After lagging other Asian currencies for most of the year, Thailand’s baht has staged a sharp rebound to outperform its peers. The baht has rallied almost 1.5% in May after dropping over 7% in the first four months of 2020. The catalyst? Traders are betting Thailand’s tourism-dependent economy will recover swiftly from the virus-induced slump […]
Read MoreThe Hanoitimes – AEONMall is pushing forward for the construction of the third shopping mall in Hanoi. Vietnam in general and Hanoi in particular is a priority for investment for AEONMall, stressed Tetsuyuki Nakagawa, director general of AEONMall Vietnam, in a meeting with Secretary of the Hanoi Party Committee Vuong Dinh Hue, also attended by Deputy […]
Read MoreThe World Bank will support Myanmar under a new country partnership framework from 2020 to 2023, it said on May 18. The framework will focus on three areas – building human capital and fostering peaceful communities, stimulating responsible private sector-led growth and inclusive economic opportunities, and enhancing the resilience of Myanmar to cope with natural […]
Read MoreMANILA, Philippines — Repairing the pandemic’s damage on the government’s hard-earned strong balance sheet will go beyond the Duterte administration, a consequence of the health crisis and a necessary shift in priorities from achieving historic fiscal ambitions to saving lives and addressing people’s needs. “Revenues will normalize in about 4 to 5 years as what […]
Read MoreThe cabinet on Tuesday decided that ailing Thai Airways International Plc (THAI) must go through rehabilitation via the bankruptcy courts in a “difficult but necessary” decision that ushers in complex, make-or-break steps for the national carrier, according to Prime Minister Prayut Chan-o-cha. Gen Prayut insisted the cabinet had opted out of throwing a financial lifeline […]
Read MoreA group of mall operators has called on the government for remedy, citing losses of almost 15 billion baht worth of sales revenue during forced closure between March 22 to May 17. According to a source from the Thai Shopping Centers Association (TSCA) who requested anonymity, the association recently filed a letter with the government […]
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