The baht opened at 32.76 to the US dollar on Friday, weakening from Thursday’s closing rate of 32.74. The Thai currency is likely to move between 32.70 and 32.85 during the day, Krungthai Bank market strategist Poon Panichpibool said. Poon predicted the baht would move sideways as investors were waiting for important factors, such as […]
Read MoreThe draft of a new excise tax for the electric vehicle (EV) industry is on track and is expected to be finished this year, said Lavaron Sangsnit, director-general of the Excise Department. The new tax is aimed at stimulating demand for EVs in Thailand and wooing foreign investment into the industry, Mr Lavaron added. The […]
Read MoreSINGAPORE – To keep the marine and offshore engineering sector in Singapore buoyant, a plan to boost its competitiveness is being updated by government agencies to account for disruptors such as Covid-19 and climate change. Dr Tan See Leng, Second Minister for Trade and Industry, told Parliament on Tuesday (July 27) that the refreshed industry […]
Read MorePostmart and Vo So e-commerce sites have been assigned to place farm produce on sale, thus promoting the digital economy in agriculture and rural development. The plan, approved by the Ministry of Communications (MIC), aims to boost the sale of farm produce and accelerate distribution to avoid congestion during harvesting season. This will keep farm […]
Read MoreThe National Bank of Cambodia (NBC)’s Governor Chea Chanto has said that the global economic recovery will support Cambodia’s export and investment sectors, reinforcing its position as a pillar of support for relevant sectors, to boost the national economy into positive growth and sow the seeds of an eventual rebound in tourism. He said developed […]
Read MoreMANILA, Philippines — Pandemic-related risks are expected to delay the Philippines’ economic recovery and may raise the prospects of long-term economic scarring, according to Moody’s Investors Service. “Pandemic risks have weighed on the Philippines’ economic recovery compared to its more export-oriented peers in Asia-Pacific, delaying fiscal consolidation and raising the prospects of long-term economic scarring. […]
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Thailand
