The Kingdom’s coastal Sihanoukville, where Chinese nationals national dominated nearly a half of businesses before the COVID-19 outbreak, is seeing economic activity gradually rebound after Middle Kingdom’s investors and workers started to return to the province as pandemic fears ease. Preah Sihanouk provincial hall spokesman Kheang Phearum told Khmer Times that Since May 23 up to yesterday, […]
Read MoreThe government has again increased its planned spending on Indonesia’s battle against the COVID-19 pandemic amid plunging tax revenue and a widening state budget deficit. It is now setting aside Rp 695.2 trillion (US$49.63 billion) in funds for healthcare and economic stimulus spending to cushion the impact of the outbreak. This is the latest increase […]
Read MoreThe condo market will rebound in the next few years with buyers prioritising price performance amid the economic slowdown, says SET-listed developer Supalai. Managing director Tritecha Tangmatitham said the condo market saw a bigger impact from the coronavirus crisis than low-rise houses, as buyers were concerned about space and co-living. “The impact on condos today […]
Read MoreBusinesspeople have called on the government to take measures to control foreign capital and prevent foreign investors from acquiring local strong brands and Vietnamese enterprises in important business fields. Stark Corporation from Thailand has paid $240 million to acquire Thipha Cables, an electric wire and cable company, and Dovina, a non-ferrous metal and plastic company. […]
Read MoreSINGAPORE – Singapore has retained its top spot as the world’s most competitive economy in the latest edition of the IMD World Competitiveness Ranking. The Republic held on to the top slot for a second straight year in the annual list of 63 economies, which analyses their ability to generate prosperity. Making up the top five […]
Read MoreThe Finance Ministry’s savings bonds with an unprecedented face value of one baht each will be sold to the public from June 24 to Aug 14. The small-ticket savings bonds worth 200 million baht are part of the government’s economic rehabilitation plan to encourage low-income earners to save money in risk-free assets, said Finance Minister […]
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Thailand
