MANILA, Philippines — The Philippines became the world’s first country Friday to approve the commercial production of genetically modified “golden rice” that experts hope will combat childhood blindness and save lives in the developing world. A biosafety permit issued by government regulators paves the way for the rice — enriched with the vitamin A-precursor beta-carotene to make […]
Read MoreThe Federation of Thai Industries (FTI) has increased its total car production target this year to 1.55-1.6 million units, fuelled by good export prospects, although the third wave of the pandemic is expected to deal a blow to the domestic car industry. Toyota Motor Thailand had to close its factory for at least three days […]
Read MorePaiboon Nalinthrangkurn, chairman of the Federation of Thai Capital Market Organizations (Fetco), has urged the government to accelerate economic stimulus and temporarily raise the public debt ceiling to 70-75% of GDP, or borrow an additional 800 billion to 1 trillion baht to help the country weather the pandemic. He said the Thai economy could slip […]
Read MoreThe baht opened at 32.88 to the US dollar on Friday, weakening from Thursday’s closing rate of 32.86. The Thai currency is likely to move between 32.80 and 32.95 during the day, Krungthai Bank market strategist Poon Panichpibool said. Poon said the baht was unlikely to strengthen anytime soon due to the worsening Covid-19 situation […]
Read MoreMANILA – The Philippines has tightened restrictions in the community and at the borders, as it confirmed the start of a new wave of Covid-19 infections – this time fuelled by the highly contagious Delta variant. The government on Friday (July 23) announced that its travel ban would now include Malaysia and Thailand. It has already denied entry […]
Read MoreMANILA, Philippines — The Bureau of Internal Revenue (BIR) has agreed to suspend the imposition of the 12 percent value-added tax (VAT) on local purchases of raw materials and packaging products of exporters, according to the Philippine Economic Zone Authority (PEZA) and House ways and means committee chairman Rep. Joey Salceda. The Philippine Exporters Confederation […]
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