The Bank of Thailand is allowing greater flexibility for non-resident companies to conduct foreign exchange transactions against the baht with domestic financial institutions under the non-resident qualified company (NRQC) scheme. The move is an attempt by the central bank to liberalise onshore regulations related to capital flows and forge a new foreign exchange ecosystem, seen […]
Read MoreThe Hanoitimes – The pandemic has been the major factor that took away work opportunities of 1.6 million people. Up to 22.2 million people have received less income than before the Covid-19 outbreak while the services sector was hit the hardest with nearly 72% of its workforce directly affected. More than 32 million workers aged 15 […]
Read MoreMANILA, Philippines — The Philippines need to harness significant lessons from the pandemic to prepare for future shocks, according to BSP Governor Benjamin Diokno. “Indeed, deep into the pandemic and even during the strictest part of the lockdown, we have exhibited fortitude and resilience as individuals and as a nation. But resilience is not enough. […]
Read MoreThe government’s decision to intensify measures to curb the spread of Covid-19 infections in five provinces, including Samut Sakhon, should not have a severe impact on factory operations if the actions last for a short period, says the Department of Industrial Works (DIW). Samut Sakhon, along with the eastern provinces of Chon Buri, Rayong, Chanthaburi […]
Read MoreCambodian importers and buyers of the Kingdom’s travel goods to the US are now required to pay import duties as the latter’s Generalised System of Preferences (GSP) preferential tariff system expired on December 31 and is awaiting renewal by Congress. The US Congress’ delay affects all 119 designated beneficiary countries and territories – Cambodia included […]
Read MoreThailand’s economic outlook would be substantially affected by a surge in coronavirus cases, minutes of the central bank’s last policy meeting showed on Wednesday, as the Bank of Thailand (BoT) saw a need to preserve limited policy room. On Dec 23, the central bank’s Monetary Policy Committee left the one-day repurchase rate at a record […]
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