E-commerce is set to become the main channel for business next year, with major e-marketplaces enjoying rising profits while local shops and grocery stores fade away, said Pawoot Pongvitayapanu, an e-commerce pioneer. “E-commerce will clearly become the main channel for sales among some businesses in 2022,” said Mr Pawoot, chief executive and founder of Tarad.com, […]
Read MoreThe Bank of Thailand is focused on aiding economic growth amid subdued inflation and is less worried about the US Federal Reserve’s monetary actions, BoT governor Sethaput Suthiwartnarueput said ahead of the bank’s rate meeting next week. “Most of our rate trajectory will be dictated by domestic considerations,” Sethaput said, adding inflation, growth and financial […]
Read MoreHeadline inflation is expected to hit its highest level in a decade next year driven by cost-push factors including rising imported raw materials, a recovery in domestic demand, relatively high oil prices and a labour shortage. According to Ronnarong Phoolpipat, director-general of the Trade Policy and Strategy Office (TPSO), Thailand’s headline inflation is likely to […]
Read MoreSINGAPORE (BLOOMBERG) – Binance Asia Services, the Singapore entity of Changpeng Zhao, has withdrawn its application for a license to run a cryptocurrency exchange, the company said. With that, Binance ends an effort to operate a regulated cryptocurrency bourse under the oversight of the Monetary Authority of Singapore (MAS). The fiat-to-crypto trading platform Binance.sg will wind down […]
Read MoreMANILA, Philippines — The Tariff Commission (TC) has started its probe into the merits of imposing a definitive anti-dumping duty on cement imports from Vietnam. In a notice, the TC said it commenced the formal investigation on Dec.9 after it received a request from the Department of Trade and Industry (DTI) and the complete case […]
Read MoreA total of 743 companies have set up operations in Specific Economic Zones (SEZ) in Laos with total registered capital of over $12 billion and overall capital of more than $36 billion. Of particular note, with investment of more than $3 billion, a large number of well-known foreign companies have invested in these zones. The […]
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