AirAsia is aiming to use its strong network in Thailand to speed up the growth of Gojek in the country and put the loss-ridden service on the path towards profit within one year via upcountry expansion, starting with three key provinces in the fourth quarter. The group’s plan is to boost revenue from digital services […]
Read MoreThe Covid-19 pandemic has presented an unpleasant picture for new factory registrations, with a sharp decrease in new factories and facility expansions in the third quarter of 2021, according to the Department of Industrial Works (DIW). From October 2020 to June 2021, factory expansion projects decreased by 70.23% year-on-year to 209 factories while the number […]
Read MoreForeign direct investment (FDI) fell 50 percent Jan-May from the same period in 2020, according to the Ministry of Economy and Finance. Investment projects for the first five months of 2021 were valued at $825 million, a 59 percent drop from results for the same period in 2020. The projects are expected to create 30,000 […]
Read MoreReported suspicious current and savings accounts or CASA transactions in the country have surged in the last three years. This is according to the latest assessment of the Philippines‘ exposure to external and internal threaths based on suspicious transaction reports (STR) for 2018-2020 by the Anti-Money Laundering Council (AMLC). In the assessment released on Wednesday, AMLC said the […]
Read MoreAfter a period of rapid development, some construction material products are facing the risk of oversupply. Offering discount to reduce inventory Cement, tiles, and construction glass are three products that the Ministry of Construction listed on the red alert category because of oversupply. Up to now, the total number of cement production lines has reached […]
Read MoreThe baht opened at 32.36 to the US dollar on Thursday, weakening from Wednesday’s closing rate of 32.28. The Thai currency is likely to move between 32.30 and 32.40 during the day, Krungthai Bank market strategist Poon Panichpibool said. Poon reiterated that the baht was being pressured by the Covid-19 situation in Thailand and the […]
Read More
Thailand
