The Commerce Ministry looks set to propose the cabinet remove three services — telecommunications, finance and software development — from List 3 of the Foreign Business Act (FBA) to facilitate foreign investment in Thailand. Thosapone Dansuputra, director-general of Business Development Department under the Commerce Ministry, said the department has already completed the draft to remove […]
Read MoreIndonesia’s capital Jakarta will increase minimum wages next year for select businesses despite a government advisory to keep pay unchanged to avoid further job losses during the pandemic. The monthly minimum wage will rise by 3.27% to 4.42 million rupiah (9,400 baht) in 2021 for workers in businesses less impacted by the virus outbreak, according […]
Read MoreMANILA, Philippines — The Philippines continues to fail in producing enough food for the growing population as the country’s rice self-sufficiency has declined to 79.8 percent in 2019, resulting in higher import dependency for Filipinos’ main staple. Based on a report from the Philippine Statistics Authority (PSA), the country’s self-sufficiency ratio (SSR) of rice settled […]
Read MoreThe Hanoitimes – Anecdotal evidence suggested that success in bringing the Covid-19 outbreak under control in Vietnam had helped lead to a recovery in customer demand. The Vietnam Manufacturing Purchasing Managers’ Index (PMI) posted 51.8 in October, down marginally from 52.2 in September, but still signaling an improvement in the health of the sector as business […]
Read MoreSINGAPORE (BLOOMBERG) – Singapore stocks took a beating this week amid the twin uncertainties of the US election and the worsening pandemic in the West, almost replacing Thailand as Asia’s worst equity market this year. The Straits Times Index (STI) fell 1.1 per cent on Friday (Oct 30), taking the 2020 decline so far this year to […]
Read MoreLocal commercial banks are concentrating on debt restructuring and asset quality rather than business growth amid fragile economic conditions that could linger into next year. Pipatpong Poshyanonda, co-president of Kasikornbank (KBank), said the bank will continue paying attention to helping customers with debt restructuring for next year, together with seeking new business opportunities. Despite participating […]
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Thailand
