MANILA, Philippines — The head of the Asian Development Bank (ADB) urged its developing member countries to consider carefully their ability to sustain debt payments before committing to projects that fit into China’s Belt and Road Initiative in order to avoid being stuck in a debt trap. “If countries borrow too much for certain infrastructure […]
Read MoreA new law to take effect on July 1 will cap the number of migrant workers which companies and industries can hire at 20% to protect Thai labourers as the government moves to free up skill shortages in some areas while also ensuring foreigners do not force Thais out of work. The act on the management […]
Read MoreRIDE-HAILING company Grab said on Monday that it has been rolling back its discounts for customers and incentives for drivers, but maintained that users are still getting good value on its platform. Grab Singapore head Lim Kell Jay told the media that incentives and promotions have been “trending down”, but that this took place even […]
Read MorePublic consultations of the draft regulations end on May 31. Existing companies registered in Myanmar have until January 31 next year to re-register on an electronic system once the new Companies Law and related regulations come into effect on August 1. Draft regulations of the Companies Law, which was enacted last December, have been released by […]
Read MoreGRAB on Monday unveiled three new services to its ride-hailing platform, in its first such update since it announced it would acquire Uber’s South-east Asian operations in March. Notably, two of three of these services are built on Uber’s previous offerings, including uberASSIST and Uber Car Seat. GrabAssist, which will roll out in beta on […]
Read MoreThe Hanoitimes – Vietnamese exporters to the European Union (EU) will be obliged to issue self-certification of origin (C/O) from next year to be able to enjoy the Generalized System of Preferences (GSP). According to the Ministry of Industry and Trade (MoIT)’s Import and Export Department, under the EU’s policy, exporting companies will take responsibility for […]
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Thailand
