A request from the local automotive industry for duties on cars assembled in the country to be reduced has been presented to Yangon Region’s chief minister, the Ministry of Planning, Finance and Industry says. The duties imposed on components for semi-knocked down (SKD) and completely knocked down (CKD) vehicles assembled in Myanmar is the same […]
Read MoreAFP – Malaysia and Thailand have barred a cruise ship carrying about 2,000 people, including dozens of Italians, from docking because of fears about COVID-19, according to officials. The Costa Fortuna was first turned away from the popular Thai holiday island of Phuket on Friday, despite there being no suspected virus cases aboard, according to its operator. Thai […]
Read MoreSINGAPORE/HONG KONG: British retailer Tesco was set to assess bids by Thai billionaires for its Asian business on Sunday, a potential deal which could be worth just over US$10 billion, four banking sources with knowledge of the matter said. A final decision by Tesco could mark the end of a three-way tussle for control of […]
Read MoreThe government is putting together a second stimulus package to counter the negative impacts of the COVID-19 outbreak. “We are considering all options,” said Finance Minister Sri Mulyani Indrawati in Jakarta on Thursday, adding that her side was also mulling the acceleration of tax return payments. The government previously announced a stimulus package worth Rp 10.3 trillion (US$725 […]
Read MoreThe SET Index is expected to react this week to the government’s new stimulus package and the latest developments in the new coronavirus (Covid-19) situation. The Stock Exchange of Thailand Index is expected to move to the support level of 1,355 to 1,335 lower bound while resistance level is expected to be between 1,380 to […]
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