HANOI: Vietnam has imposed an anti-dumping levy of 47.64% on some sugar products from Thailand for five years to replace a temporary tax introduced in February, the country’s industry and trade ministry said on Wednesday. The decision comes after the ministry finished an anti-dumping investigation that started last September on behalf of the domestic industry. […]
Read MoreMANILA, Philippines — The Department of Trade and Industry (DTI) is advising the public to be cautious of chain distribution plans or pyramid sales schemes circulating online as complaints involving such received by the agency have more than doubled as of end-April. In a statement yesterday, the DTI said a total of 28 complaints on […]
Read MoreThe baht opened at 31.16 to the US dollar on Wednesday, weakening slightly from 31.15 at close on Tuesday. The Thai currency is likely to move between 31.10 and 31.20 during the day, Krungthai Bank market strategist Poon Panichpibool said. He said the baht would move “sideways” while markets were awaiting the outcome of the […]
Read MoreDepositing money at banks is currently the safest and most profitable investment channel, as Covid-19 developments remain complicated and the stock market is “hot” and, thus, risky. Deposit interest rates at some banks increased slightly by 0.1-0.3 percent per annum in early June. SHB is now offering an interest rate of 5.75 percent for six-month […]
Read MoreThe government has vowed to tackle high household debt, incurred by credit card and personal loans, and offer measures to strengthen the competitiveness of local financial institutions in the long term. Prime Minister Prayut Chan-o-cha said on Tuesday that all related agencies. including the Bank of Thailand (BoT) are being ordered to accelerate addressing the […]
Read MoreFastest growth in 4 years MANILA, Philippines — Remittances sent home by overseas Filipino workers rose for the third straight month in April, recording their fastest growth in more than four years as OFW deployment accelerated amid the easing of travel restrictions as host countries ramp up COVID-19 vaccination, the Bangko Sentral ng Pilipinas (BSP) […]
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