Anadolu Agency – The European Union will increase its investment in the Asia-Pacific region more than ever before, the head of the European Commission said. Speaking at the 13th Asia-Europe Meeting by a video link, Ursula von der Leyen stressed the importance of strengthening the relationship between Europe and the Asia-Pacific region. “We are going to […]
Read MoreMANILA, Philippines — The Bangko Sentral ng Pilipinas (BSP) is finalizing the changes to the licensing prudential criteria in view of the deployment next year of a more forward-looking rating system in assessing the compliance of banks and other financial institutions in mitigating business risk. The regulator has circulated a draft circular on the amendment […]
Read MoreForeign investors have little to fear if they want to do business in the Kingdom. A study conducted by Gallup, one of the leading analytics company in the world, found that Cambodia is one of the safest countries in Southeast Asia. The 2021 Global and Order Report ranked the Kingdom as the third safest country […]
Read MoreThe Finance Ministry may consider lowering the import duty on electric vehicles (EVs) as part of the measures to promote the use of EVs, says a ministry source who requested anonymity. Thailand’s EV import tax rates vary. EVs imported from China enjoy a 0% tax rate under a bilateral agreement between Thailand and China. Some […]
Read MoreHCM CITY – After a decline in output and exports in the second and third quarters due to the COVID-19 pandemic, many industries have seen a rebound in exports and strong growth since October. Trung An Hi-tech Agriculture Joint Stock Company in Cần Thơ City said it has signed a contract to export 15,000 tonnes […]
Read MoreNon-performing loans (NPLs) of small and medium-sized enterprises (SMEs) next year are expected to rise to 10% from 6% at present if relief measures by financial institutions are not extended from the end of this year, says Export-Import (Exim) Bank of Thailand president Rak Vorrakitpokatorn. The expirations could adversely affect SMEs still struggling with the […]
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