SET-listed Thitikorn (TK) is set to finalise the acquisition of a microfinance business in Myanmar next quarter, a move expected to lend support to the company’s goal of having 30% of its loan portfolio come from neighbouring countries by year-end 2020. TK, a leading motorcycle hire-purchase provider in Thailand, is in the process of acquiring […]
Read MoreMANILA, Philippines — Accommodation establishments will be allowed to resume normal operations, but at limited capacity only once areas are placed under modified general community quarantine or MGCQ, according to the Department of Tourism (DOT). Based on Administrative Order 2020-002, the DOT said accommodation establishments may accept bookings of all guests, whether for work or […]
Read MoreThe Ministry of Commerce on May 25 issued regulations designed to relax Myanmar’s decades-old ban on alcohol imports. The ministry’s “Guidelines for the Importation of Foreign Liquor” allows foreign spirits with the cost, insurance and freight value of US$8 or above to be brought in from Yangon ports and the Yangon International Airport. “Before, alcohol […]
Read MoreChina this month started testing its sovereign digital currency, the so-called Digital Currency Electronic Payment (DCEP), putting pressure on Vietnam to research cryptocurrency in the context of international integration. Commenting on the move, Bao Dau Thau (Bidding) online newspaper quoted Nguyen Tri Hieu, a banking and financial expert, as saying that digital currencies were a […]
Read MoreTwo new confirmed COVID-19 cases in Cambodian have revived the fear of a “second wave” of the virus affecting local businesses – many of which had just begun to reopen over the past month. In response, Prime Minister Hun Sen has advised the public, yet again, to stay away from crowded places to prevent the […]
Read MorePatchara Anuntasilpa, head of the Excise Department, hinted he personally supports automakers’ tax cut proposal to boost domestic demand, saying it could be a win-win for all. Against the backdrop of a reeling economy, consumers will not purchase new cars if prices are not reduced, which hurts excise revenue, he said. “New assembled cars sitting idle […]
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Thailand
