The central banks of Thailand and China have renewed a baht-yuan bilateral currency swap arrangement for five years to support trade and investment in the local currencies, the Bank of Thailand said on Friday. The Bilateral Swap Arrangement allows for the exchange of local currencies up to 70 billion yuan ($10.83 billion) or 370 billion […]
Read MoreMANILA, Philippines — Trade’s V-shaped rebound was disrupted in November, a sign of a sputtering recovery exacerbated by the lack of an expected nudge during the Christmas season. Merchandise trade shrank 10.6% year-on-year to $13.31 billion in November, easing from 11.9% annual contraction in October, but on a month-on-month basis, shipments sagged 7% from October. […]
Read MoreVietnam’s rice exports grew by 9.3 percent last year to $3.07 billion though it stockpiled the grain to ensure food security after Covid-19 broke out. But volumes were down 3.5 percent to 6.15 million tons since the country stopped exports for over two weeks in March and April to ensure adequate domestic supply amid the […]
Read MoreBamboo Shoot Foundation, an NGO based in the province of Siem Reap has started to transform plastic waste into bricks being used as construction materials to lessen the pollution and damages brought by plastics thrown into the Tonle Sap lake. Sea Sophal, director of the foundation, calls the initiative “Tonle Sap Green Brick”. “Our project […]
Read MoreConsumer sentiment dropped for the first time in three months in December as people grew concerned about a surge in Covid-19 infections in the country. The University of the Thai Chamber of Commerce (UTCC) reported yesterday the consumer confidence index fell to 50.1 in December from 52.4 in November, following readings of 50.9 for October, […]
Read MoreThe Finance Ministry is considering extending reduced liability for the land and building tax by another year to lower taxpayers’ financial burdens. The ministry’s decision to reduce eligible taxpayers’ liability for the land and building tax by 90% in 2020 followed the pandemic sweeping the globe, causing higher unemployment and GDP contractions. The relief has […]
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