NEW DELHI: India is investigating imports of copper tubes and pipes from Thailand, Malaysia and Vietnam to determine whether producers in these countries were receiving unfair subsidies, the government said. The investigation by India’s Directorate General of Trade Remedies, the investigative arm of the commerce ministry, could result in these imports facing countervailing duties, said […]
Read MoreThe government will extend the state of emergency through October as it plans to reopen the country to foreign visitors. The Centre for Covid-19 Situation Administration chaired by Prime Minister Prayut Chan-o-cha on Monday approved the extension of the emergency decree through Oct 31, according to Deputy Prime Minister Wissanu Krea-ngam. The panel also approved […]
Read MoreAlthough sentiment among consumers and investors has not recovered from bruises of the Covid-19 pandemic, the business world is seeing more mergers and acquisitions (M&A) as conglomerates are taking advantage of the economic slowdown to restructure their businesses or capture prime assets at a discounted rate. Funding for the deals depends on a company’s financial […]
Read MoreThe Finance and Tourism and Sports ministries are preparing to extend and adjust conditions of the We Travel Together tourism campaign until year-end to encourage domestic travel in the final quarter. Launched on July 15, the domestic tourism stimulus policy is part of the government’s effort to spur domestic travel, as foreign tourists are still […]
Read MoreAn interest rate incompatible with banks’ financial costs is the main reason the Bank of Thailand’s soft loan programme has floundered, according to a source at a state-owned financial institution. The central bank has been offering 500 billion baht in soft loans at 0.01% interest to financial institutions for two years to re-lend to small […]
Read MoreBankers are optimistic that rising bad debts driven by Covid-19 are manageable, though the second phase of the moratorium offered by many banks will end next month. They estimate non-performing loans (NPLs) to rise to 5 per cent by the end of this year, up from 3 per cent at the end of last year. […]
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