The Asian financial crisis in 1997 plunged many ASEAN countries into recession. The crisis dragged down the Indonesian rupiah, the Thai baht, the Malaysian ringgit and other currencies. Even the Hong Kong dollar came under enormous pressure, though the city managed to prevent a devaluation because it had more than US$80 billion in foreign reserves. […]
Read MoreMANILA, Philippines – The government is looking at implementing its tax amnesty scheme through an executive order from the President, Department of Finance (DOF) chief Carlos Dominguez said. “We’ll see if we can do it with an EO,” Dominguez said on the sidelines of a joint press briefing of ASEAN finance ministers and central bank […]
Read MoreClose to half a million people were unemployed last month, up 99,000 or 1.3% in the same period last year, which is spurring the government to offer skills training for jobless workers. A total of 496,000 people were jobless last month, a jump of 66,000 from February, according to the National Statistical Office (NSO). The […]
Read MoreThe government is hopeful that the new Customs Act will help improve the country’s ease of doing business ranking by the World Bank, says Kan Trakulhoon, chairman of the Pracha Rat public-private collaborative initiative. Mr Kan said the public and private sectors have worked together for a year to amend and update the Customs Act […]
Read MoreInternational Finance Corporation (IFC), a member of the World Bank Group, and the Securities and Exchange Commission of Myanmar (SECM) signed a memorandum of understanding (MoU) in March to strengthen corporate governance regulatory standards and practices in Myanmar. In its press statement, the IFC said that a better regulated market will bolster investor confidence and […]
Read MoreKrungsri combines its fully-integrated financial expertise in Thailand with Mitsubishi UFJ Financial Group (MUFG), one of the largest international financial institutions in the world, with networks in more than 50 countries around the world, in order to support Thai entrepreneurs with a wide range of financial services and business opportunities. These include business matching activities, […]
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Thailand
