Thailand’s dominant expatriate nationality is Japanese. Currently Japanese make up 18% of expatriates in Thailand (28,560 as of Q3 2020). However, the Japanese expatriate numbers are decreasing. According to research by leading international property consultant, CBRE, Chinese expatriate numbers are rising. The rise due in part to China shifting some of its manufacturing overseas. The same research also indicates a steady rise in Filipino expatriates as well. The increase is in-line with the demand growth for English teachers in the Kingdom.
BNM assured its commitment of assistance to business and household in debt. The announcement came on the last day of the automatic moratorium. The moratorium ended yesterday, 30th September. These include a targeted extension of the moratorium, as well as repayment flexibilities to help borrowers based on their specific financial situation. This targeted assistance approach ensures that more resources are available to assist those who are vulnerable. It also enables the banking sector to better support the broader economy through continued lending.
If we want to cut red tape, we need to put more teeth in the anti-red tape law and augment Anti-Red Tape Authority‘s (ARTA) budget, not create another law.
Tenaga Nasional Berhad (TNB), through its renewable energy retail arm, GSPARX Sdn Bhd (“GSPARX”) has inked an agreement with Malaysia Airlines Berhad (MAB). The agreement is to install solar panels on four of MAB’s buildings at Kuala Lumpur International Airport (KLIA).
Learning about labor rights and responsibilities has been made more accessible online through the Labor and Employment Education Services (LEES) e-Learning Portal.
Bursa Malaysia Berhad received the title of ‘Best Stock Exchange for Islamic Listings’ by Islamic Finance News (“IFN”) at the recent 14th Annual IFN Services Providers Poll.
It was a show of the industry’s readiness for domestic MICE (meetings, incentives, conventions and exhibitions) post-COVID-19. Some 6,000 suppliers, entrepreneurs and prospective clients attended the full-day hybrid event “Thailand MICE United”. The event comprised a trade mart, a technology showcase, dialogue sessions, and the launch of two new MICE cities.
DTI Secretary announced that economic indicators in the country are now slowly improving. This improvement following the guidelines which eased quarantine restrictions and allowed reopening of some business sectors nationwide.
DBS has been recognised as the World’s Best Bank for the third year in a row, underscoring the bank’s growing presence among banking leaders worldwide. DBS’ latest global best bank accolade comes from the New York-based financial publication Global Finance, which named DBS’ Best Bank in the World’ for the second time in three years in its World’s Best Global Banks 2020 Awards.
The Court of Appeal today affirmed a 2017 Sessions Court conviction of former Executive Chairman and Director of Megan Media Holdings Berhad (Megan Media), Dato’ Dr. Hj. Mohd Adam bin Che Harun for furnishing false information to Bursa Malaysia in 2007.The panel judges comprising Datuk Seri Kamaludin Md. Said, Datuk Ravinthran Paramguru and Dato’ Indera Sofian bin Tan Sri Abd. Razak unanimously dismissed Dato’ Adam’s appeal and reinstated a jail sentence of 18 months and a fine of RM300,000.