BANGKOK: Foreign investment applications in Thailand dropped 54% to 213 billion baht ($7.12 billion) in 2020 as companies were deterred by the coronavirus pandemic, while this year’s outlook remains uncertain, an investment agency said on Wednesday. Japan remains Thailand’s biggest investor, with projects worth 76 billion baht, followed by China’s 31 billion baht of pledges […]
Read MoreFoodpanda is pivoting to quick delivery e-commerce with its rollout of Pandamart, a service offering essential goods from “cloud stores” as a new vertical to gain an edge in the cut-throat delivery market. The company announced the launch of 150 Pandamarts in Asia, boasting 25-minute delivery times for thousands of items, including fresh groceries and […]
Read MoreThe Bank of Thailand (BoT) has added consumer loan solutions to cover debtors involved with the legal system through an online debt mediation scheme. The new debt aid scheme is designed for credit card and personal loan products, covering all different statuses of repayment including performing loans and non-performing loans (NPLs). The scheme aims to […]
Read MoreBusiness sentiment plunged to a 25-month low in January as a fresh wave of infections decimated businesses and daily lives. The University of the Thai Chamber of Commerce (UTCC) said yesterday the TCC Confidence Index, which gauges the sentiment of the business sector and members of the Thai Chamber of Commerce in all provinces nationwide, […]
Read MoreThai authorities are preparing to oppose Vietnam’s plan to impose a 34% anti-dumping tax on sugar imports from Thailand, which is based on a claim that Thai exporters are gaining an advantage over their Vietnamese competitors because of lower costs. The Thai Industry and Commerce ministries are planning their strategy following a media report that […]
Read MoreThe Finance Ministry has allowed 2020 tax filing data to be used as eligibility criteria for receiving financial aid under the “Rao Chana” (We Win) scheme, catering to those wanting their eligibility to be reassessed. Approved in January, the We Win scheme aims to provide 210 billion baht in financial handouts for 31 million people […]
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