MANILA, Philippines — Emerging economies in Asia like the Philippines should continue to strengthen their fiscal response to ensure economic recovery as the pandemic’s end is nowhere within sight. In the latest Asian Development Bank blog, ADB principal economist Jong Woo Kang expressed concern that emerging countries are not spending enough to shore up their […]
Read MorePrime Minister Prayut Chan-o-cha has ordered the Finance Ministry and related agencies to speed up fresh economic stimulus measures to continue spurring domestic spending. On Monday, the premier also instructed the Finance Ministry and related agencies to accelerate the rollout of the third phase of the co-payment scheme and continue the Rao Chana (We Win) financial […]
Read MoreThe fast moving consumer goods sector is forecast to grow at 6.4 per cent this year in the country’s four major cities and 8.7 per cent in rural areas, according to global data and consulting company Kantar Worldpanel. Growth in packaged foods is expected to fall from last year in Hanoi, HCM City, Da Nang, and […]
Read MoreThe pandemic has created a seismic shift in the restaurant industry, first with the rise of online ordering and now through ordering via Quick Response (QR) code menus. Nham24’s ship is poised to rise with the tides on the strength of using both. With thousands of partnered restaurants and an ever-growing customer base, the company […]
Read MoreSawasdeeShop, an international money changer, will ask permission from the Bank of Thailand (BoT) to use cryptocurrency as an intermediary in international money transfers and currency exchanges in order to reduce costs. Aswin Phlaphongphanich, president and chief executive at SawasdeeShop, said adopting cryptocurrencies and blockchain technology to cut costs in back-end operations can help the […]
Read MoreThe Finance Ministry has ordered the Customs Department to step up its search for ways to reduce the impact of the exemption on import tax and value-added tax (VAT) for imported goods worth up to 1,500 baht, saying such measures are hurting small and medium-sized enterprises (SMEs). According to Patchara Anuntasilpa, director-general of the Customs […]
Read More
Thailand
