Foreign fund flows are the only hope to sustain the stock market during the fresh outbreak of Covid-19, as GDP growth and earnings estimates for listed companies are expected to be downgraded if the outbreak continues and the government does not offer any strong economic support, according to Asia Plus Securities (ASP). ASP Research said […]
Read MoreBANGKOK: A new round of restrictions in Thailand aimed at containing a fresh wave of coronavirus infections will likely derail the economy’s nascent recovery from its 2020 slump. Prime Minister Prayuth Chan-ocha urged the public on Monday to stay home and avoid travel after authorities closed a series of venues – from schools to bars […]
Read MoreThe government plans to revise key laws and regulations covering immigration, foreign business and other sectors next year in order to draw more foreign direct investment. The revisions will also cover foreign workers, excise tax, city planning, biodiversity, the movie and video business, and energy sector including infrastructure and alternative energy. The government aims to […]
Read MoreBanks are preparing cash reserves to accommodate withdrawals during the New Year holidays. Kasikornbank is planning to allocate Bt36.8 billion for its KBank branches and ATMs from December 28 to January 1. Of that, Bt10.5 billion will be distributed among KBank’s 860 branches nationwide, with Bangkok getting Bt4.5 billion. Another Bt26.3 billion will be loaded […]
Read MoreMerger and acquisition (M&A) activity looked strong at the beginning of 2020 with numerous transactions, including the acquisition of the Ninth Towers office building and Unilever House office building projects (US$186 million and $50.4 million, respectively) by CPN Retail Growth Leasehold REIT. In the first quarter of 2020, according to international consulting firm KPMG, the […]
Read MoreKUALA LUMPUR: Almost seven in 10 Malaysian consumers (69%) are buying more from local brands to help these businesses bounce back from the Covid-19 pandemic, according to the UOB ASEAN Consumer Sentiment Study. The survey has also found that 60% of Malaysian consumers surveyed have spent more on businesses that support lives and livelihoods affected […]
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Thailand
