The Thai Chamber of Commerce (TCC) is advising the government against setting up a national shipping firm in a bid to boost Thailand’s competitiveness. Phumin Harinsut, TCC’s vice-chairman, said Thailand had established a shipping company in the World War II era which was eventually closed in 2011. “This company had to hire foreign shippers to […]
Read MoreThe Federation of Thai Capital Market Organizations (Fetco) has suggested the government consider raising the public debt ceiling from 60% of GDP because the country requires more economic relief funds amid a worsening pandemic and the possibility of a delayed reopening. Paiboon Nalinthrangkurn, chairman of Fetco, said Thailand’s public debt is likely to surpass the […]
Read MoreLocal telecommunications network providers have been approved to pilot several Mobile Money services next month after more than two years of waiting. These services will allow the use of mobile phone credit to pay for small-value goods and services. Tran Duy Hai, Deputy Head of the MIC’s Telecoms Department told Đầu tư (Vietnam Investment Review) that during those two […]
Read MoreMANILA, Philippines — The government more than doubled its infrastructure spending in May to nearly P79 billion as construction activities resumed with the lifting of lockdown measures in Luzon, particularly in Metro Manila. Based on latest data from the Department of Budget and Management (DBM), the government increased its infrastructure expenditure in May to P78.9 […]
Read MoreCambodian rice exporters are likely to benefit as the market share of top exporters India, Thailand, Viet Nam, Pakistan and the United States declines over the next 10 years. The projection appears in the annual agricultural outlook by the Organisation for Economic Cooperation and Development (OECD) — a club of rich countries — and the […]
Read MoreDespite tourism operators and tourism-related agencies giving their blood, sweat and tears to ensure that the Phuket sandbox scheme marked the country’s reopening on July 1, their work is not yet complete. Instead, it just marks the beginning of a long road towards recovery. As of Tuesday, the island had already welcomed 1,896 international travellers […]
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