The government is being advised to waive the daily minimum wage requirement for six months to help entrepreneurs maintain employment during the pandemic. Thanit Sorat, vice-chairman of the National Labour Development Advisory Council, said the council estimated that the country’s total unemployed could reach 9-10 million by the end of this month after the government […]
Read MoreThe Hanoitimes – The German businesses saw the Vietnamese government has taken decisive and forceful action against the impact of the coronavirus crisis and expect these measures to be taken as fast as possible. Only 14% of German companies plan to increase investment in Vietnam in the next 12 months, while the rate exceeded 50% in […]
Read MoreMANILA, Philippines — The Bangko Sentral ng Pilipinas (BSP) has temporarily lowered the minimum liquidity ratio (MLR) for stand-alone mid-sized and small banks, freeing P10 billion into the financial system and boosting economic activity amid the coronavirus disease 2019 or COVID-19 pandemic. BSP Governor Benjamin Diokno said the Monetary Board approved the lowering of the […]
Read MoreKasikornbank (KBank) and Siam Commercial Bank (SCB) cut their prime lending rates by 40 basis points on Thursday after the Bank of Thailand lowered the required contribution made by banks to the Financial Institutions Development Fund (FIDF). The banks’ new prime lending rates will take effect on Friday. KBank’s minimum lending rate (MLR) will be […]
Read MoreThe Tourism and Sports Ministry has released first-quarter tourism revenue figures, reporting a decrease of nearly 40% to 335 billion baht, or 222 billion baht shy of the year-earlier level. The impact of the pandemic hammered the tourism industry in the first three months of 2020, with all source markets facing the same setbacks to […]
Read MoreThe Joint Standing Committee on Commerce, Industry and Banking (JSCCIB) predicts that 7 million workers will be out of a job by June because of shutdowns from the pandemic. The committee said most of the layoffs will affect low-paid workers, with 6 million out of the 7 million workers losing their jobs earning less than […]
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Thailand
