AFP – Thailand’s parliament approved a near-$60 billion stimulus package, the kingdom’s biggest cash injection, to revive an economy that has been hammered by COVID-19. The 1.9 trillion baht ($59.7 billion) package would be a much-needed boost for Southeast Asia’s second biggest economy, expected to contract by 6-7 percent in 2020. About $17.3 billion of the […]
Read MoreDespite the long closure because of the outbreak, two major cinema operators are sticking to their expansion plans for this year. Pimsiri Thongrompo, marketing director at SF Corporation, operator of the SF cinema chain, said the company remains committed to opening four new cinema branches this year. Two branches have already opened in Chon Buri. […]
Read MoreThe World Bank says Cambodia should diversify away from garment exports by further promoting shipments of electronic and vehicle parts and accessories to Japan. In its biannual update for Cambodia released Friday, the bank said Cambodia’s garment, footwear and travel goods exports grew only 7.5 percent in the three months to March, down from 17.7 […]
Read MoreMyanmar will exert more discipline and control over investors holding land earmarked for industrial zones under a new Industrial Zone Law passed by Parliament on May 27. Under the law, businesses which have received land plots targeted for industrial zones must submit a six-month project plan along with a date of completion to the authorities. […]
Read MoreThe Foreign Direct Investment (FDI) capital flows over the recent five months of 2020 only decreases compared to the same period last year but rises against the same period of the previous years. The COVID-19 pandemic has seriously affected foreign investment inflows that witnessed a year-on-year decrease of 17% to US$13.88 billion in the first five months […]
Read MoreThe government is being urged to fine-tune the country’s national strategy to keep abreast of changing social and economic trends caused by the global economic slowdown and the pandemic. According to Kalin Sarasin, chairman of Thai Chamber of Commerce, the chamber is helping to map out the country’s new strategy for the post-pandemic period and plans […]
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