MANILA: Philippine President Rodrigo Duterte has not lifted a ban on open pit mining, his spokesman said on Monday, amid plans by a government panel to seek the removal of the policy. “I assure you that this is one of the instances when I personally asked the President if there’s been a change in policy. […]
Read MoreThailand’s economic growth is expected to expand by 3.7-4% during the three months to September mainly because of stronger growth in exports and tourism, say economists. Charl Kengchon, managing director of Kasikorn Research Center (K-Research), forecast the economy grew 3.8% year-on-year during the third quarter, up from 3.7% in the second quarter. “The stronger growth […]
Read MoreThai small and medium-sized enterprises (SMEs) are being urged to brace themselves for disruptive technology and integrate technology in their business models to keep them ahead of the curve after latest findings suggest they are losing competitiveness. According to Bank of Thailand governor Veerathai Santiprabhob, disruptive technology is presenting a strong challenge to SMEs. Compared […]
Read MoreLocal petrol prices have spiked between K35 and K40 per liter in the past two months, boosted by a rise in global crude oil prices. On November 15, local petrol prices reached a high of K815 per liter of 95Ron and K775 per liter of 92Ron. Meanwhile, prices hit K785 per liter of 10ppm diesel […]
Read MoreMANILA, Philippines — Retailers reported higher earnings in the nine months to September. In separate disclosures, SSI Group, the country’s largest specialty store retailer, said net income rose 12 percent to P342 million while core recurring income, which excludes one-time write-offs related to the group’s store rationalization program, increased 13 percent to P444 million. SSI […]
Read MoreNoriaki Goto, Krungsri President and CEO; Makoto Kobayashi, BTMU Managing Executive Officer and head of Financial Solutions Group; and Duangjai Asawachintachit, Secretary General of the Board of Investment recently signed a memorandum of understanding (MOU) in support of cross-border trades by Thai operators wishing to invest abroad as well as Japanese operators wishing to invest […]
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