read MoreThe World Bank’s Board of Executive Directors last week approved US$40 million in emergency finance support for small and medium-sized businesses in Laos to help them recover from the impacts of the COVID-19 pandemic, the bank said in a press release. The funding will be channelled through the World Bank’s ‘Micro, Small, and Medium Enterprise […]
Read MoreThe Ministry of Economy and Finance’s General Department of Customs and Excise of Cambodia (GDCE) has postponed the payment of customs broker licence fees for 2019-2020 as the Kingdom’s logistics sector reels from the sweeping effects of the ongoing Covid-19 epidemic. A letter signed by GDCE director-general Kun Nhem on August 13 and obtained by […]
Read MoreMANILA, Philippines — Governments and corporates accumulating large debts this year for pandemic programs are bound to suffer the negative consequence of expensive payments starting next year, Moody’s Investors Service said on Monday. The scenario, in turn, threatens to further deteriorate the fiscal house of Asian economies, but most especially Indonesia, Sri Lanka and the […]
Read MoreThe government has reaffirmed its plans to issue a presidential regulation (Perpres) on renewable energy this year as it seeks to boost the development of clean energy and reach its energy mix target. The anticipated regulation is set to govern the pricing and procurement of new and renewable energy (EBT) and set green energy incentives, […]
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Thailand
