Despite fully reopening in July, the employment rate in the hotel sector stands at just 71% of the pre-pandemic level with 68% of hotels hit by a labour shortage, according to the Thai Hotels Association (THA). Marisa Sukosol Nunbhakdi, THA president, said 67% of hotels had to keep their wage rates static as revenue in […]
Read MoreMANILA, Philippines — The Philippines aims to sign a free trade agreement (FTA) with South Korea in November, according to Trade Secretary Alfredo Pascual. “The feedback I got from the team that is working on this is that the target is in November this year,”Pascual told reporters when asked for an update on the FTA. […]
Read MoreA Chinese-aided study on the intermodal transport master plan has been completed and the report was handed to the Cambodian government as the Kingdom prepares the comprehensive Intermodal Transport master plan for 2022-2030. The report was presented in a ceremony on Wednesday in the presence of Ros Seilava, member of the Supreme National Economic Council, […]
Read MoreVietnam’s rice remains favorite in the international market despite fierce competition. Vietnam exported nearly 4.2 million tons of rice during the first seven months of 2022, representing an increase of over 20% year-on-year, according to the Ministry of Agricultural and Rural Development (MARD). “Despite fierce competition, Vietnamese rice products continue to be among the favorites […]
Read MoreKey business people are preparing to propose five-point recommendations, including the long-delayed Free Trade Area of the Asia-Pacific (FTAAP), which is part of regional economic recovery plans, to 21 leaders of the Asia-Pacific Economic Cooperation (Apec) when they meet in Bangkok later this year. The recommendations are based on a series of meetings of the […]
Read MoreThe baht opened at 35.82 to the US dollar on Friday, strengthening from Thursday’s close of 36. The currency is expected to move between 35.70 and 36 during the day, Krungthai Bank market strategist Poon Panichpibool predicted. Poon said the baht might swing sideways or strengthen more than investors expect due to the weakening of […]
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Thailand
