The Ministry of Commerce’s Go4eCam e-commerce marketplace is expected to go online in July, according to Long Kemvichet, the ministry’s spokesman. Kemvichet made the remarks at an Aid-for-Trade Stocktaking Event 2021 webinar on Wednesday afternoon. Aid for Trade is an initiative by the World Trade Organization to help accelerate and promote trade in developing countries. […]
Read MoreBangkok Bank (BBL) has become the first local bank to offer cross-border QR payments between Thailand and Vietnam. The service will help support economic recovery as Thailand opens up after the pandemic, the bank says. The project to promote cross-border payments via QR code technology is the fruit of a collaboration between the Bank of […]
Read MoreThe private sector in Phuket has welcomed the government’s reopening plan to allow vaccinated foreign tourists to visit the resort island from July 1 which is expected to pull in more than 84 billion baht. In July, Phuket will be the first province to waive the quarantine requirement for foreign visitors who have been vaccinated […]
Read MoreThailand’s economy is expected to grow 3.4% this year, down from the 4% projected earlier, and the recovery would be gradual amid high uncertainties and weak tourism, the World Bank said on Friday. Thailand’s tourism-reliant economy shrank 6.1% last year, its deepest slump in over two decades, with tourism battered by the impact of the […]
Read MoreSiam Commercial Bank Plc, the country’s third-largest bank by assets, on Friday announced a joint venture with Indonesian startup Traveloka to offer financial services and products to Thai customers. The new joint venture, TREX Ventures, will combine Traveloka’s understanding of user behaviour and tap into SCB’s 16 million customers, Pitiporn Phanaphat, the chief financial officer […]
Read MoreKUALA LUMPUR: Malaysia’s government will pay more attention to economic sectors most affected by the pandemic such as tourism and retail, and will wait for the recovery to gain traction before considering any new taxes, the country’s finance minister said Friday. The Finance Ministry is studying the possibility of a consumption tax, but “we have […]
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