Industry

Russia becomes India’s top DAP fertiliser supplier

India has imported about 3.5 lakh tonnes (lt) of di-ammonium phosphate (DAP) fertiliser from Russia, which would be arriving during the April to July period.The imports have been contracted by Indian Potash Ltd, Rashtriya Chemicals & Fertilizers, Chamb…

Read More

International headwinds offset Thai economy’s gains

Despite the fast-rising inflation driven largely by food and energy costs, some economic research houses have recently revised upward or at least maintained their economic growth projections for Thailand for the year.Siam Commercial Bank’s Economic Int…

Read More

LGBTQ+ couples can now seek mortgages from Government Housing Bank

Thailand’s Government Housing Bank (GHB) has taken a major step in recognising gender equality by allowing LGBTQ+ couples to apply for mortgages on the same basis as heterosexual couples or family members.According to the bank, the launch of this new s…

Read More

Bangkok City Hall halves market rents, cuts pawn shop interest rates

The Bangkok Metropolitan Administration (BMA) has decided to halve the rental fees charged to vendors who rent space in its 12 markets from July to the end of September, according to Governor Chadchart Sittipunt.The 12 markets, run or owned by the BMA,…

Read More

Malaysian tourists in Thailand expected to outnumber those from India

Tourists entering Thailand from Malaysia are expected to outnumber Indian tourists after the scrapping of the “Thailand Pass” requirement from July 1st, said Tourism and Sports Minister Phiphat Ratchakitprakarn yesterday (Thursday).According to the Tou…

Read More

New prison to house criminals from Laos’ Chinese-run special economic zone

People convicted of crimes in the Chinese-run Golden Triangle Special Economic Zone (SEZ) in northern Laos, a hotbed of human trafficking and smuggling, will soon serve their sentences in a new prison built by the zone as a gift to its host province.La…

Read More

Russian journalist’s Nobel Peace Prize fetches record $103.5 mln at auction to aid Ukraine children

June 21 (Reuters) – Dmitry Muratov, the co-winner of the 2021 Nobel Peace Prize and the editor of one of Russia’s last major independent newspapers, auctioned off his Nobel medal for a record $103.5 million to aid children displaced by the war in Ukrai…

Read More

India and ASEAN resolve to expand cooperation in trade, defence, vaccines

Foreign ministers of India and the ASEAN nations on Thursday agreed to work towards a “meaningful and substantive” comprehensive strategic partnership even as the two sides explored ways to navigate the implications of the developments in Ukraine on tr…

Read More

Laos to sell $350 million in high-interest bonds to combat inflation

The Lao government is so desperate for cash that it is offering about U.S. $340 million in bonds with a six-month interest rate of 20 percent, terms that sources told RFA sounded too good to be true.The Lao economy is struggling with rampant inflation,…

Read More

Thailand’s inflation could reach 5.9% – the highest for 24 years

Thailand’s inflation for this year is projected to rise from 4.9% to 5.9%, which would be the highest in 24 years. It may peak at 7% during the third quarter, before it starts to fall, in line with increasing domestic output and a global economic slowd…

Read More