Export stocks in many industries are expected to gain from a 6% depreciation of the Thai baht since mid-May as the prospects of US economic recovery and an inflation rate hike has caused the US dollar to rise, according to KTBST Securities. Petrochemical, energy and material import stocks from businesses abroad face losses on the […]
Read MoreThe People’s Committee of Da Nang City has asked for the Prime Minister’s approval for the construction of three new industrial parks at a cost of more than VND15,000 billion (over $652 million). Pham Truong Son, Head of the Management Board of Da Nang Hi-Tech Park and Industrial Parks, told VietNamNet that the three new […]
Read MoreMANILA, Philippines — The Duterte administration can still afford to unleash a bigger pandemic stimulus, thanks to still “sufficient” fiscal space that the government should use to prevent a massive economic scarring. Although last year’s pandemic spending ballooned government debt, as a share of the economy, to 54.6% from a record-low 39.6% in 2019, it […]
Read MoreThere will be penalties for people who break their 14-day mandatory stay in Phuket as the provincial government has been given full authority to impose a fine or withdraw quarantine-free privilege from tourists. The regulations, published in the Royal Gazette, not only grants permission to Phuket to reopen without quarantine to inoculated tourists but also authorised nine […]
Read MoreKUALA LUMPUR, June 29 — Finance Minister Datuk Seri Tengku Zafrul Abdul Aziz hinted today at the possibility of raising the statutory debt ceiling amid growing appeals for the government to inject more money into an economy hit by a fresh round of Covid-19 containment measures. Zafrul said some of the money to fund the […]
Read MoreHotel operators in Phuket say they are ready to reopen and have prepared measures to receive foreign visitors when the island province reopens under the Phuket Tourism Sandbox scheme on Thursday. The Bangkok Post talked to several hotel operators on the southern island about what they have done to prepare themselves to curb the spread of Covid-19 […]
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Thailand
