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Panel mulls online food delivery fee revamp


Panel mulls online food delivery fee revamp
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Eateries, vendors decry commissions
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Food delivery bikes line up in front of a mall in the Ratchaprasong-Siam area. (Photo by Apichart Jinakul)
The government is setting up a working panel to study an appropriate structure for the gross profit (GP) or commission fee applied to food vendors by online food delivery platforms to prevent operators from profiteering.
Online food orders have surged during the pandemic.
Wattanasak Sur-iam, director-general of the Internal Trade Department, said Commerce Minister Jurin Laksanawisit recently ordered the department to study the GP structure after many small and medium-sized restaurants and food vendors complained about exorbitant fees. ....

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Korean Air wins Thailand's approval for Asiana acquisition


Korean Air wins Thailand’s approval for Asiana acquisition
Photo by: Korean Air/Facebook
Tuesday, June 1, 2021 8:44 AM UTC
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Korean Air, the biggest airline in South Korea, revealed on Monday, May 31, that it has earned another approval from two more countries over its acquisition of Asiana Airlines, a smaller local carrier. This means that it is getting closer to full take over of its former rival.
Approvals needed for the acquisition deal to go ahead
Yonhap News Agency reported that Korean Air did not only receive approval from Thailand’s watchdog but also from the Philippines. The two countries are the latest to greenlight the acquisition of Asiana Air, following Turkey that issued its approval in February. ....

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Biden tax plan keeps lid on equity enthusiasm


Biden tax plan keeps lid on equity enthusiasm
published :
24 Apr 2021 at 04:00
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Recap: Global shares steadied yesterday around 1% below record highs reached earlier in the week week after US President Joe Biden announced a plan to raise taxes on the wealthy. European shares were mixed as a surge in global coronavirus cases offset optimism about a strong earnings season.
The SET index moved in a range of 1,550.62 and 1,587.95 points this week before closing yesterday at 1,553.59, up 0.3% from the previous week, in daily turnover averaging 90.02 billion baht.
Retail investors were net buyers of 10.17 billion baht and brokerage firms bought 838.09 million baht. Foreign investors were net sellers of 8.71 billion baht and institutional investors sold 2.29 billion baht worth of shares. ....

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