Following the extension to the lockdown until August, the office market slowdown will continue in the third quarter with a further decrease in occupancy rate, according to property consultant Edmund Tie & Co Thailand. Neeranuch Kanokvilairat, manager of research & consulting, said some office tenants were using less office space as they had reduced the […]
Read MoreCar manufacturers are planning to shift production chains elsewhere to Vietnam in case such tax incentives are extended. The current tax incentives for domestically-produced cars, set to expired on December 31, 2022, are expected to be extended beyond that timeline to continue supporting the local automobile and supporting industries. The Ministry of Finance (MoF) proposed […]
Read MoreMANILA, Philippines — Cross-border digital payments services provider WorldRemit sees remittances from overseas Filipino workers (OFWs) bouncing back, with growth of six to seven percent this year after slumping by 0.8 percent last year due to displacements in host countries amid the COVID-19 pandemic. WorldRemit Philippines country director Earl Melivo told The STAR the resilience […]
Read MoreApplications for loans in the financial sector continued to drop in the second quarter of this year over concerns regarding the coronavirus outbreak and economic repercussions of the ensuing health crisis, according to a new report. Consumer credit applications decreased overall by 34 per cent, Credit Bureau (Cambodia) Co Ltd (CBC) said in its “Consumer […]
Read MoreThe baht opened at 33.15 to the US dollar on Thursday, weakening from Wednesday’s closing rate of 33.14. The Thai currency is likely to move between 33.10 and 33.20 during the day, Krungthai Bank market strategist Poon Panichpibool said. Poon explained that the baht would continue to weaken due to the Covid-19 situation. Importers have […]
Read MoreThailand saw its fuel consumption decline by 1.7% to an average of 136 million litres per day during the first half of this year, largely attributed to the third wave of Covid-19, says the Department of Energy Business. Average fuel consumption stood at 138 million litres per day in the same period last year. Jet […]
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