Economy

Thailand’s government’s covid-19 watchdog has overruled the Civil Aviation Authorities plans to reopen the Phuket International airport on Saturday. The unexpected move came less than 24 hours before the Phuket airport was due to begin welcoming the first inbound flights. The Civil Aviation Authority of Thailand on Thursday gave the airport clearance to resume operating. The Phuket International airport had …

Those donating to shared food pantries had to be more careful. Especially managing the situation better so that they are not hit in a similar manner. Video clips are popping up on Twitter and Facebook of people selfishly pillaging food pantries throughout Thailand. Over the past few days, numerous online posts reported cases of the donations being looted from food pantries. Many …

Laos in partnership with China has submitted plans to to the Mekong River Commission (MRC) to build yet another new hydropower dam on the Mekong River. Construction is expected to start later this year, the Mekong River Commission (MRC) said on Monday. The Sanakham dam hydropower plant, with an estimated cost of US$2.073 billion, will be developed by Datang Sanakham …

“A community pantry has no ownership. Once it is set up, it belongs to that community,” “None of the items belong to us once we put them in the pantry.” Please don’t be greedy.. As “Community pantries” continue to rise in Thailand some Thai netizens Thai are asking whether it is worth donating food. The netizens comments come after another …

In a bid to ease debt-repayment burden on borrowers as well as minimise the number of non-performing loans, the central bank has come up with a new method of calculating interest.  This new method of calculating interest charged on overdue debt was enforced on May 1, Thanyanit Niyomkarn, the Bangkok of Thailand’s assistant governor, said on Friday (May 8).  She …

HANOI – According to the Central Bank, The Vietnamese Dong currency may likely get hit due to a weaker foreign direct investment inflow forecast caused by the Covid-19 pandemic. Fitch Solutions experts predicted the currency to be at around VNĐ23,475 per US dollar this year and VNĐ23,650 in 2021 from the current rates of VNĐ23,309 to 1 USD. “We maintain …

To secure rice stocks, President Joko “Jokowi” Widodo has instructed to open new rice fields in Central Kalimantan. The target is that 900 thousand hectares (ha) of new rice fields will emerge. The plan was again discussed in a limited meeting that discussed foodstuffs today. There are already around 200 thousand hectares in Central Kalimantan ready to be used as …

Covid-19 pandemic has made the market deserted buyers. In fact, not a few markets also decided to close their operations. Especially since the government enacted the existence of Large-Scale Social Restrictions (PSBB) in a number of areas. To overcome this, Trade Minister Agus Suparmanto has asked traditional markets across the country to remain open to prevent sellers from incurring losses. …

It’s only when enough individuals become immune to the disease to stop transmission, either through a vaccine or direct contact, can COVID-19’s danger to lives and livelihoods solve fully. Before then, policymakers seeking to revive their economies will have public-health programs powerful enough to identify and respond to incidents. But it’s a different face since Malaysia’s economy in 2020 could …

State-owned electricity firm PLN has announced its intention to supply Micro, Small and Medium Enterprises (MSME) on 450-volt ampere (VA) contracts with six months of free electricity as part of the government’s latest expansion of social aid. According to PT PLN (Persero) president director Zulkifli Zaini, the company has started gathering data of around 500,000 pre-paid customers from small businesses …