Siam Commercial Bank (SCB) is encroaching on the food delivery business, planning to roll out its own platform next month. To lure customers, the bank’s food delivery platform Robinhood will waive the gross profit (GP) fee in an effort to be fair to customers, drivers and restaurants, said chief executive Arthid Nanthawitthaya. “SCB has no […]
Read MoreFitch Solutions, a subsidiary of Fitch Group, has revised its forecast for Vietnam’s fiscal deficit (excluding debt principal repayments) to be 6.4% of GDP in 2020 (from 6.0% of GDP previously), almost double of 3.4% in 2019. This is mainly due to the government’s Covid-19 fiscal stimulus having a strong focus on tax relief, which […]
Read MoreMANILA, Philippines — Four Asian countries have expressed interest to supply the Philippines with 300,000 metric tons of rice under a government-to-government scheme, the first for the country since the industry was liberalized. During Monday’s online G2G bidding, Myanmar, Thailand, Vietnam and India submitted their bids for the supply of imported rice with 25 percent […]
Read MoreWhile regional airlines are awaiting lifting of border restrictions to mount international flights, Cambodia’s skies are still off limits to international flights besides that already being plied between several countries such as China, South Korea and Taipei. In recent weeks, countries mainly in Asia are resuming domestic travel and gradually reopening international borders and easing […]
Read MoreAs Thailand cautiously reopens for business, companies that seek ways to re-emerge from the turbulence caused by the coronavirus and face future challenges may embrace sustainability as a path to resilience, growth and innovation. At the heart of business sustainability is a recognition of the impact and interdependence of social and environmental systems (and the […]
Read MoreThe head of Thai AirAsia (TAA) does not see the pandemic as a catalyst for new trends, instead considering the disease a phenomenon that requires “temporary extras” to cool down a panic wave for a period of time. Santisuk Klongchaiya, chief executive of TAA, said at the beginning of the outbreak, the company had a […]
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