The Eastern Economic Corridor (EEC) subcommittee plans to seek approval from the committee chaired by Prime Minister Prayut Chan-o-cha to allow foreign business travellers to enter the country subject to quarantine. The proposal is aimed at maintaining investment momentum this year, said Kanit Sangsubhan, secretary-general of the EEC Office. The Japanese Chamber of Commerce, Japan […]
Read MoreThe Hanoitimes – Microsoft and Google are stepping up efforts to relocate production of new devices from China to potential sites in Vietnam. As of last October, of the 33 companies that had shifted production out of China since its trade spat with the US began, 23 have moved to Vietnam, with the rest relocating to […]
Read MoreMANILA, Philippines — The Bangko Sentral ng Pilipinas (BSP) expects a five percent drop in remittances from overseas Filipino workers (OFWs) due to the economic fallout from the coronavirus disease 2019 or COVID-19 pandemic. BSP Governor Benjamin Diokno said cash remittances coursed through banks may contract to $28.6 billion this year from a record high […]
Read MorePhuket’s property market will take at least two years to recover because the fallout from the coronavirus is hitting one of the world’s top tourist destinations harshly, says the Phuket Real Estate Association. Boon Yongsakul, the association’s vice-president, said the Phuket property market has suffered a severe impact from the pandemic because the local economy […]
Read MoreThe prolonged suspension of tourist visas to foreigners and strict health measures could kill the tourism and the aviation sector, according to a tourism industry insider. The tourism sector has been severely affected by the pandemic. Total visitor numbers fell 52 percent From January to April 2020, with the nation welcoming around 1.16 million foreigners, […]
Read MoreThe baht surged the most in a year on Thursday, defying a selloff among emerging Asian currencies and testing the central bank’s patience after it warned of economic risks from continued appreciation. The baht advanced as much as 1.1% against the dollar, the most since June 2019. The Thai currency has breached its 200-day moving […]
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