The banking sector continued to endure transactional crashes in the second quarter, albeit at a lower rate, as transaction volume surged. A total of 25 transactional crashes occurred from April to June in all transaction channels, compared with 38 in the previous quarter, according to Bank of Thailand data. The transaction failures were mostly in […]
Read MoreSINGAPORE retailers saw till takings slide again in June, after the end of a two-month “circuit breaker” in April and May, despite looser coronavirus restrictions part-way through the month. The transition to Phase Two of a three-stage reopening on June 19 could not stave off a 27.8 per cent year-on-year drop in retail sales, the […]
Read MoreThe Tourism and Sports Ministry plans to propose to the prime minister the idea of ditching dual pricing at local attractions for expatriates in Thailand, as well as asking tour operators to tailor packages to this target group. The packages should be attractive enough to lure expatriates, a group that could contribute 1 billion baht […]
Read MoreResolution 116/2020/QH14 granting a reduction of 30 per cent on corporate income tax (CIT) for eligible enterprises officially came into effect on Monday. The policy is a major effort to help companies overcome the negative impacts of the COVID-19 pandemic on business operations. Under the resolution, all enterprises, co-operatives, agencies and organisations established under Vietnamese […]
Read MoreMyanmar’s Union Parliament on Wednesday approved a US$483.8 million (660 billion kyats) loan from the Asian Development Bank (ABD) for an expressway that is a part of the international East West Economic Corridor (EWEC). The project hopes to link Vietnam’s port of Da Nang and Thilawa port in Yangon, passing through Laos, Cambodia and Thailand. […]
Read MoreThailand’s economy is likely to contract by as much as 11.4% this year, its worst showing, attributed largely to the pandemic impact, volatile foreign exchange, widespread drought and the continued US-China trade spat. Thanavath Phonvichai, president of the University of the Thai Chamber of Commerce, said the forecast was based on the country being closed […]
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