The mechanisation of the sugar cane sector, in particular in the harvesting of sugar cane, remains low across Southeast Asia relative to other major producing markets, namely Brazil, other countries in South America and India and China. Thailand transformed from being a net importer of combine harvester-threshers and other harvesting machinery in 2011, to a […]
Read MoreThe World Bank is expected to evaluate in August the impact of the pandemic on Thailand, determining how it has affected the poor, says Pongnakorn Pochakorn, the Fiscal Policy Office’s senior expert on macroeconomic policy. The evaluation includes both negative and positive factors, such as the continued outbreak and government relief measures, said Mr Pongnakorn. […]
Read MoreKUALA LUMPUR (BLOOMBERG) – The ringgit has greeted the start of Malaysia’s two-week national lockdown with a show of stability, suggesting any adverse impact from the restrictions may be limited. The currency was Asia’s worst-performer in May, falling almost 1 per cent against the US dollar as the nation’s Covid-19 cases rose to a record. However, it […]
Read MoreHaystack Asia Capital Limited, the investment capital firm, has acquired a 25% stake in Camboticket, the foremost online travel-booking platform in the Mekong Region. The acquisition is another strategic investment for Haystack Asia as it continues to expand its footprint in Cambodia’s emerging tech and startup sectors. Camboticket was founded in 2014 as the first […]
Read MoreThe government is setting up a working panel to study an appropriate structure for the gross profit (GP) or commission fee applied to food vendors by online food delivery platforms to prevent operators from profiteering. Online food orders have surged during the pandemic. Wattanasak Sur-iam, director-general of the Internal Trade Department, said Commerce Minister Jurin […]
Read MoreThe headline consumer price index (CPI) rose for a second straight month in May, up 2.44% from a year earlier, the Commerce Ministry said on Friday, slightly missing analysts’ expectations. The figure, weighed down by government utility subsidies, compared with a forecast for a rise of 2.85% in a Reuters poll and followed April’s 3.41% […]
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Thailand
