Gold trading in Thailand has been livelier when compared to global markets, YLG Bullion and Futures (YLG) said on Monday. Tipa Nawawattanasub, YLGs’ chief executive officer, said Thai investors had started buying back gold as it gained positive sentiment from a drop in global market prices and the strengthening of the baht, which brought the […]
Read MoreGovernment agencies are requested to finalize plans to simplify and remove cumbersome business regulations via consulting with enterprises and associations before May 30. The Vietnamese government would set up an e-portal to seek opinions from the business community regarding obsolete laws and regulations that are considered barriers for their operation. The move was revealed in […]
Read MoreThe Bank of Thailand (BoT) is likely to slash its economic growth outlook for this year and next year as the country struggles with a rapidly spreading third wave of Covid-19 infections. The new outbreak, driven in part by the highly transmissible B.1.1.7 variant, has caused over 26,000 cases and 46 deaths in just 25 […]
Read MoreIt is becoming obvious that the global economy, especially in some of the richer nations, is recovering. Recent indicators such as retail sales, industrial production, purchasing managers’ indices and labour market indicators, show good signs of revival. Indeed, the International Monetary Fund this month revised upward its forecast for world economic expansion to 6.0% — […]
Read MoreMANILA, Philippines — Bad debts are not yet done saddling Philippine banks this year with regulators told to expect them to rise to their highest level since at least 2008, crippling their ability to lend and exacerbating an economic downturn with no end in sight yet. The local banking industry is seeing non-performing loans (NPL), […]
Read MoreWhile advancements in 2020 Provincial Competitiveness Index strengthen local business climate, breakthrough approaches are urged to create new room for future improvements to increase investment attraction amid tougher regional competition. Just a few days ago, the northeastern province of Quang Ninh licensed a $500 million photovoltaic cell technology project funded by Jinko Solar Hong Kong. […]
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