The ongoing outbreak is ruining any hopes for high-season tourism, with operators urging the government to subsidise 50% of monthly salaries to help employees in the industry. “The latest surge halted tourism demand during the high season in Chiang Mai, following good numbers in November,” said La-Iad Bungsrithong, president of the Thai Hotels Association’s northern […]
Read MoreAGRICULTURAL prices have led a remarkable rally in commodity prices since the third quarter of 2020. Food inflation could lift rural incomes and employment, while triggering Asean governments to increase production and implement more food subsidies, said a Maybank Kim Eng (Maybank KE) report on Friday. The increases are visible in key commodities for Asean […]
Read MoreCambodia’s exports to the US was valued $6,059 million worth of goods in the first eleven months of 2020, inching up 17 percent compared to that in a year before, reflecting strong export amid the world face hard time of COVID-19 pandemic. Figures from the US government shows that the bilateral trade between Cambodia and […]
Read MoreMANILA, Philippines — Banks are hoping for a double-digit credit expansion starting this year, signaling optimism lending will start to pick up after last year’s default fears triggered reluctance to lend, the Bangko Sentral ng Pilipinas (BSP) said. A new BSP survey of bank executives for the second half of 2020 showed majority of lenders projecting their […]
Read MoreThe central banks of Thailand and China have renewed a baht-yuan bilateral currency swap arrangement for five years to support trade and investment in the local currencies, the Bank of Thailand said on Friday. The Bilateral Swap Arrangement allows for the exchange of local currencies up to 70 billion yuan ($10.83 billion) or 370 billion […]
Read MoreMANILA, Philippines — Trade’s V-shaped rebound was disrupted in November, a sign of a sputtering recovery exacerbated by the lack of an expected nudge during the Christmas season. Merchandise trade shrank 10.6% year-on-year to $13.31 billion in November, easing from 11.9% annual contraction in October, but on a month-on-month basis, shipments sagged 7% from October. […]
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Thailand
