The government’s decision to allow oil and gas producers to choose production sharing contracts (PSCs) is a positive step forward for investors in the upstream industry, compared with the less favorable gas ceiling policy, according to energy consultancy Wood Mackenzie. The Energy and Mineral Resources Ministry ruled on July 15 that all producers may choose […]
Read MorePETALING JAYA: Budget 2021, which will be tabled in November, will be expansionary though narrower than Budget 2020, with economists projecting a budget deficit of 4% to 6% next year. The government, they said, would need to revitalise the economy with appropriate measures due to the uncertainties arising from the Covid-19 and the weak global […]
Read MoreLocal banks have continued slashing deposit rates to as low as 2.5% per annum, in tandem with the Government’s principle of lowering lending rates to support borrowers. Techcombank has reduced deposit rates in dong by 0.1 to 0.4 percentage points compared with earlier this month, with those for the one-month term ranging from 2.55% to […]
Read MoreMore than 150,000 foreign nationals need to have their tourist visas renewed by Sept 26 or face a charge of overstaying, warned Pol Col Pakpong Sai-ubol, deputy spokesman of the Immigration Bureau. “Overstaying the tourist visa is punishable by both a jail term and fine under the Immigration Act,” he said, adding offenders would also […]
Read MoreThe special tourist visa (STV) scheme is starting to gain momentum as overseas offices under the Tourism Authority of Thailand (TAT) report high interest from tour agents. After the cabinet approved the STV scheme last week, all TAT offices in Europe received a number of calls and emails asking for more details about the visa […]
Read MoreThe Ministry of Planning and Investment (MPI) has been asked to meet the goal of 6-6.5% GDP growth in 2021. The goal was set during the regular government meeting in August about the socio-economic situation in 2020 and development plan for 2021. The MPI will gather all opinions from related agencies to compile a report […]
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