KUALA LUMPUR: The recovery in the Malaysian manufacturing sector continued in July and firms expect market demand to strengthen over the coming year, supporting overall confidence in the 12-month outlook for production. In a note, IHS Markit said that after rising at a joint record pace in June, output continued to expand in the latest […]
Read MoreA revised free-trade pact between Japan and the Association of Southeast Asian Nations (Asean) facilitating the cross-border flow of services and investment came into force on Saturday. The deal took effect for Japan and five Asean members – Laos, Myanmar, Singapore, Thailand and Vietnam. The five remaining members – Cambodia, Indonesia, Malaysia, Brunei and the […]
Read MoreThe Tourism and Sports Ministry is encouraging hotels in Thailand to offer fair packages to expatriates, avoiding price discrimination as the country aims to attract 2 million foreign residents to travel more domestically. Phiphat Ratchakitprakarn, the tourism and sports minister, said the ministry urged expatriate associations to travel domestically instead of going abroad, as they […]
Read MorePublic-private investment projects play a significant role in developing infrastructure and have the potential to accelerate large-scale construction works across the country. Managing partner of Indochine Counsel Duc Dang and Steven Jacon, foreign consultant of Indochine Counsel go into the ins and outs of the laws governing the the bidding and funding of such projects. […]
Read MoreSINGAPORE: The Monetary Authority of Singapore (MAS) said it plans to revise rules governing foreign banks with a substantial local presence that may allow them to open digital-only banking subsidiaries. Under the enhanced framework, the MAS will consider granting an additional full banking license to foreign lenders which substantially exceed its Significantly Rooted Foreign Bank […]
Read MoreThe Joint Standing Committee on Commerce, Industry and Banking (JSCCIB) has expressed fresh concern over the delay in disbursement of the 400-billion-baht stimulus package as the government has yet to announce new economic ministers to fill the political vacuum. The political conflict, which earlier caused key ministers overseeing the national economy to resign, is among […]
Read More
Thailand
