Financially-strapped Thai Airways International (THAI) is seeking 50 billion Baht worth of capital from both the government and private financial institutions to boost its liquidity, so the struggling airline will…
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Financially-strapped Thai Airways International (THAI) is seeking 50 billion Baht worth of capital from both the government and private financial institutions to boost its liquidity, so the struggling airline will…
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About 3,000 restaurants in Thailand have applied for loans over the past week, under a new scheme co-initiated by the Commerce Ministry and five state financial institutions, to help struggling…
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About eight million Thais registered for the third phase of the 50:50 co-payment stimulus scheme in just 50 minutes, after applications opened at 6am today (Monday), causing a brief disruption…
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The Bank of Thailand has instructed commercial banks to extend, until the end of the year, debt repayment periods for small and medium-sized enterprises, to help them cope with the…
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Thailand’s consumer confidence index (CCI) for the month of May plunged to its lowest point in 22 years and eight months, due to impacts from the third wave of the…
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The launch of Thailand’s mass vaccination program on June 7 has sparked hope that the country can reopen for tourists and resume normal business activities. But uncertainty remains. The third…
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China’s exports rose 27.9 percent in May while imports grew at the fastest pace in more than a decade as the global economy powers back from the pandemic crisis, data…
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About 20,000 small and medium sized enterprises (SMEs), mostly in the tourism sector, closed down during the first quarter of this year, due to the impacts of the COVID-19 pandemic….
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The government launched its latest stimulus package on June 1 in a bid to shore up the economy and aid those impacted by Thailand’s third wave of COVID-19. Worth Bt140.4…
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There are hundreds of business startups in various industries in Thailand, with 235 currently listed in the directory of Techsauce, the leading site for tech and business news in Southeast…
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The Thai cabinet approved four economic stimulus schemes today (Tuesday), aimed at easing the cost of living burden of about 51 million Thais and stimulating the COVID-beset economy for the…
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The third wave of Covid-19 continues to dampen the housing market and leads to changes in the type of property sought Just when Thais thought the “Work From Home” lifestyle…
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Covid-19 will forever change the restaurant business as many eateries are forced to close. The current wave of the pandemic is expected to wipe out hundreds of struggling restaurants following…
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App-based food delivery services have agreed to cut their gross profit share (GP), normally charged to eateries at 30-35%percent, to 25%, while eateries also agreed to lower food prices by…
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Thailand’s exports this year are projected to increase by 7% year on year, thanks to the gradual economic recoveries in Europe and the US, following mass vaccinations to contain the…
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Critics say the 2022 budget bill scheduled for debate in Parliament next week has several flaws, ranging from the size of total spending to how it is allocated. The 2022…
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Thailand’s over-a-decade long online lottery saga, pitting Loxley Public Company against the Government Lottery Office (GLO), came to an end today when the Supreme Administrative Court ordered the GLO to…
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It used to be hard to imagine the word “quarantine” would come up in conversations about travel. That was until 2020, when “quarantine” and “isolation” became familiar to most people,…
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India’s giant Tata Steel has announced that it will keep paying salaries to the families of employees who die of COVID-19, until the deceased employee would have been 60 years…
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Controversy has erupted over the government’s move to borrow another huge sum to aid recovery from the virus crisis. The government opted for an emergency decree to sanction an extra…
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The Thai Real Estate Association and related agencies are discussing ways to control the spread of COVID-19 among construction workers, amidst rising concerns that it could delay construction of many…
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Thailand’s household debt increased 3.9% to 14.02 trillion baht in the fourth quarter of last year, representing 89.3% of gross domestic product (GDP), said Mr. Danucha Pichayanan, secretary-general of the…
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E-commerce support, logistics and Fintech startups have the potential to expand to the regional level, said leading tech media “Techsauce” today (Thursday). “E-commerce in Thailand has been dominated by big…
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Thai Airways International (THAI)’s restructuring plan was approved by creditors yesterday (Wednesday), holding 91.56% of the carrier’s combined debts. The airline’s creditors, who met via video conference, after the postponement…
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Thailand’s economic outlook is bleak, with the daily COVID-19 caseload hitting four figures following mid-April’s Songkran holiday. The economy shrank 2.6 percent year on year in the first quarter, according…
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Thai politicians and academics are showing a growing interest in China’s experience in poverty reduction. Leaders of the ruling Palang Pracharath Party recently met with their Chinese Communist Party (CCP)…
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The Airlines Association of Thailand (AAT) today called on the government to speed up the injection of funding, in the form of soft loans, to seven Thai airlines and to…
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Dissatisfaction with politics may be the main reason Thais are joining the campaign to “migrate to another country”, but dismay at Thailand’s economy can’t be far behind. Under the impact…
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The unprecedented task of pulling Thailand out of its COVID-induced economic crisis rests on the shoulders of just three men. And there are signs that Prime Minister Prayut Chan-o-cha, his…
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Although the third wave of COVID-19 has hit Thailand hard, key decision-makers are still keen to launch the “Phuket Sandbox” on July 1. The sandbox will trial Thailand’s reopening by…
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The combination of a new wave of COVID-19 and delayed vaccination is set to wreak more damage on Thailand’s economy, with people’s incomes falling further and business risks rising. Slow…
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Thailand’s economic growth rate projection for this year is expected to shrink from to 1.6%, from 2.8%, due to the third wave of the COVID-19 pandemic, according to the latest…
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The Thai cabinet, today (Tuesday), approved the Finance Ministry’s proposal to extend the “Rao Chana” economic stimulus scheme until end of June for 33.5 million Thais, including 2.4 million new…
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Canada’s finance minister announced Can$101.4 billion (US$80.9 billion) in spending to help its battered economy recover from the pandemic and set a greener course with a new climate target. The…
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About six million Thais have been rendered jobless, since the COVID-19 pandemic struck Thailand early last year, and 1.3 million university and college graduates are unlikely to find jobs or…
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Thailand’s new wave of COVID-19 infections has raised the economic risk level, but a clear picture of the impact will only emerge after the Songkran break. The Thai economy contracted…
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2020 has been an unprecedented year for every industry around the world, with over-stressed health systems and heighten economic stress, which makes the hiring market challenging, including in Thailand. The…
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The Thai justice system has been hit by a fresh scandal following allegations that bribes were paid to judges for a court ruling in favour of Toyota Motor Thailand Co…
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COVID-19 has dealt a double blow to Thailand’s finances, reducing tax revenue while increasing the amount of money the government must spend to keep the economy afloat. The Cabinet recently…
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A group of foreign tourists, mostly German, arrived on Thailand’s popular resort island of Phuket on Saturday. They are the first in more than a year. They are here under…
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Proponents of cryptocurrency are celebrating after the Securities and Exchange Commission (SEC) reached a conclusion on how to regulate trading of the asset in Thailand. “Very glad to see this…
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A landmark ruling last month by the Constitutional Court has handed the Thai government a lifeline in its three-decade-old battle over the multibillion-baht Hopewell saga. On March 17, the court overturned…
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Thailand’s Finance Ministry announced the end of the two phases of the populist co-payment scheme on March 31st, with total spending amounting to 102.065 billion baht, 52.2 billion by consumers…
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As more people and businesses invest in digital currencies, the Bank of Thailand (BOT) faces the delicate task of trying to balance financial stability and investor protection on the one…
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Foreign tourists who carry a COVID-19 vaccine passport will be able to enjoy Phuket’s blue seas and white sands without having to undergo quarantine, provided the Thai government approves the…
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Tour bus operators on Thailand’s resort island of Phuket are asking for help from the provincial administration after being sued for missing their lease repayments, with some facing bankruptcy, due…
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Thailand’s Finance Ministry is working on the third phase of the 50:50 co-payment scheme, which is expected to be launched in May, to boost domestic consumption. Kulaya Tantitemit, director of…
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The cabinet approved financial measures today (Tuesday), worth 350 billion baht, to help financially-troubled businesses overcome the impacts of the COVID-19 pandemic. The financial package includes 250 billion baht in…
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Mango orchard owners in Thailand’s northern province of Phitsanuloke are seeking help from the provincial administration to promote the sale of their sweet fruit, particularly Barracuda Mango variety. They complain…
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A merger that could essentially wipe out mom-and-pop stores in Thailand has sparked a public outcry leading to legal action. Consumer groups led by the Foundation for Consumers on March 15 filed…
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Once a prosperous airline and national pride, Thai Airways International (THAI) is now struggling to clear a mountain of debt during the global aviation industry’s darkest days. The national flag…
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Political stability has a key influence over a country’s economic performance both in the short and the long term. In Thailand, anti-establishment protests that kicked off last year are rocking…
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The OECD sharply raised its 2021 global growth forecast on Tuesday as the deployment of vaccines and a huge US stimulus programme have greatly improved economic prospects. The Paris-based Organisation…
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According to the Thai Rice Exporters Association, the country exported 5.72 million tonnes of rice in 2020, which is a 24.5% decrease year on year. The export value was 115…
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Thailand’s Tourism and Sports Minister Phiphat Ratchakitprakarn is scheduled to meet with representatives of hotels and other tourism-related businesses on Thailand’s famous resort island of Phuket on Wednesday, to discuss…
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Singapore Airlines will begin trialling a coronavirus digital travel pass developed by aviation’s industry body next week, the carrier said Monday, the first airline to pilot the scheme as the pandemic-hit…
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Thailand ranked 3rd in ASEAN, 9th among 40 Asia-pacific countries and 42nd in the World on the most recent on Economic Freedom index. Singapore tops the list for the second…
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Business leaders and academics insist solving Thailand’s economic crisis must be the top priority in the upcoming Cabinet reshuffle. “The new ministers should also be highly competent and capable of…
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A group of leading tour operators and hoteliers in Thailand has launched a campaign to reopen the country on July 1, 2021. They say vaccines are a game changer that…
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After two postponements, Thai Airways International submitted its rehabilitation plan to the Legal Execution Department officials today (Tuesday), under which the debt-ridden national flag carrier plans to slash staff expenses…
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Marijuana could generate up to Bt8 billion for Thailand’s pharmaceutical industry over the next five years, but farmers stand to make little from growing the herb, experts say. Last year,…
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Half of Thai consumers decide to put off buying and selling property for the time being. The governments of many ASEAN countries have taken measures to stimulate their economies over…
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THAI airways is selling its Laksi training center building, in the Bangkhen district of Bangkok, its Nok-Air shares, its Bangkok Aviation Fuel Services (BAFS) shares and Boeing 737- 400 engines,…
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Legal challenges await the Revenue Department’s plan to collect value-added tax (VAT) from cross-border e-services for the first time in Thailand, given the threat of counter measures from the US…
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The Government Pharmaceutical Organization (GPO) is to buy grade-A dried cannabis flowers from community enterprises at 45,000 THB per kilogram. The Plao-Ploen herbal development center in BuriRam province is the…
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A “vaccine passport” has emerged as the best hope for Thai tourism businesses devastated by COVID-19. The passport, which could exempt inoculated tourists from the mandatory 14-day quarantine, might help…
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The state-owned Government Savings Bank (GSB) has set aside a 10 billion baht fund for lending to small and medium-sized entrepreneurs engaged in tourism and tourism-related businesses, to help them…
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Thailand’s pandemic-shattered economy suffered its worst full-year performance in more than two decades, data showed Monday, with officials citing the toll of both a gutted tourism industry and ongoing political…
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The soaring price of Bitcoin is making headlines around the globe following news that electric-car maker Tesla, one of the world’s largest auto firms by market valuation, has invested $1.5…
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Public Debt Management Office (PDMO) chief Patricia Mongkhonvanit on Wednesday encouraged people to purchase newly issued government savings bonds worth Bt8 billion. The Bt8 billion issuance is part of Bt55…
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A total of Bt210 billion is being pumped into Thailand’s latest COVID-19 relief effort, but experts say needy Thais could fall through cracks in the scheme. The Rao Chana (We…
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Prime Minister Prayuth Chan-o-cha admitted today (Wednesday) that neither the government nor the Bangkok Metropolitan Administration (BMA) can shoulder the financial burden of prolonging the freeze on fares on the…
Read MoreMore than 5.7 million people, out of about 10 million who registered to receive 7,000 baht each under the Rao Chana stimulus scheme, have passed the screening process and will…
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The government has declared Chinese New Year’s day, which falls on Friday February 12th, a special public holiday and Prime Minister Prayut Chan-o-cha is encouraging Thai people, not just those…
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Thai and other foreign companies are expected to delay their investments in Myanmar following a military coup that threatens Thai border trade and migrant labour. Myanmar’s military seized power on…
Read MoreThe private sector on Phuket has joined forces to push for a self-funded vaccination program, to inoculate up to 70% of its population, in the hope that the resort island…
Read MoreThe Ministry of Tourism and Sports is considering plans to attract foreign tourists back to Thailand, and may allow vaccinated foreigners to enter the country without the need for 14…
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Asian and European markets suffered more losses Friday, capping a painful week for global equities that has been characterised by fears over surging infections and stuttering vaccine rollouts. Traders have…
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Asian markets suffered further losses Thursday, tracking a rout in New York and Europe as markets were hit by a perfect storm of worries about the slow rollout of vaccines,…
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Thailand’s cabinet decided today to cut the employee contribution to the Social Security Fund from 3% to 0.5% of their salaries for February and March, but to retain employer and…
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It is estimated that 6.69 million foreign travellers visited Thailand in 2020, an 83% decrease from 2019. The visitors generated revenue of around 300 billion baht, an 80% decrease from…
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Asian markets sank into the red Tuesday following the previous day’s healthy run-up, with sentiment jolted by the prospect that Joe Biden’s huge stimulus could be watered down and not…
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Restrictions imposed in the eight eastern provinces of Thailand since mid-December, to prevent the spread of COVID-19, are expected to be eased as the situation there gradually improves. Deputy Public…
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Business and government leaders currently see the loss of life from Covid-19 and related economic effects as the world’s greatest short-term threats, said the World Economic Forum. The group which…
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Most markets fell Monday as investors took a breather following a recent rally, though Hong Kong and Shanghai enjoyed gains after data showed China’s economy grew more than expected last…
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Thailand’s opposition Pheu Thai Party has voiced disagreement with the government’s plan to provide cash giveaways of 3,500 baht a month for two months to people affected by COVID-19, noting…
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Global stocks were mixed Wednesday after Wall Street rebounded, shrugging off uncertainty about a possible new attempt to impeach President Donald Trump over last week’s attack on the U.S. Capitol….
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Thailand’s cabinet has resolved to launch a set of urgent relief measures, to help the public and SMEs, by boosting liquidity, increasing benefits for the unemployed and reducing the cost…
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COVID-19 can be blamed for pushing Thai household debt to its highest level in 12 years, around 480,000 baht per household, said The University of the Thai Chamber of Commerce…
Read MoreThailand’s Tourism Council is calling for the government to help revive the industry urgently, grant long-term debt moratoria, and cut power bills for a year. Vice president of the council,…
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China’s custom authorities are imposing more stringent COVID-19 testing measures on imports, and there has been a big impact on Thai produce as some Chinese companies have not yet placed…
Read MorePeople who missed out on the second phase of the 50:50 co-payment scheme, due to technical problems, can register again this week, said Kulaya Tantitemit, spokesperson for the Finance Ministry…
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Many British businesses are swiftly discovering that they must now pay duties on exports bound for the European Union, despite the breakthrough Brexit free trade deal clinched over Christmas. The…
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Thailand’s second COVID-19 outbreak, which originated in the coastal province of Samut Sakhon on December 19th, may cause economic damage estimated at about 45 billion baht in just one month,…
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Singapore’s economy suffered its worst ever annual contraction in 2020 as the coronavirus pandemic hammered the city-state’s vital trade and tourism sectors, official data showed Monday. But the 5.8 percent…
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Thailand’s former finance minister Korn Chatikavanij has urged the government to make quick use of all available resources, particularly the 600 billion baht residue of two loans, to ease the…
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Thailand is expected to lose about 5.85 billion baht in anticipated revenue during the New Year holidays due to the new outbreak of Covid-19. However, the government has come up…
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Whether in Paris, Kuala Lumpur or California, gig economy workers fear they can no longer survive on meagre earnings from jobs that leave them increasingly vulnerable. The term “gig” stretches…
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Asian markets mostly rose Tuesday following a record-breaking lead from Wall Street, as investors cheered the passage of a huge US stimulus bill which has helped temper fears about surging…
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The pandemic has disrupted the way we shop. Little wonder then that retailers and shoppers are adapting to the new world of click and buy Time flies. It’s already December…
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