JAKARTA: Indonesian exporters must keep their earnings in the country to support efforts by the government to rein in the current-account deficit and shield the rupiah, Finance Minister Sri Mulyani Indrawati said. While legislation protects the free movement of capital, authorities want to tighten some rules on exporters amid a rout in the currency, Indrawati […]
Read MoreSubdued inflation indicates that the first interest rate hike since 2011 is still distant, says Finance Minister Apisak Tantivorawong. If the interest rate is increased, the private sector should be able to adjust, he said, while the public and the government may shoulder a little more financial burden. It is the central bank’s duty to […]
Read MoreSay what you want about Asian families not showing outright affection, when it comes to family vacation, Asian travellers take twice as many family trips as their Western peers. The Agoda Family Travel Trends 2018 survey found that over 34% travellers took more than five family trips in the past year. Asia dominates this multi-holiday trend with […]
Read MoreMANILA, Philippines — Spiraling inflation is unlikely to become a big headache for most of the region’s central banks—except in the Philippines, where policymakers continue to wrestle with rising commodity prices that have been hitting the poor the most. Philippine inflation jumped to 6.4 percent in August, the highest level in almost a decade, as […]
Read MoreIN 2013, the government reduced the corporate income tax rate from 30 per cent to 20 per cent as a tax incentive for international companies to invest in Thailand. However, while the tax rate was reduced, the withholding tax rate remained the same. This has resulted in a greater demand for withholding tax refunds. Customers […]
Read MoreThe Fourth Industrial Revolution, or Industry 4.0, has posed both opportunities and challenges to Asean. Klaus Schwab, founder and executive chairman of the World Economic Forum, speaks to Viet Nam News about the pressures of the ongoing technological and scientific revolution. CAN YOU EXPLAIN MORE ABOUT THE REVOLUTION? WHY DO YOU CALL IT THE FOURTH […]
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