The World Bank has slashed Thailand’s GDP outlook for 2020 to a 5% contraction, a drastic cut from 2.7% growth projected previously, as supply chain disruptions and lockdown measures from the coronavirus crisis have triggered an economic downturn. “Factory closures and the disruption of the production of intermediate inputs have had a negative impact on […]
Read MoreCambodia will not show concern over the impact of the ratification of the European Union (EU)-Vietnam Free-Trade Agreement (EVFTA) which is expected to enter into force on Aug 1, according to senior government officials. The officials said that the Cambodian government has been issuing many sharp measures to boost the country’s competitiveness and to support […]
Read MoreAsean, including Myanmar, will work together to restore economic growth in the region by enhancing regional trade and economic cooperation. This will include efforts to address trade barriers, promote trade and investment, and expand fields of cooperation, according to a statement released by the trade bloc to mitigate the economic impact of COVID-19, issued last […]
Read MoreThe Hanoitimes – The merger will make the race in the e-commerce market more exciting. A source from the Department of E-Commerce and Digital Economy under the Ministry of Industry and Trade has confirmed that Tiki and Sendo had notified their intended merger to the department, VnExpress reported.. Last month, DealStreetAsia reported that major shareholders including Tiki’s JD.com and Sendo’s […]
Read MoreInvestors have dumped shares of processed food giant PT Indofood CBP Sukses Makmur following the company’s decision to acquire instant noodle manufacturer Pinehill Company. The move is viewed as detrimental to Indofood’s financial condition despite the potential boost to its global market outreach, analysts have said. Indofood CBP’s shares, trading under ICBP on the Indonesia […]
Read MoreThe cabinet has approved a draft bill requiring foreign digital service providers to pay a value-added tax (VAT), making Thailand the latest country in Southeast Asia to seek to boost tax revenue from international technology companies. Last month, Indonesia passed a law requiring big internet companies to pay VAT on sales of digital products and […]
Read More
Thailand
