Charoen Pokphand Group, the country’s biggest agribusiness conglomerate, has dropped the Tesco brand in Thailand after the completion of a US$10.6 billion-baht purchase deal. The change in brand marks the end of a 23-year presence of the British hypermarket chain in Thailand where it became a household brand with over 2,000 locations across the country. […]
Read MoreDECIDING on the timing of the Goods and Services Tax (GST) could prove to be a delicate challenge for the Singapore government, which is sandwiched between not just fiscal and political pressure but now recessionary pressure as well. Tax analysts that The Business Times spoke with appear divided on where the sweet spot lies, with […]
Read MoreThe Hanoitimes – Experts have said that Vietnam should further focus on administrative reform and improve the existing legislation framework to boost economic growth this year. Many experts have expressed their confidence that Vietnam would be able to realize or even surpass the growth target of 6-6.5% in 2021. Vice Chairman of the European Chamber of […]
Read MoreMALAYSIA’S private investment growth rate and share of gross domestic product (GDP) has been decelerating in recent years. Weighed down by external and domestic factors, private investment’s momentum had moderated from 12.1% per annum in 2011-2015 to 4.8% pa in 2016-2019. Amongst these include the uneven state of global economic conditions post 2008-09 Global Financial […]
Read MoreThe cabinet has approved a 50-billion-baht low-interest loan programme to assist informal workers and small and medium-sized enterprises (SMEs) related to the tourism sector. Since the new wave of the Covid-19 outbreak resulted in certain areas being placed under stringent control, subsequently affecting people’s livelihood and businesses, especially those operating in the tourism sector, the […]
Read MoreMANILA, Philippines — Remittances shrank by just less than one percent last year despite the displacement of close to half a million overseas Filipino workers (OFWs) due to the global health crisis, the Bangko Sentral ng Pilipinas (BSP) said. BSP Governor Benjamin Diokno said personal remittances slipped by 0.8 percent, while cash remittances coursed through […]
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Thailand
