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Thailand: Trade Competition Commission sets up protection for restaurants

The Trade Competition Commission (OTC) is setting guidelines for online food delivery services to prevent unfair trade practices and keep online food delivery platforms from taking advantage of restaurants. Santichai Santawanpas, the commissioner of the Office of Trade Competition Commission (OTCC) and the office’s spokesman, said the commissioners have already finished the draft guidelines to […]

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Philippines: OFW remittances may drop by $5 billion this year

MANILA, Philippines — Remittances from overseas Filipino workers (OFWs) may drop by $5 billion this year as emerging markets, including the Philippines, face numerous challenges brought about by the coronavirus pandemic, according to Metropolitan Bank & Trust Co. (Metrobank). Pauline Revillas, research analyst at Metrobank, said the weak global demand, lower foreign direct investments (FDIs) […]

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Indonesia: Ministry considers localized travel bubble to accelerate tourist industry recovery

Tourism and Creative Economy Ministry is mulling over the possibility of establishing travel bubbles with neighboring countries in a more local scope to accelerate the rebound of  the pandemic-hit tourist industry, the ministry’s official has said. The ministry’s undersecretary for infrastructure and destination development, Hari Santosa Sungkari, said on Aug. 7 that the government’s plan to […]

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Reform urgently needed for Vietnam to make use of EVFTA

Vietnam needs to reform its trade mechanisms while local businesses are advised to be more proactive to take advantage of the European Union – Vietnam Free Trade Agreement (EVFTA). According to the Ministry of Planning and Investment before the COVID-19 outbreak, the EVFTA will boost Vietnam’s economy 2.18 to 3.25% in the first five years […]

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