MANILA, Philippines – International credit rating agency Fitch Ratings said the passage of the first package of the tax reform program shows the commitment of the Duterte administration to improve the country’s fiscal stability and support its ambitious public investment program. In a report titled “Philippine tax bill supports long-term fiscal priorities,” Fitch said the […]
Read More(KPL) Laos and Thailand have agreed to double bilateral trade and investment over the next five years from 2017-2021. The agreement was made at a bilateral meeting of the two governments between Deputy Prime Minister and Minister of Finance of Laos Somdy Douangdy and Thai Deputy Prime Minister Somkid Jatusripitak held in Vientiane Capital last […]
Read MoreThe government has plans to intensify reforms to boost growth and further attract foreign investments as it sees the economy taking off this year, said Union Minister U Kyaw Win of the Ministry of Planning and Finance. The new government – which took over in the late 2015 – has finished the transitional phase and […]
Read MoreWorld Economic Forum on ASEAN 2017 Key lessons from the World Economic Forum on ASEAN include tapping in the private sector when making infrastructure policies and decentralisation. The regional governments and private sector should be able to carry out small-scale infrastructure projects related to regional trade. The Myanmar Times asked Khin Maung Win about the […]
Read MoreThailand’s domestic car sales are expected to grow at a healthy rate of 10% this year to 845,000 units, driven by improving sentiment for consumption and a growing economy, says Inter-Media Consultant Co, the organiser of Thailand International Motor Expo. President Kwanchai Paphatphong said the local car market showed significant growth in the first four […]
Read MoreAgriculture, electronics, and food and drink have been hit hardest by the baht’s 6% year-to-date appreciation, according to Asia Plus Securities (ASP). Porranee Thongyen, ASP’s head of research, said the stronger than expected baht hurt exporters like Sri Trang Agro Industry Plc, which earns most of its income in US dollars and mostly baht-denominated expenses. […]
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