MANILA, Philippines – The national government’s fiscal deficit widened in the first half due to lower than expected revenue during the period, the Bureau of the Treasury (BTr) reported yesterday. According to the latest cash operations report of the Treasury, the budget deficit in the first semester rose 28 percent to P154.5 billion from the […]
Read MoreSINGAPORE (BLOOMBERG) – Alibaba Group Holding is in talks to make a major investment in Indonesia’s PT Tokopedia, people familiar with the matter said, potentially scoring a second deal to accelerate its expansion into Southeast Asia’s largest economy. The Chinese company is in negotiations to lead a funding round in Indonesia’s largest online marketplace of […]
Read MoreSINGAPORE – More than 8,300 local small and medium-sized enterprises (SMEs) are expected to benefit from a slew of projects led by trade associations and chambers (TACs) in the year since May 2016. The projects focus on areas such as productivity improvements, access to markets, digitalisation and technology adoption, said Spring Singapore and International Enterprise Singapore. Altogether, […]
Read MoreEconomic 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 […]
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Thailand
