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Thailand: Crisis shutters 404 factories

Up to 16,680 factory workers lost their jobs in Thailand in the first six months of the year, with 404 factories closing down, as the pandemic continues to hamper the economy, according to the Department of Industrial Works (DIW). The country has lost an estimated 25.4 billion baht in investment value from the closures. Most […]

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Cambodia: Quarantine being reviewed for investors and experts

The government will adjust quarantine measures and prepare special arrangements for potential investors, technical experts and consultants who come to the Kingdom, said senior officers of the State Secretariat of Civil Aviation (SSCA). SSCA’s spokesman Sin Chansereyvutha said yesterday the government on Monday reviewed health and safety measures for potential investors. He said the government […]

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Thailand: Central bank allays NPL concerns

The banking industry’s bad loans are seen climbing higher for the remaining period of the year, but the central bank is giving assurances that commercial banks’ capital buffer is strong enough to tolerate rising non-performing loans (NPLs) if the economy shrinks 8.1% this year. “Despite signs of rising NPLs from March, it will not affect […]

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