The lowering of deposit protection to a maximum of 1 million baht this month is unlikely to impact the confidence of the depositors on the financial institutions, said Krisada Chinavicharana, the Finance Ministry’s permanent secretary. According to the Deposit Protection Act, deposit protection will be lowered to a maximum of 1 million baht per account […]
Read MoreKUALA LUMPUR: CGS-CIMB Equities Research has highlighted potential earnings risks for the real estate investment trust (REIT), manufacturing, gaming, consumer and tourism-related sectors in the current 2Q21 results season. In its strategy note on Wednesday, the research house cited the disruptions in operations due to the movement controls to curb the Covid-19 pandemic as it […]
Read MoreSINGAPORE is the fourth-most expensive Asian construction market to build in, as the industry deals with a shortage of skilled labour and high materials costs. Against this backdrop, tender prices here are expected to remain volatile for the rest of 2021, the latest Turner & Townsend’s International Construction Market Survey 2021 showed. Tender prices could […]
Read MoreThe Ministry of Finance is collecting opinions on a draft decree amending and supplementing a number of articles of Decree 140 of the Government on registration fees. The Ministry of Finance has proposed that the registration fee for electric cars for the first time should be equivalent to 50% of that for petrol-fueled and diesel-fueled […]
Read MoreThe overall sentiment of foreign businesses operating in Thailand has plunged, as foreign investors are growing concerned about the severe Covid-19 infections and a delay in Thailand’s vaccine allocations. The new foreign business confidence index (FBCI), which gauges foreign business sentiment in Thailand, stood at only 27.7 in the second quarter of this year on […]
Read MoreINVESTMENT commitments secured for Singapore in the second quarter of 2021 amounted to S$3.6 billion in fixed asset investment (FAI) and S$1.4 billion in total business expenditure (TBE), according to the latest Economic Survey of Singapore released on Wednesday morning. The figures refer to investment commitments garnered by the Singapore Economic Development Board. When these […]
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