KUALA LUMPUR, Aug 26 — Economists pinned the country’s worst-ever second quarter GDP contraction on Putrajaya’s imposition of movement control ahead of regional rivals and said Malaysia still performed reasonably well when this was considered. Economic growth from April to June contracted 17.1 per cent, Bank Negara Malaysia announced last week, as domestic spending and […]
Read MoreMANILA, Philippines — Shakey’s Pizza Asia Ventures Inc., the listed restaurant chain operator, is bringing Singapore’s R&B milk tea brand to the Philippines, marking its foray into the popular segment. Shakey’s entered into a master franchise agreement with Singapore-based Koufu Group Ltd. as it hopes to take advantage of the growing milk tea and bubble […]
Read MoreThe cabinet yesterday approved additional stimulus measures to spur domestic tourism and help offset losses from the absence of foreign tourists during the coronavirus crisis. With the new measures, the 40% hotel subsidy to a maximum of 3,000 baht a night — currently capped at five nights under the We Travel Together scheme — will […]
Read MoreMajority of foreign enterprises eye the manufacturing sector for investments in the current financial year 2019-2020, pulling in US$875 million from 169 projects, the Directorate of Investment and Company Administration (DICA) stated. Of 219 foreign enterprises permitted and endorsed by Myanmar Investment Commission and the respective investment committees between 1 October and 31 July of […]
Read MoreThailand has announced plans to reopen Phuket to tourists willing to stay for 30 days, with the first 14 days spent in quarantine. Governor of the Tourism Authority of Thailand, Yuthasak Supasorn, stated in an interview with Reuters that tourists will have to stay for at least 30 days, with the first 14 days in quarantine in […]
Read MoreThe Ministry of Finance has proposed amendments to the decree about casino businesses to create favourable conditions for investors. The Ministry of Finance has proposed amendments to the decree about casino businesses to create favourable conditions for investors. The regulation for the eligibility to run casino business, including minimum capital of US$2 billion for a casino […]
Read More
Thailand
