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Thailand: Industry Ministry eyes 2.2% gain in productivity in two years

The Industry Ministry has set a target to increase industrial productivity by 2.2% by 2022 and raise Thailand’s competitiveness by enhancing labour skills and leveraging technology and innovation. Kobchai Sungsitthisawad, the industry permanent secretary, said Thailand should increase productivity by using existing resources. To deal with problems like the global economic slowdown, trade wars, the […]

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Thailand: The virus and Bangkok property

The outbreak of the coronavirus has affected the property market in Bangkok, in particular the retail and condominium segments. People are travelling less and avoiding crowded places including shopping malls to reduce the risk of falling ill. “This event is hitting the retail market and has caused a significant decrease in traffic inside many shopping […]

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Philippines: Remittances hit record highs in 2019

MANILA, Philippines — The amount of money sent home by Filipinos abroad hit record levels last year, piling up for six consecutive months going into the Christmas holidays, despite fears of a global recession and rising geopolitical tensions, the Bangko Sentral ng Pilipinas (BSP) reported yesterday. Data released by the central bank showed personal remittances […]

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Thailand: Excise delays levy process

The Excise Department has put on hold a process to consider levies on salty food and non-alcoholic beer until the Covid-19 epidemic is under control, its chief says. Given that containing the deadly virus outbreak is the top priority of the Public Health Ministry, which plays a vital role in mulling both excise taxes, such […]

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