MANILA, Philippines — Remittances to low and middle-income countries are expected to fall by 19.7 percent this year as migrant workers worldwide suffer layoffs and reduction in wages, the World Bank said yesterday. In a report titled “COVID-19 Crisis Through a Migration Lens,” the multilateral bank said remittance inflows to low and middle-income countries are […]
Read MoreThe Hanoitimes – Vietnam would continue to pursue a flexible monetary policy and affirms it has no intention of seeking unfair trade gains. The State Bank of Vietnam (SBV), the country’s central bank, would continue to work with other government agencies to address concern of the US Department of Treasury after the department kept Vietnam in […]
Read MoreRetailers look set to tap the government’s 1,000-baht cash giveaway and 15% cash rebate scheme, though they argue that such measures will provide only a short-term increase in purchasing power. Retail operators from all formats, including Central Group’s Robinson Department Store, Tops Market and Tops Daily; Big C; Tesco Lotus; Makro; CentralWorld; and various other […]
Read MoreThe government has downplayed the effects tariffs imposed by the European Union will have on the rice industry, arguing that it had been preparing for this scenario through a strategy to make the trade industry less dependent on the European bloc. Last week, the European Commission officially imposed tariffs on rice imports from Cambodia and […]
Read MoreThe Ministry of Industry (MOI) will build and assemble vehicles for special purposes such as mobile marts to help businesses reach the rural population in hard to access locations. “We have plans to produce and assemble three such vehicles,” said U Htun Myint, deputy permanent secretary at the MOI. The so-called mobile marts will bring […]
Read MoreHANOI — Small and medium-sized enterprises (SMEs) must improve their transparency to enable them to access banking credits, experts said at a conference on Thursday. The conference was jointly held by the Vietnam Chamber of Commerce and Industry and the State Bank of Vietnam to discuss credit boosts for SMEs facing long-standing difficulties in accessing […]
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Thailand
