Many Japanese groups are investing in Vietnamese enterprises instead of setting up their production and business facilities in Vietnam. ENEOS Corporation has spent VND650 billion to acquire 13 million shares of Petrolimex (PLX), the largest petroleum distributor in Vietnam with 60 percent of market share, at the price of VND50,000 per share. The transaction was […]
Read MoreBank Indonesia (BI) will maintain its accommodative monetary policy to help the economy recover from a projected annual economic contraction this year, the country’s first such contraction since the 1998 Asian financial crisis, a central banker said on Wednesday. BI deputy governor Dody Budi Waluyo said the country’s economic recovery had been limited to certain […]
Read MoreThe Management Association of the Philippines (MAP) on Tuesday expressed hope the European Union (EU) will not remove the country’s zero-tariff export status. “We fervently hope that the removal of the GSP (generalized system of preferences plus) by the EU countries will not push through. It will make our products less competitive and will seriously […]
Read MoreThe Tourism Council of Thailand (TCT) supports the idea of allocating travel incentives for expatriates, while the Thai Chamber of Commerce wants to stimulate the local market with new medical and wellness tourism. Chairat Trirattanajarasporn, president of the TCT, disagreed with the Immigration Bureau’s decision to end visa amnesty for tourists stranded in Thailand by […]
Read MoreLocal experts have raised concern over the soaring number of businesses going bankrupt due to impacts of the Covid-19 epidemic, which may lead to tremendous damages for the macro economy, said Vietnamplus website, citing a report. According to a survey of Vietnam Report, up to 60% of enterprises saw their revenue in the first half […]
Read MoreWhile foreign investors will see easier access to many sectors, they will be prohibited from some sensitive sectors. The Ministry of Planning and Investment’s Department of Legislation has just proposed the list of the 11 sectors that foreign investors are not allowed to join to the minister for approval. Once the proposal is approved, the draft […]
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Thailand
