MPs on Thursday voted 270-196 to allow the government to borrow 500 billion baht for various Covid-19 projects. About 300 billion baht will go towards relief schemes for people across various sectors, 30 billion baht on medical supplies, drugs, vaccines and research, and the rest for social and economic rehabilitation schemes. All loan contracts must […]
Read MoreThe rise of local retailers via mergers and acquisitions is expected to transform the competitive landscape of Vietnam’s retail market, which used to be dominated by foreign investors, and help domestic equivalents complete their ecosystems. Last month, Truong Hai Auto Corporation (THACO) inked a deal to acquire Emart Vietnam Co., Ltd., the operator of the […]
Read MoreMANILA, Philippines — The Philippine economy is expected to register a substantial 15 percent growth in the second quarter, largely due to low base effects, but also owing to a tailored approach in restrictions following a second wave of COVID-19 cases, a foreign think tank said. In its latest economic monitor, UK-based Pantheon Macroeconomics said […]
Read MoreCambodia and Thailand have pledged to facilitate the two nations’ bilateral trade at cross-border checkpoints in order to boost it towards its previously set target of $15 billion. The news was revealed at a meeting between Cambodia’s Deputy Prime Minister and Minister of Foreign Affairs and International Cooperation Prak Sokhonn and Thai Deputy Prime Minister […]
Read MoreEconomic and tourism recovery driven by vaccinations will help revive the sluggish property market in tourism-reliant provinces which have been hit hard since the spread of Covid-19. Vichai Viratkapan, acting director-general of the Real Estate Information Center (REIC), said the property market of provincial economies that rely on tourism felt a severe impact from the […]
Read MoreASIAN consumers are set to account for half the world’s growth in consumption, amounting to some US$10 trillion by 2030, according to a research study from McKinsey Global Institute. But businesses hoping to tap this golden opportunity will face challenges of shifting preferences, demographics and diversity, the report warned. Gaping differences within consumer demographics, due […]
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Thailand
