Indonesia’s economy is expected to grow by only 2.5 percent this year, from a four-year low of 5.02 percent in 2019, according to a new Asian Development Bank (ADB) report. The situation, caused largely by the COVID-19 outbreak, is expected to gradually improve in 2021. ADB’s flagship annual economic publication titled “Asian Development Outlook 2020” […]
Read MoreSET-listed Srithai Superware Plc, a leading melamine maker, is ramping up investment this year in Vietnam, which has relatively high growth opportunities, while shelving its investment in Thailand, Indonesia and India. Sanan Angubolkul, chairman and president, said the company will splash out 450 million baht this year to expand its business in Vietnam. Of the […]
Read MoreThe Cambodia Manufacturers Association (GMAC) has reiterated an appeal to all buyers who source their goods from its members to work with the body to overcome the critical situation caused by the global COVID-19 outbreak, in an open letter issued late last week. The letter urged all buyers to fulfill their purchase contracts by taking […]
Read MoreThe Energy Regulatory Committee has ordered three state electricity authorities to cut electricity bills by three per cent for all types of consumers for the next three months. The reduction will be valid from this month until June, said ERC secretary-general Khomgrich Tantravanich today (April 2). The move is in response to the government’s policy […]
Read MoreThe Ministry of Commerce is temporarily suspending the issuance of rice export permits, says a senior official with the Department of Trade. “We are just restricting the issuance of new export licences as a temporary measure until we can change to a better system. But after the new arrangements are in place, the licences will […]
Read MoreThe Lao government is to reduce and defer the payment of tax, customs, and other administrative fees during the coronavirus outbreak. Deputy Prime Minister Dr. Sonexay Siphandone stated on Thursday that the government was taking such measures to mitigate economic effects due to the virus outbreak. The vehicle road tax payment deadline will be extended […]
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Thailand
