Thailand has started using a new overnight repurchase rate (THOR) after a transaction between Kasikornbank and CIMB Thai Bank, the central bank said on Tuesday. The overnight indexed swap, conducted on Monday, marked a positive start for creating liquidity for market participants in using the THOR reference rate, Assistant Governor Vachira Arromdee said in a […]
Read MoreDomestic beer consumption in the second half of the year is expected to improve over the first six months, while next year the beer industry can… Despite progress, beer consumption volume is unlikely to reach the figures recorded before the Covid-19 pandemic, according to SSI Research. “We believe that beer consumption volume may take several years to […]
Read More7-Eleven has signed a master franchise agreement with CP ALL Laos, a subsidiary of Thailand’s CP ALL Public Company, to operate 7-Eleven stores within Laos. The first 7-Eleven convenience store is expected to open in Vientiane Capital in 2022. CP ALL has held the licensing agreement for the 7-Eleven brand in its home country of Thailand […]
Read MorePLASTIC recycling stakeholders in South-east Asia face the danger of bankruptcy or permanent closure if immediate action is not taken to mitigate the impact of the Covid-19 pandemic and oil prices on the recyling value chain, a study has suggested. A white paper released on Monday by GA Circular and Circulate Capital said the plastics recycling […]
Read MoreAuthorities are planning to sharpen the skills of 8,500 potential workers next year to serve 12 targeted S-curve industries in the Eastern Economic Corridor (EEC) that are short on highly skilled labour in advanced technology. Thailand is struggling with a labour shortage as it adapts to digital disruptions, with the country unable to supply workers […]
Read MoreMore positive news has come for Cambodia’s nascent and struggling oil and gas exploration endeavours. PetroVietnam Drilling & Well Service Corp (PV Drilling)’s rig PV Drilling III will implement its contract to drill five new wells for Kris Energy in the Kingdom’s waters for three months, starting in October, vietnamplus.vn reports. Cambodia’s oil and gas […]
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