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No shift of foreign investment from Thailand to neighbours

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The Federation of Thai Industries (FTI) affirms that it sees no sign of a shift of investment by foreign investors from Thailand to its neighbouring countries.

Speaking after meeting with FTI chairman Payungsak Chartsutipol and his delegation, Deputy Prime Minister Trairong Suwannakiri said that despite the recent political riot, the FTI has seen no sign until now of foreign intentions to shift investment from Thailand to its neighbours.

The FTI also assured him that it would help the government clarify what happened in the recent policy turmoil to boost understanding among foreign investors.

Many believed the clarification made by the FTI would more reliable than that made directly by the government, Mr Trairong said.

Regarding the FTI's proposed establishment of a Thailand Rehabilitation Fund initiated with Bt10 billion, Mr Trairong said details of the proposal remained unclear and must first be approved by the Joint Private-Sector Committee.

via FTI: No shift of investment from Thailand to neighbours.

Tech

Global fashion e-tailer Shein launches new hub in Singapore

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Shein has websites for Singapore, Indonesia, Thailand, Vietnam, and the Philippines and has plans to create a standalone website for Malaysia too.

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Singapore

How Businesses in Singapore can Reduce Overhead Costs During the Pandemic

The government is expected to draw on S$53.7 billion (US$40 billion) from its reserves for this year and an additional S24 billion (US$17.8 billion) over the next three years to assist local companies transition into a post-pandemic business environment.

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How Businesses in Singapore can Reduce Overhead Costs During the Pandemic

Singapore’s government has provided an array of fiscal and non-fiscal incentives to help businesses reduce their overhead costs during the pandemic.

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