THAILAND can draw on the lessons learnt from the 1997 Asian financial crisis to cope with any upheavals that may emerge in the global economy, Bank of Thailand (BOT) governor Veerathai Santiprabhob said. Veerathai made the comment as he described the Thai economy as having sufficient stability to cope with external pressures. “Although the Thai […]
Read MoreStarting yesterday, the price of regular gasoline in the Kingdom is 3,950 riel ($0.97) per litre, amounting to a reduction of 200 riel per litre following a series of tax cuts announced last month by Prime Minister Hun Sen as well as price reductions implemented by local gas stations. The price of diesel also went […]
Read MorePETALING JAYA: Countries like Malaysia could face the risk of a contagion effect from emerging market (EM) crisis due to the high level of debt despite not operating under the environment of “twin deficit”. AmBank Group chief economist Dr Anthony Dass said on Monday the risk of a contagion effect was premised on the country’s […]
Read MoreThe Central Statistics Agency (BPS) announced Monday that the inflation rate was recorded at 0.59 percent, which is considered a low rate, during the Ramadhan and Idul Fitri holiday season. The figure is higher than the 0.21 percent inflation recorded in May. Year-to-date inflation was recorded at 1.90 percent and year-on-year inflation at 3.12 percent. “This 3.12 percent […]
Read MoreMANILA, Philippines — Vehicle manufacturers have cut production by over a third as the Philippines slid to being the second worst performer in Southeast Asia in the first four months of the year. Latest data from the ASEAN Automotive Federation showed the country posted the second largest drop in vehicle sales among eight economies in […]
Read MoreThe land and buildings tax set for Jan 1, 2019 is likely to be enforced behind schedule because of the time-consuming approval process, says an informed source at the Finance Ministry. Even in the best-case scenario that the National Legislative Assembly (NLA) passes the second and third readings in July, plus two months awaiting publication […]
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