The Board of Investment (BoI) and Eastern Economic Corridor (EEC) Office have been ordered to speed up rejigging promotional privileges for five new S-curve industries to make them more enticing for foreign investment. Kanit Sangsubhan, secretary-general to the EEC Office, said the Eastern Economic Policy Committee chaired by Prime Minister Prayut Chan-o-cha found promotional privileges […]
Read MoreThe World Bank has called on Indonesia to carry out reforms, especially on tax and subsidies, to improve the quality of its public spending. In its “Indonesia Public Expenditure Review” report published on Monday, the global financial institution said the country currently faced several constraints that prevented it achieving quality spending to close the gap between human […]
Read MoreMANILA, Philippines — ANZ Research expects the Philippine economy to contract by 2.5 percent this year as the economy further deteriorated in the second quarter due to the impact of the global coronavirus disease 2019 or COVID-19 pandemic. In a report, ANZ said it expects an all-around deterioration for the Philippines, reflecting the sizeable headwinds […]
Read MoreSaha Group, the country’s biggest consumer goods conglomerate, expects domestic consumer consumption to stay bearish in the next few years because of the crisis, which has gutted domestic employment. Thammarat Chokwatana, executive vice-president of SET-listed ICC International, the fashion and beauty marketing arm of Saha Group, said Thais’ well-being has not recovered even with eased […]
Read MoreLarge business investment trends, particularly e-commerce and digital healthcare, are poised to accelerate over the next 5-10 years following the pandemic, says Tisco Securities. The crisis has prompted a significant change in consumers’ lifestyle and business operations, said Paiboon Nalinthrangkurn, chief executive at Tisco Securities. For instance, virtual meetings and webinars conducted via Zoom and […]
Read MoreSINGAPORE – More than 60 per cent of the applications for the Self-Employed Person Income Relief Scheme (Sirs) processed by the National Trades Union Congress (NTUC) have been approved, the Ministry of Manpower (MOM) said on Monday (June 22). It added that the vast majority of those who applied received the same payouts as auto-included recipients, after […]
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Thailand
