The government’s latest 30,000-baht tax break, offered to taxpayers buying goods and services, is expected to boost Thailand’s electrical appliance market to more than 200 billion baht in value. Executives at retailers and appliance companies such as Power Mall, Toshiba, Sony and Sharp share the belief that the latest tax incentive will stimulate consumer spending […]
Read MoreThe country’s economic forecasts are unlikely to be revised down further this year despite Thai stocks looking bearish in the fourth quarter, says Asia Plus Securities. ASP recommends that investors accumulate stocks before the SET index’s expected recovery next year to a target of 1,450-1,526 points (based on a price-to-earnings ratio of 20-21 times). Therdsak […]
Read MoreVietnamese companies have been stepping up investment to boost rice exports to Europe – however, it remains a challenging task penetrate the market efficiently. On September 22, Loc Troi Group JSC exported the first batch of 126 tonnes of fragrant rice to the EU. To reach this, LocTroi upped its planting methods and quality control […]
Read MoreMANILA, Philippines — Banks continue to grapple with higher bad loans amid the economic fallout caused by the COVID-19 pandemic, the Bangko Sentral ng Pilipinas (BSP) said. The central bank said the gross non-performing loan (NPL) ratio of the banking sector rose for the eighth straight month, hitting its highest level in almost seven years […]
Read MoreThe government is preparing Rp 75 trillion (US$5.1 billion) in capital for the nation’s sovereign wealth fund to attract investment and support the economy as global heavyweights from the United States to the United Arab Emirates have expressed interest to join. Finance Minister Sri Mulyani Indrawati said Rp 30 trillion of the capital would be […]
Read More[KUALA LUMPUR] Malaysia’s corporates are turning to private share placements to raise funds as demand for public listings of bonds and stocks wanes and banks cut back on their lending. The South-east Asian nation’s stock exchange saw 151 deals in the first nine months of the year, compared with 76 in the same period of […]
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