Foreign investment applications in Thailand amounted to 118.5 billion baht in January-September, down 29% from a year earlier, as investors were deterred by the coronavirus pandemic, an investment agency said on Wednesday. Foreign investors remain interested in the country, despite months of political protests, Duangjai Asawachintachit, secretary general of the Board of Investment (BoI), told […]
Read MoreThailand’s exports may drop by 7% this year, an improvement on the 8-10% drop projected earlier and helped by a gradual recovery in global demand, but a strong baht remains a concern, the Thai shipping association said on Tuesday. “After a positive surprise in September’s shipments, we expect exports to improve further this year,” Ghanyapad […]
Read MoreMalaysia’s central bank held its benchmark interest rate at a record low Tuesday, while warning of downside risks that threaten the economy’s recovery. Bank Negara Malaysia held its overnight policy rate at 1.75% at its final scheduled meeting of the year, as expected by 17 of 22 economists surveyed by Bloomberg. The rest forecast a 25-basis […]
Read MoreStarbucks Corp’s green-siren logo, lattes and Frappuccinos will soon be making their debut in Laos, as the world’s largest coffee chain seeks to expand in Asia. The Seattle-based coffeehouse will open its first store in the capital city of Vientiane by the summer of 2021, making it the 17th Asian market in which the company […]
Read MoreA current labour shortage in Thailand coupled with the economic fallout of widespread flooding in Cambodia is putting pressure on authorities to reopen borders to migrant workers. The borders between Cambodia and Thailand were shut in March because of concerns that cross-border migration would increase the risk of spreading COVID-19. The World Bank has said […]
Read MoreTax authorities around the world believe that tax rules have not kept up with digitalisation, globalisation and new business models. There is a concern that multinationals can make significant profits from countries where their customers are located, by using technology to deliver goods and services without an “onshore” physical presence and potentially without paying taxes […]
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