Thailand can expect another wave of business closures in the second half of 2020 as the economic consequences of the pandemic, lockdown and withdrawal of tourists reverberate nationwide, says the Employers’ Confederation of Thai Trade and Industry (EconThai). The group bases its prediction on weak individual purchasing power, a global economic slowdown dealing a blow […]
Read MorePUTRAJAYA, June 25 — The increase in chicken prices following the implementation of the Festive Season Maximum Price Control Scheme was due to limited supply after demand declined during the movement control order (MCO). Domestic Trade and Consumer Affairs Minister Datuk Alexander Nanta Linggi said the demand for chicken plunged when business premises, restaurants, hotels, […]
Read MoreThe triannual “Publish What You Fund” international aid transparency index was released on Wednesday, ranking several prominent Cambodian development donors and stating that overall transparency is improving. Launched in 2008, the independently researched index measures how transparent and available development aid data is using 35 indicators. These indicators are then grouped into five components: finance […]
Read MoreMANILA, Philippines — The Bangko Sentral ng Pilipinas (BSP) delivered yesterday another surprising and deep 50-basis-point cut in key interest rates to boost market confidence and further mitigate the downside risks to growth. BSP Governor Benjamin Diokno said in a virtual press briefing that the Monetary Board’s decision to cut the key interest rates brought […]
Read MoreProperty owners will no longer be required to report the presence of foreign tenants in their properties as often as they do now, starting from Tuesday. Section 38 of the Immigration Act requires that property or hotel owners who take in foreigners as guests notify officials within 24 hours. The Immigration Bureau has changed the […]
Read MoreThailand may have to allow new infections to occur in the kingdom if it wants the economy to get back on track, a health official said on Thursday. Supakit Sirilak, deputy permanent secretary for public health, said the kingdom has gone 31 days without recording new local transmissions. He said the country may have to […]
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