Parliament has approved an emergency decree to amend the Civil and Commercial Code to reduce the interest rate charged for loan defaults which has been used for almost a century. Finance Minister Arkhom Termpittayapaisith said the law would be amended during the prolonged Covid-19 pandemic to help debtors who are having to pay interest as […]
Read MorePresident Rodrigo Duterte has decided to lower the most favored nation (MFN) tariff on rice imports to 35%, opening up opportunities for Vietnam, one of the major exporters of rice to the Philippines, to stabilize its rice supply for this country. According to Vietnam’s Ministry of Industry and Trade (MoIT), this move will help the […]
Read MoreMANILA, Philippines — London-based Capital Economics further slashed its gross domestic product (GDP) growth forecast for the Philippines this year following a disappointing performance in the first quarter. In its latest chart book, the think tank said it now expects the Philippines to grow by six percent in 2021, which means the country might reach […]
Read MoreTHE government is increasing wage support for employers in sectors that have been “significantly affected” by tightened Covid-19 measures. Businesses in sectors where the tightened measures require them to suspend many, if not all, of their operations will get wage support of 50 per cent under the Jobs Support Scheme (JSS) from May 16 to June 13 […]
Read MoreSieng Neak, Deputy Director General of Tourism Development and International Cooperation, on behalf of Thong Rathsak, Director General of Tourism Development and International Cooperation led a meeting of professional officials of the Ministry of Tourism to attend the Mekong Tourism Working Group Meeting. The 47th Meeting of the Board of Directors of the Mekong Tourism […]
Read MoreMANILA, Philippines — Price hikes in goods and services will continue to hover above four percent for the most part of the year, and will only start easing toward the tailend of 2021, a joint research study showed. In the latest Market Call report by First Metro Investment Corp.(FMIC) and University of Asia and the […]
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Thailand
