MANILA, Philippines — A cap on interest rates and other fees slapped by lending and financing companies, as well as online lending platforms for small value loans, would help spur credit growth in the country, according to Credit Information Corp. CIC president and CEO Ben Joshua Baltazar said the country’s public credit registry and repository […]
Read MoreThe Marine Department has decided to launch a study to determine the feasibility of constructing a cruise ship terminal on Koh Samui in Surat Thani province. In an attempt to gauge the private sector’s interest in the proposed cruise ship terminal project, the department launched a seminar in Bangkok on Tuesday. The seminar, chaired by […]
Read MoreBoth countries are exchanging views on post-Covid-19 crisis recovery efforts and the progress of Asean’s response to the Covid-19 crisis; review and approval of the recommendations of the 41st Meeting of the High-Level Working Group on Asean Economic Integration to the 28th Asean Economic Ministers’ Meeting Cambodia and Singapore have reaffirmed their commitment to continue […]
Read MoreThe Asean Economic Ministers (AEM) group wants to upgrade existing free trade agreements (FTAs) and accelerate the enforcement of the Regional Comprehensive Economic Partnership (RCEP) trade pact among all members, aiming to revive the regional economy amid the Covid-19 crisis. According to Trade Negotiations Department director-general Auramon Supthaweethum, the economic ministers are expected to discuss […]
Read MoreIndonesia’s move to increase the value-added tax (VAT) on goods and services from 10 per cent to 11 from April 1, 2022 is met with dismay from tourism stakeholders, who fear that higher travel costs will hamper business recovery as well as raise operating costs. The government said the increased value-added tax was needed to […]
Read MoreHomebuilders are planning to adjust construction fees up 5-8 per cent in April following a rise in the prices of fuel and some raw materials due to the war in Ukraine, the Home Builder Association (HBA) announced on Tuesday. Homebuilders are shouldering the rising cost of raw materials, especially steel rods, which are now over […]
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Thailand
