Bank of Thailand governor Veerathai Santiprabhob raised the warning flag on cryptocurrencies, saying they are not legal tender, although regulation is not needed as only a handful of people use them. Some people believe digital currencies are legal tender, but no central bank in the world accepts them, he said. Central banks in the US […]
Read MoreTHE Competition Commission of Singapore has called for greater transparency in the retail petrol market to allow motorists to make more informed purchases. To foster a more competitive retail petrol market, the CCS said motorists should be able to make better comparison of the various petrol pricing schemes. The call for greater transparency came after […]
Read MoreThe Hanoitimes – Vietnam has been ranked at No 4 in term of value of both import and export in ASEAN region, just behind Singapore, Thailand and Malaysia, according to the World Trade Organization (WTO). According to the WTO, in 2006, Vietnam’s total export and import turnover ranked 50th and 44th in the world. In 2016, […]
Read MoreEconomic growth in Myanmar slowed in the 2016-17 fiscal year despite notable reforms and a healthy level of foreign investment commitments, according to the World Bank’s Myanmar Economic Monitor. Over the medium-term, growth may well continue to fall short of expectations as the Rakhine humanitarian crisis continues to unfold. The World Bank has lowered its […]
Read MoreEconomic managers on Tuesday welcomed President Rodrigo Durterte’s signing of Republic Act 10963 or the Tax Reform for Acceleration and Inclusion (Train) law, which they claimed would usher in “real positive change” in terms of the country’s development. Finance Secretary Carlos Dominguez 3rd described the law’s approval as a “sign of maturity” for the Philippine […]
Read MoreKUALA LUMPUR: The stamp duty for properties costing more than RM1mil will remain at 3% with effect from Jan 1, 2018, the Finance Ministry said. It said on Wednesday the government will not go ahead with the proposal to raise the stamp duty from 3% to 4% for these properties as announced in the Budget […]
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