7-Eleven has delayed opening its first convenience store in Cambodia until the end of this year from a previously reported target in June. Kriengchai Boonpoapichart, chief financial officer at CP All Public Co Ltd, which asssigned the master franchise for the Kingdom to CP ALL (Cambodia) last year, said that opening in Phnom Penh is […]
Read MoreJAKARTA : Indonesia’s central bank will purchase government bonds worth up to 439 trillion rupiah (US$30.46 billion) in 2021 and 2022 to provide cheaper financing for the government’s COVID-19 relief measures, senior officials said. The fiscal deficit financing scheme is similar to an agreement Bank Indonesia (BI) had with the finance ministry last year to […]
Read MoreBusiness associations and industries have repeatedly asked commercial banks to ease lending interest rates to share difficulties with them in the Covid-19 pandemic. The Vietnam Plastics Association (VPA), for example, has sent a document to Prime Minister asking for urgent help. There are nearly 3,000 enterprises operating in the plastics industry employing 300,000 workers. Seventy […]
Read MoreThai exports are maintaining their growth momentum, surging by 20.2% year-on-year in July despite ongoing Covid-19 outbreaks. The increase was boosted by the robust global economic recovery, depreciation of the Thai baht, rising oil prices, and export promotions by the Commerce Ministry and the private sector. The Commerce Ministry yesterday reported customs-cleared exports hit a […]
Read MoreMANILA, Philippines — The country’s outstanding debt will surpass the P13 trillion mark next year, forcing the government to slow its borrowings from local and foreign financiers by nearly 20 percent, the Bureau of the Treasury said. The BTr said the country’s debt stock will balloon by over 14 percent to an all-time high of […]
Read MoreGovernment tax exemption status for restaurants and hotels is set to expire on Sept 30 with the authorities undecided as of yet about whether they will be extended again following the granting of nine previous rounds of amnesty. The restaurant industry contributed to some 19 percent of gross domestic product growth in 2019. Revenue fell […]
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Thailand
