Category Archives: Industry

Thai first quarter household debt at 80% of GDP, highest in four years

Thailand’s household debt level to gross domestic product (GDP) rose slightly to 80.1% in the first quarter, the highest level in four years, central bank data showed, with the trend set to continue as the coronavirus outbreak squeezes the economy, Southeast Asia’s second’s largest economy could shrink a record 8.1% this year, the central bank

UK supermarkets may ban Thai coconut products over use of monkeys

The Thai Animals Protection Association has urged the Commerce and Agriculture ministries to issue a clarification to British retailers quickly about the use of pigtailed macaques in the harvesting of coconuts in Thailand. Mr. Roger Lohanan, secretary-general of the association, made the call after four British retailers pledged to stop offering coconut products that use

Thailand plans to allow some foreign travellers in next week

Thailand plans to allow some foreign travellers into the country starting next week, as it eases restrictions imposed to curb the spread of the novel coronavirus, a senior official said on Wednesday, Trend reports with reference to Reuters. The first group of foreigners that have registered for 14-day state quarantine include those with work permits, investors and business

Oil prices seesaw after Navarro walks back comment saying U.S.-China trade deal was ‘over’

Oil prices were volatile on Tuesday after markets were spooked by surprise comments from White House trade adviser Peter Navarro saying a hard-won U.S-China trade deal was “over”, though he later said his comments had been taken out of context, Jangled nerves were also soothed to some degree after U.S. President Donald Trump later tweeted

WTO less downbeat on trade for 2020, more muted for 2021

The World Trade Organization said on Tuesday that global merchandise trade would likely fall by less than its worst case scenario this year due to the COVID-19 pandemic, but an expected pick-up in 2021 year could fall short of expectations, The Geneva-based body in April forecast that global trade in goods would fall by between

Asian Development Bank to end fossil fuel financing

NGO Forum on ADB, a network of over 250 civil society organizations across Asia calls out the Asian Development Bank (ADB) to end its green posturing and make real commitments towards a Paris aligned policy and appropriate clean energy investments, Trend reports with reference to ADB. This demand coincides with this year’s Asia Clean Energy

Honda resumes production at plants hit by suspected cyber attack

Japan’s Honda Motor Co has resumed production at automobile and motorcycle plants in the United States and other countries after they were hit by a suspected cyber attack this week, a spokesman said on Friday, The suspected attack comes less than a month after Honda reopened its North American vehicle assembly plants, following closure of

Thailand proposes to tax foreign internet companies

Thailand on Tuesday approved a draft bill requiring foreign digital service providers to pay a value-added tax (VAT), becoming the latest country in Southeast Asia to seek to boost tax revenues from international tech companies, Trend reports with reference to Reuters. Last month, Indonesia passed a law requiring big internet companies to pay VAT on sales of digital

Asian Markets Begin Trading Week on High Note

Global markets are riding high Monday thanks to a boost from last week’s better-than-expected U.S. unemployment numbers. The Nikkei index in Tokyo closed 1.3% higher, while Mumbai’s Sensex index was up 1.4% in late afternoon trading. Hong Kong’s Hang Seng index was slightly higher at 0.1%, with the Shanghai Composite up 0.3% and Taiwan’s TSEC