Best Inc, a Chinese logistics firm backed by e-commerce titan Alibaba, plans to invest 300 million baht in the second half to boost its express delivery service, Best Express, in Thailand. The company wants to tap the booming logistics industry, buoyed by online shopping, in the wake of the pandemic. The amount is part of […]
Read MoreNO one could have predicted that Covid-19 would raise a perfect storm, hitting the world economy hard in 2020. By our estimates, 90% of the world’s economies will expect to see a contraction this year. This severe downturn means countless people across the world, including in Malaysia, will suffer illnesses, lose jobs and livelihoods. The […]
Read MoreMANILA, Philippines — The Philippines and the World Bank have signed a loan agreement of $370 million or approximately P18.3 billion to fast-track the distribution of land to agrarian reform beneficiaries, according to the Department of Finance (DOF). In a statement, the DOF said Finance Secretary Carlos Dominguez and Achim Fock, the World Bank’s acting […]
Read MoreThailand’s rice exports are likely to plunge to 6.5 million tonnes this year, the lowest in a decade, from an earlier projection of 7.5 million tonnes because of a spate of negative factors, says the Thai Rice Exporters Association. Chookiat Ophaswongse, the association’s honorary president, said after a discussion with Commerce Ministry officials including Commerce […]
Read MoreConsumer interest in low-cost housing dominated the property market demand in the first half of the year, while sales started to pick up amid the impact of the pandemic on the sector, online property marketplace 99 Group data show. According to Singapore-based property marketplace start-up 99 Group, which owns 99.co and rumah123.com, low-cost residential property, priced below Rp […]
Read MoreTHE Monetary Authority of Singapore (MAS) is proposing new laws that will give it more teeth to regulate financial services in the Republic amid emerging risks, such as those brought on by the wider provision of digital services. The additional powers proposed will allow the central bank to impose on financial institutions certain requirements to […]
Read More
Thailand
