The Hanoitimes – As the Chinese yuan (CNY) is expected to continue sliding, the Vietnamese dong (VND) could in turn see it value lost by a further 0.5-1 percent toward the year end, requiring the central bank to be more flexible with its FX policy. The weakness of the Chinese currency seen in the past months […]
Read MoreCommerce Minister Sontirat Sontijirawong has urged commerce attaches to prepare for a global trade war, which he said is likely to intensify next year. “It [trade war] will be more intense next year, and we must assess its impact on the country,” said Mr Sontirat to the directors of the Office of Commercial Affairs for […]
Read MoreWhile the suspension of the increase in the excise tax on oil will immediately be felt by consumers in terms of lower prices of fuel, spending on some non-infrastructure projects, such as subsidies given to marginalized sectors, might have to be sacrificed. Government will consider slashing non-infrastructure spending due to the P41-billion foregone revenue that […]
Read MoreDespite the relaxation of regulations for foreign investors to enter the fuel import and distribution business in Myanmar, no new companies have entered the market over the last year, said U Thant Sin, vice chair of Supervisory Committee for Petroleum and Petroleum Product Enterprises at a press conference on October 11. Previously, the Ministry of […]
Read MoreThe government’s policies aimed at reducing imports have had little affect on the trade balance with the country booking only a meager trade surplus, Statistics Indonesia (BPS) statistics distribution and service deputy head Yunita Rusanti said in Jakarta on Monday. Speaking at a press conference, Yunita said Indonesia had recorded a trade surplus of US$230 […]
Read MoreLocal banks will benefit from the impending move by the Monetary Authority of Singapore (MAS) to bar larger electronic wallet operators from lending their wallet funds, according to Moody’s, a credit ratings agency. The legal requirements that MAS is seeking to impose are “credit positive” for deposit-taking banks, including OCBC Bank, United Overseas Bank and DBS […]
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Thailand
