The remaining liquidity of most hotel operators means they will be able to cover operation costs for less than three months, a Bank of Thailand (BoT) survey suggests. The BoT surveyed 220 hotels, among which 17 were alternative state quarantines and three hospitals, between June 14-27. According to the central bank’s hotel operator sentiment index […]
Read MoreRenewable energy output is being reduced even as Vietnam is seeing blackouts as power consumption is off the charts. Numerous areas across Vietnam have been experiencing blackouts due to elevated power consumption breaking historical records during the June heatwaves. The Electricity of Vietnam’s (EVN) National Load Dispatch Centre (NLDC) said the electricity demand across Vietnam […]
Read MoreCompetition between foreign and local professionals, managers and executives (PMEs) is not a zero-sum game, Health Minister Ong Ye Kung told the House on Tuesday, while defending the government’s policy on free trade agreements (FTAs). Specifically, the India-Singapore Comprehensive Economic Cooperation Agreement (CECA) does not oblige Singapore to unconditionally allow entry to PMEs from India, […]
Read MoreA local trade body is working to educate its network and find solutions concerning the EU’s recent removal of a value added tax (VAT) exemption for goods imported into the bloc with a value not exceeding €22 ($26), and the optional Import One-Stop Shop (IOSS) scheme created for low-value consignments. In effect since July 1, […]
Read MoreThe price of gold in Thailand rose by THB100 per baht weight on Tuesday morning. The Gold Traders Association report at 9.26am showed buying price of a gold bar at THB27,250 per baht weight and selling price at THB27,350, while gold ornaments were priced at THB26,757.40 and THB27,850, respectively. On Monday morning, gold had gained […]
Read MoreVietnamese banks are still attractive to foreign investors thanks to the country’s economy and strong resilience to unprecedented difficulties and challenges caused by the COVID-19 pandemic. With Fitch Ratings raising the overall outlook for Vietnam from “Stable” to “Positive”, several Vietnamese banks have also been rated positive by the international rating agency. The rating has confirmed […]
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