Thailand will remain an important production base for Japanese electronics company Panasonic, although the company has decided to shut down its washing machine and refrigerator plants in Chachoengsao and move to Vietnam. Sirirat Yongcharoenchai, general manager for corporate communication at Panasonic Management (Thailand), said top executives in Japan and Thailand have discussed closing the 41-year-old […]
Read MoreThe 55,000 factory workers and 4,300 tourism workers, who have had their jobs suspended by the COVID-19 pandemic, will receive their $40 “out of work” monthly entitlements through their Wing Specialized Bank accounts next week. The Ministry of Labour spokesperson, Heng Sour, told Khmer Times that the government has already allocated its budget for the […]
Read MoreFour commercial banks — Kasikornbank (KBank), Siam Commercial Bank (SCB), Krungthai Bank (KTB) and Bank of Ayudhya (BAY) — followed in the footsteps of Bangkok Bank (BBL), passing on some or more than the central bank’s 25-basis-point rate cut for their prime lending rates. The new rates for KBank, SCB and KTB take effect from […]
Read MoreMANILA, Philippines — More than a fifth of overseas Filipino workers (OFWs) are seen to lose their jobs this year, while new deployment would nearly grind to a halt in an unprecedented shock from the coronavirus to the Philippines’ economic lifeline. To date, Labor Undersecretary Claro Arellano told a congressional hearing 302,216 migrant workers had […]
Read MoreBig companies like Apple, Nintendo, and Samsung and their supplier have switched out to limit damage. Vietnam’s property market is likey to receive inflows of foreign investment after big countries encourage their companies to relocate manufacturing bases out of China due to the global pandemic. The Southeast Asian nation set to get a second round […]
Read MoreEnhancing digital literacy and pursuing a customer-centric experience are necessary as businesses adapt to new behaviour during the pandemic, particularly with travel restrictions and changes in supply chains. Thailand is migrating from the phase of self-quarantine and stringent lockdown measures to gradually resuming operations under social distancing. The impact from the Covid-19 pandemic is classified […]
Read More
Thailand
