MANILA, Philippines — Foreign direct investment (FDI) inflows into the country can increase three-fold by amending three key investment laws that would ease restrictions on capital from overseas, the National Economic and Development Authority (NEDA) said yesterday. During the Pre-State of the Nation Address (SONA) economic and infrastructure forum yesterday, Socioeconomic Planning Secretary and NEDA […]
Read MoreSATUN (Reuters) – The son of a Thai fisherman, Anurak Saruethai never really took to life at sea. But seafood has been good to him. Hawking dried shrimp, squid and fish in nightly Facebook livestreams, Anurak, who is quick with a joke and adept at interacting with customers, can draw up to 300,000 viewers at […]
Read MoreThe government plans to block the use of cell phones bought in the black market to curb the distribution of such phones. The plan was announced after the government required all phone users to register their SIM cards. The Industry Ministry will reportedly implement the blockage through the International Mobile Equipment Identity (IMEI) number that identifies the device […]
Read MoreMANILA, Philippines — Businesses and commodity prices are threatened by a Bureau of Customs (BOC) order requiring meat importers to pay the higher duty of 40 percent on mechanically deboned meat (MDM) which became effective with the implementation of the rice tariffication law, meat traders said. The Meat Importers and Traders Association (MITA) slammed the […]
Read MoreBusiness operators are urging the new government to raise the country’s daily minimum wage in line with a resolution of the tripartite committee and avoid the sharp rise promised during the general election campaign. For 2019, the tripartite committee representing employers, employees and the government agreed to increase the daily minimum wage by 2-10 baht […]
Read MoreThe new government will be asked to extend the Board of Investment’s promotional investment packages for the flagship Eastern Economic Corridor (EEC) scheme for another year. Kanit Sangsubhan, secretary-general of the EEC Office, said the office will submit a proposal to extend the privilege packages, which are scheduled to expire on Dec 30, once the […]
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