Ratification of the Regional Comprehensive Economic Partnership (RCEP) will benefit the Philippines and help the country recover, speakers told an online forum organized by The Manila Times. The RCEP is a free trade agreement between the 10-member Association of Southeast Asian Nations (Asean), China, Japan, Australia, New Zealand, and South Korea. Signed just last November, it will have to be ratified by […]
Read MoreSingapore is to trial the import of electricity from Laos via Thailand and Malaysia following an agreement between Keppel Electric and Electricite du Laos (EDL). The agreement between the two companies is part of the Laos-Thailand-Malaysia-Singapore Power Integration Project (LMTS-PIP) that will see the four governments studying the feasibility of cross-border power trade, Straits Times reports. […]
Read MoreThe baht opened at 33.12 to the US dollar on Friday, weakening from Thursday’s closing rate of 33.04, the weakest in almost a month. The Thai currency is likely to move between 33.05 and 33.25 during the day, Krungthai Bank market strategist Poon Panichpibool predicted. Poon said the baht is still pressured more than strengthening […]
Read MoreAlthough car manufacturers have cut prices deeply to stimulate demand, the Vietnamese auto market witnessed a record decrease in monthly sales over the past five years when fewer than 9,000 cars were sold in August 2021. According to the Vietnam Automobile Manufacturers Association (VAMA), a total of 8,884 vehicles were sold in August, a drop […]
Read MoreThe ongoing Covid-19 pandemic has not affected Thailand’s free trade agreements (FTAs) or the Generalised System of Preferences (GSP), the Department of Foreign Trade (DFT) said on Thursday. In the first seven months of this year, deals under the pacts had risen by 36.23 per cent compared to the same period last year, while the […]
Read MoreBangkok’s reopening for inoculated tourists will be delayed by two weeks as most of the city’s residents are still waiting for their second jabs, while the tourism ministry has pledged to open the city to bring at least 1 million international tourists this year. Phiphat Ratchakitprakarn, the tourism and sports minister, said the appropriate timeline […]
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