Vietnamese overseas investment during the opening nine months of the year surged by 32.4% on-year to reach US$572.3 million, according to the Ministry of Planning and Investment. A total of 41 new projects received investment licenses, with registered capital reaching over US$150.1 million, equivalent to 55.9% compared to the same period from last year. Furthermore, […]
Read MoreSihanoukville Autonomous Port (PAS) is extending the storage grace period from five to seven days from October 1 for export containers passing through the Kingdom’s sole deep-sea port, in a move met with generally positive response from local exporters. The two-day extension of the demurrage-free period was motivated by a meeting between PAS and representatives […]
Read MoreMANILA, Philippines — The nationwide wholesale prices of consumer goods rose to an 18-month high in July, the Philippine Statistics Authority (PSA) said. The General Wholesale Price Index (GWPI) in the Philippines grew at 2.9 percent in July, faster than the 2.2 percent rate in June. This is also much quicker than the growth of […]
Read MoreThe baht opened at 33.41 to the US dollar on Monday, weakening from the previous closing rate of 33.24. The Thai currency is likely to move between 33.25 and 33.40 during the day and between 33.20 and 33.60, Krungthai Bank market strategist Poon Panichpibool predicted. He said the baht in the short term would weaken […]
Read MorePhongsaly provincial authorities have given the green light to a Chinese business group to carry out survey and a feasibility study on the development of a new Triangle Special Economic Zone (SEZ), local media reported. If approved, the zone would be located in the province’s Nhot-ou district at the shared border between Laos, China and […]
Read MoreCollectius, a restructuring partner for financial institutions in Asia, has acquired Magnate Group Plus Co, one of Thailand’s top five debt servicing companies. Collectius has been licensed by the Bank of Thailand since 2016. It has purchased a total of US$369 million (12.2 billion baht) worth of unsecured consumer non-performing loans (NPLs). Regarding the debt […]
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Thailand
