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Thai Finance Minister Arkhom Termpittayapaisith (Photo: The Nation) Bangkok (VNA) - The Ministry of Finance will hold talks with the Bank of Thailand to discuss and delve into the factors behind the weakening baht, Minister of Finance Arkhom Termpittayapaisith has said. Arkhom said the depreciating currency has added to inflationary pressures thus necessitating an examination into whether the declining value of the baht is linked to the country's economic fundamentals or external factors including the fast-strengthening greenback, the Bangkok Post reported. The Bank of Thailand is in charge of monetary policy and there is not much the ministry can do to intervene, so the planned talk will be a joint analysis to see whether the baht is depreciating too fast and how its decline in value is affecting the economy, businesses and consumers, he added. He said the government has introduced a raft of measures to alleviate the impact of high energy prices to help businesses … [Read more...] about Thailand worries about weakening baht

Pfizer Inc Chief Executive Officer Albert Bourla said on Saturday he had tested positive for COVID-19. "I’m feeling well and symptom free," Bourla said in a statement. Bourla, 60, back in August had contacted COVID and had started a course of the company's oral COVID-19 antiviral treatment, Paxlovid. Paxlovid is an antiviral medication that is used to treat high-risk people, such as older patients. Bourla has received four doses of the COVID vaccine developed by Pfizer and its German partner BioNTech. The chief executive said he has not yet taken the new bivalent booster. Developed by Moderna and the team of Pfizer and BioNTech, the new so-called bivalent shots aim to tackle the BA.5 and BA.4 Omicron subvariants, which make up 84.8% and 1.8%, respectively, of all circulating variants in the United States, based on latest data. "I’ve not had the new bivalent booster yet, as I was following CDC guidelines to wait three months since my previous COVID case which was back in … [Read more...] about Pfizer CEO tests positive for COVID for a second time

Workers put out coffee beans to dry in a glass house in northern Son La Province — VNAVNS Photo Huu Quyet Vietnamese businesses must stay vigilant and do their homework to avoid trade and legal disputes in exporting to the UK to take full advantage of the United Kingdom-Vietnam Free Trade Agreement (UKVFTA), which officially went into effect last May, say industry experts and policymakers. The agreement was intended to provide both sides with the same trade benefits under the previously signed EU–Vietnam Free Trade Agreement (EVFTA ) as the United Kingdom has left the EU. UKVFTA aims to go even further than the EVFTA to boost trade between Viet Nam and the UK with 65 per cent of all tariffs having been removed so far. In the next six years, the agreement is to remove up to 99.2 per cent of all tariffs on Vietnamese exports, with the Southeast Asian country to remove 48.5 per cent of all tariffs on UK products in return. Early signs have shown a positive effect on bilateral … [Read more...] about Trade and legal disputes part of the game with UKVFTA

Nguyen Thai Hiep, who acted suspiciously while carrying the suitcase on Chu Van An Street in Binh Thanh District on Friday, was stopped by police. When inspecting his suitcase, authorities found 42 new iPhone 14s with original labels in foreign languages and no sub-labels in Vietnamese. He also failed to show the necessary papers to prove their origin. Authorities suspect him of smuggling the iPhones 14s, which were seized to aid the investigation. Earlier, many Vietnamese flocked to Singapore and Thailand, queuing in front of Apple Stores to buy the new iPhones. In Vietnam, iPhone 14 and iPhone 14 Plus can be ordered via some Apple's official distribution channels at the price of VND24.99 million ($1,054) and VND27.99 million, respectively, for the 128GB version. … [Read more...] about Saigon man suspected of smuggling 42 iPhones 14