The Centre for Covid-19 Situation Administration (CCSA) has allowed Se Kaeo’s communicable diseases committee to re-open the Aranyaprathet checkpoint to transport goods between Thailand and Cambodia. Starting on Wednesday, 50 vehicles will be allowed to cross the border between 8am and 1pm each day. Each vehicle can only carry two passengers, who must be screened […]
Read MoreSINGAPORE entered both full-blown and technical recession in the second quarter, according to advance estimates showing a 12.6 per cent year-on-year contraction in gross domestic product (GDP), and a 41.2 per cent quarter-on-quarter contraction. The year-on-year figure was worse than economists’ expectations of a 10.5 per cent fall, and much worse than the first quarter’s 0.3 per […]
Read MoreHundreds of thousands of migrant workers are returning home due to the COVID-19 pandemic, which caused factories to suspend their operations. This can worsen the unemployment rate in the country where there is strangely no official unemployment rate. The government of Myanmar is trying to find a way to create jobs for returning migrant workers. […]
Read MoreSINGAPORE — Singapore plunged into recession in the second quarter as growth fell 41.2 percent quarter-on-quarter with the trade-dependent economy hammered by the coronavirus, preliminary data showed Tuesday. Year-on-year, the economy shrank 12.6 percent between April and June, according to the data from the trade ministry, as strict curbs were imposed to fight the virus. […]
Read MoreThe Hanoitimes – Under the revised regulation, local oil and petrol traders are now allowed to transfer their stakes to foreign investors but foreign ownership should not exceed 35%. Vietnam’s Ministry of Industry and Trade (MoIT) has proposed the government to allow foreign investors to join the local petroleum retail market, local media reported. The move […]
Read MoreBangkok Bank (BBL) is conducting a feasibility study on applying the retail business model of its Indonesian subsidiary PT Bank Permata to the bank’s international network. The strong digital banking platform of Permata could open more opportunities in retail banking business for BBL in the regional market, said BBL’s executive vice-president Suwatchai Songwanich. BBL, Thailand’s […]
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