Economic growth in Myanmar has slowed and the country’s fiscal and current account deficits have swelled over the past 2 years under the National League for Democracy government. But things are stabilising and the long term prospects look good, Sean Turnell, Senior Economic Advisor to the government, said at the MyanmarBanking & Payments Conference in Yangon on July 24. While growth […]
Read MoreCambodia’s central bank purchased a total of $479.4 million worth of cash during the first half of this year to convert to riel, utilising one of the few tools the National Bank of Cambodia (NBC) has to stabilise the value of the local currency and inject it into circulation, according to the regulator’s latest report. […]
Read MoreHANOI — Le Ha of Hanoi, who has been selling clothes on Facebook, is stressed and worried after receiving a message from tax authorities inviting her to come and declare her income. Ha is one of over 13,400 Facebook account holders in Hanoi who’ve been identified by the Hanoi Taxation Department as online traders. “I […]
Read MoreThe Kingdom’s financial sector continued to expand robustly during the first half of this year with outstanding loans and deposits increasing compared to the same period last year, reflecting sustainable development and growing public confidence in the sector, according to the latest report by the central bank. However, with enlarged growth the rate of non-performing […]
Read MoreKUALA LUMPUR: The Government is looking to establish a single regulatory body to regulate the property sector. The Second Finance Minister Datuk Seri Johari Abdul Ghani said that the issue of residential house prices being unaffordable is due to this. “All these happens because there is no one single regulatory body to supervise us. The […]
Read MoreGOLD traders from across the country debated how the industry should set up a gold exchange in a meeting held in Yangon last week. The gold industry and the government agreed, in principle, to establish a gold exchange under then-president U Thein Sein’s tenure. Over the last year, the National League for Democracy-led government and […]
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