In response to plunging oil prices, state-owned energy firm PTT Plc is urging policymakers to take action to cut the nation’s crude oil reserve in half as prices dip below US$30 a barrel. President and chief executive Chansin Treenuchagron said PTT will urge the government to reduce the volume of its oil reserve to 9-10 […]
Read MoreMANILA, Philippines — With more overseas Filipinos still wanting to extend their helping hand to their kababayans adversely affected by the Taal Volcano eruption, BDO Remit has extended its free remittance campaign on cash donations sent until end-June this year. As of end-January, BDO Remit has collected more than P600,000 in cash donations from overseas […]
Read MoreThe battle between Thailand’s retail titans for UK-based Tesco’s Asia business has reached an end, with Charoen Pokphand Group, the country’s biggest agribusiness conglomerate, submitting the winning bid for a deal worth more than US$10 billion. CP Group beat beer tycoon Charoen Sirivadhanabhakdi’s TCC Group Co and the Chirathivat family’s Central Group, Thailand’s biggest retailer […]
Read MoreWidespread unemployment is expected in the industrial sector this year as the economy braces for continued fallout from the coronavirus outbreak, just as over 500,000 new graduates leave university this May, says the Employers’ Confederation of Thai Trade and Industry (EconThai). The group is raising concerns about the possibility that many graduates will not be […]
Read MoreThe government’s big-check fiscal stimulus to bolster purchasing power and tourism- and trade-related industries amid the coronavirus (COVID-19) outbreak will reduce state revenue and raise debt levels, economists say. They have called for productive spending to support the economy. Center of Reform on Economics (CORE) Indonesia research director Piter Abdullah said the planned stimulus packages would “no […]
Read MorePETALING JAYA: The Malaysia Automotive Robotics and IoT Institute (MARii), an agency under the International Trade and Industry Ministry, has forecast total industry volume (TIV) to grow 9% to 610,000 units this year despite scepticism that the local automotive industry will be affected by the current weak market sentiment. At a briefing earlier this week, […]
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Thailand
