The Ministry of Commerce (MOC) will now allow foreign and joint venture companies to export specific food and commodity items, according to Notification 24/2019 released on June 6. Foreign companies with recommendations from relevant ministries can buy the commodities from local producers will be issued licenses to export the goods. The aim is to raise […]
Read MoreAutomotive output in May dropped by 6.11% year-on-year to 181,338 units on an export slowdown, the Federation of Thai Industries (FTI) said on Thursday. The output represented a 20.7% increase from April. Surapong Paisitpatanapong, spokesman of the FTI’s automotive industry club, said the production of passenger cars and pickup trucks for exports fell last month. […]
Read MoreThe Energy Fund Administration Institute (EFAI) is considering terminating price subsidies for gasohol and biodiesel within three years because the existing structure interferes with the stability of local fuel prices. The EFAI plans to hire the Petroleum Institute of Thailand to study the feasibility of the measure. EFAI director Viraphol Jirapraditkul said four types of gasohol […]
Read MoreSingapore ride-hailing giant Grab held talks to acquire payments provider 2C2P Pte and was turned down, according to people familiar with the matter, a sign of the ambitions Southeast Asia’s most valuable startup has in financial services. Grab was one of multiple possible bidders interested in 2C2P with preliminary offers ranging up to about $200 […]
Read MoreMANILA, Philippines — The national government spent more on debt payments in the first quarter of the year as both interest and principal payments increased, the Bureau of the Treasury (BTr) reported. Data from the BTr showed the national government’s debt payments reached P220.18 billion in the first three months of the year, 11.09 percent […]
Read MoreIn partnership with a Japanese firm, Bayon Heritage Holding Group plans to ship 600 tonnes of organic fertilizer to different Asian markets. For in depth analysis of Cambodian Business, visit Capital Cambodia Bayon Heritage will become the first local company to export the product, the company chairman and CEO, Sokheang Chan, told Khmer Times. Shipments will be […]
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