PUTTING the Singapore-Hong Kong air travel bubble on hold at the eleventh hour has no doubt caused disappointment and frustration. It was, however, a wise move that will inspire trust and confidence in the bilateral quarantine-free travel arrangement between the two Asian hubs. Less than 24 hours before the scheduled, much-anticipated launch of the travel […]
Read MoreMANILA, Philippines — The Bangko Sentral ng Pilipinas sees steady inflows from foreign direct investments (FDIs) and remittances from overseas Filipino workers as the adverse impact of the global health pandemic on the country’s external accounts reached its peak during the second quarter of the year, according to the Bangko Sentral ng Pilipinas (BSP). In […]
Read MoreAsiatic Group (Holdings) Ltd (AGHL), a Singapore Exchange listed company, has started arbitration proceedings against the Phnom Penh Special Economic Zone Plc (PPSP) seeking a minimum of $14.4 million in relief over a disputed power supply contract. A disclosure document submitted by AGHL on Thursday stated, “on June 30 2020, the Electricity Authority of Cambodia […]
Read MoreFestive items for the New Year holiday, including calendars, diaries and cards, are likely to have sluggish sales as their purchase orders are down 15-20% from the third quarter last year because of the impact of the pandemic, says the Federation of Thai Industries (FTI). The purchase orders usually occur in the third quarter of […]
Read MoreMANILA, Philippines — Companies may further reduce their capital expenditures next year despite the gradual recovery of the economy as they need to protect their balance sheets, according to top company officials. JG Summit Holdings Inc. president and CEO Lance Gokongwei said there is a need to protect the balance sheet especially as many businesses […]
Read MoreThe government has set a target to disburse at least 70% of the 400-billion-baht budget scheduled for social and economic rehabilitation in fiscal 2021. Danucha Pichayanan, secretary-general to the National Economic and Social Development Council (NESDC), said by the end of September next year (the final month of fiscal 2021) at least 70% of the […]
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Thailand
