Duty-free retail giant King Power expects sales to plummet by 50% this year to about 90 billion baht, largely because of the impact of the Covid-19 pandemic. Aiyawatt Srivaddhanaprabha, the group’s chief executive, said that while the company has shifted to selling duty-free products online after all shops were closed from March 22 to May […]
Read MoreMANILA, Philippines — The worst may be over for the Philippine economy as its contraction is seen to have bottomed out in May, the Asian Development Bank (ADB) said yesterday. In a briefing, ADB country director for the Philippines Kelly Bird said based on data collected in the first half of the year, economic contraction […]
Read MorePhnom Penh’s Russian Market, the usually overcrowded, hot and hard to navigate market is now a ghost of its former self. Since the impact of COVID-19 and the lack of tourists the market has been hit hard and market owners pockets are empty, yet their shops are full of unsold antiques, silks, silvery jewelry and […]
Read MoreApple says it plans to launch its retail store at CentralWorld soon, marking the second official shop of the American tech giant in Thailand. An industry source who requested anonymity says the company scheduled the launch for July 31. Apple’s Thai website shows the company’s logo with colourful Thai letters inside, reading Krung Thep (Bangkok). […]
Read MoreMicro, small and medium enterprises (MSMEs) can now obtain tax identification numbers (NPWP) through state-owned banks, as the Taxation Directorate General seeks to simplify procedures to boost the government’s disbursement of COVID-19 aid. Tax Office chief Suryo Utomo said that some MSMEs did not yet possess NPWPs, which, before the change in policy, would have […]
Read MoreSINGAPORE – Defying Covid-19 circuit breaker measures and a recession, private home prices in Singapore edged up 0.3 per cent in the second quarter from the previous three months, according to final data from the Urban Redevelopment Authority (URA) on Friday (July 24). The 0.3 per cent gain in the second quarter of 2020 bucked […]
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