Business 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 […]
Read MoreThailand’s unemployment rate is expected to have risen in the second quarter of this year, as prolonged and severe Covid-19 outbreaks took a heavy toll on Thai companies and entrepreneurs. Tanit Sorat, vice-chairman of the Employers’ Confederation of Thai Trade and Industry (EconThai), predicted that the country’s unemployment rate was likely to reach 2.5% in […]
Read MoreThe long fourth Covid-19 outbreak and social distancing regulations have posed great challenges to the office leasing market. Ngo Anh Tuan, director of a transport firm in Hanoi, said its 5-year lease contract is expiring in some days but they still have not reached an agreement with the landlord about the rent. Tuan’s company is […]
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