Risks of further congestion remain due to uncertainties surrounding the Covid-19 situation and limited loading capabilities from both sides. The Ministry of Industry and Trade (MoIT) on January 18 announced its decision to set up a Steering Committee specialized in addressing the ongoing trade congestion at Vietnam’s northern border gates with China. Minister of Industry […]
Read MoreHoteliers are urging the government to extend the 90% reduction of the land and buildings tax for another two years or collect a new levy of 20-30% instead as the tourism industry is far from recovering. “The new tax rates, which affect hotel owners the most, have to be put off until tourism sees an […]
Read MoreThe Kep-Koh Tonsay Tourism Port, a pier on mainland Kep town replacing an old one, was inaugurated on January 19, and is expected to greatly benefit the provincial economy, and go a long way to support the local tourism, agriculture and fisheries sectors. With a surface area of nearly 5,000sqm, the pier is 68m wide […]
Read MoreTHE Philippine economy likely increased by 5.8 percent in the fourth quarter of 2021, bringing full-year growth to 5.1 percent, Security Bank Corp.‘s chief economist said. Robert Dan Roces‘ full-year 2021 growth forecast is a reversal of the 9.6 percent contraction in 2020, but still falls short of the government’s 5- to 5.5-percent target. Domestic activity, […]
Read MoreThe Office of the Insurance Commission (OIC) unanimously ruled against revoking an order that bans insurance companies from cancelling Covid-19 lump sum payments, saying it would be unfair to the policyholders. The decision to retain registrar order No. 38/2564 comes after overwhelming opposition from a consumer network forum. The Thai General Insurance Association recently appealed […]
Read MoreThe baht hit its lowest point in two months, opening on Thursday at 32.90 to the US dollar, down from Wednesday’s closing of 33.04. The currency is likely to move between 32.85 and 33.05 to the greenback during the day and even swing sideways unless it is influenced by a new factor, Krungthai Bank market […]
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Thailand
