Small and medium-sized enterprises (SMEs) continue facing the brunt of the economic fallout after the community outbreak with an Asia Foundation survey finding that nearly 50 percent of enterprises had closed as of April 2021. A similar survey conducted between July and November 2020 found that only about 13 percent of SMEs had closed. “A […]
Read MoreFrom Covid risks to talk of a reduction in US stimulus, there’s been no shortage of bad news for Asian currencies. An upcoming report on China’s manufacturing sector may add to the pressure. Traders are looking to Chinese factory data for clues on the global outlook after the world’s second-largest economy slowed more sharply than […]
Read MorePHUKET: Local tourism organisations have called for strict Covid-19 curbs to be relaxed to help with a quick recovery despite authorities struggling under the weight of a new surge of up to 200 infections a day. Thanet Tantipiriyakit, president of the Phuket Tourism Council (PTC), said the latest cases were not caused by tourists but […]
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 […]
Read MoreSINGAPORE’S services industries saw business receipts grow 16.6 per cent year on year in the second quarter, with the index recovering to pre-pandemic levels, according to Department of Statistics (Singstat) figures on Friday. On a quarter-to-quarter non-seasonally adjusted basis, business receipts were up 1.9 per cent. Singstat noted that the double-digit year-on-year growth was partly […]
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Thailand
