Steady boost of Chinese and Filipino Expats in Thailand
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 vows targeted repayment assistance for MY businesses and homes
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.
Thai Government vows strong support for the domestic MICE industry
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.
Health Risky Funds: Malversation of the budget to the People
Charges against Secretary Francisco Duque III were almost up. Financial anomalies had been discovered whilst he was the Chairman of the Department of Health of the Philippines. Billions of funds released to PhilHealth (Philippine Health Insurance Corporation). Oddly, the multi-agency task force did not file charges against Duque. Philippines President, Rodrigo Duterte himself revoked the recommendations.
