A senior Lao government official has warned that unregistered currency exchange services that violate currency regulations must be punished. A number of foreign currency exchange services in Laos are openly flouting regulations, exacerbating the fluctuation of exchange rates, Vice President of Lao National Chamber of Commerce and Industry (LNCCI,) Ms Valy Vetsaphong said during a consultative meeting […]
Read MoreSINGAPORE has cut its official growth forecast for the second quarter running, on a flat economic performance in the first half of the year. The gross domestic product (GDP) is likely to come in between zero growth and 1 per cent for the full year, the Ministry of Trade and Industry (MTI) said early on […]
Read MoreThe Digital Economy Promotion Agency (Depa) plans to offer a 200% tax deduction for the purchase of smart devices, digital services, robotics and Internet of Things (IoT) devices by small and medium-sized enterprises (SMEs), in addition to software, starting next year. From 2017 to this year, SMEs have been entitled to tax deductions of up to […]
Read MoreMANILA, Philippines — The Philippines’ economic growth would likely remain under pressure from both external and domestic factors after a disappointing performance in the first half, according to DBS Bank of Singapore. DBS economist Maysita Crystallin said the delayed passage of the 2019 national budget has affected government infrastructure spending on the domestic side, while […]
Read MoreKUALA LUMPUR: Consumer confidence of Malaysians dipped in the second quarter (2Q19) but they are still the tenth most confident globally, according to the Conference Board Global Consumer Confidence Survey. The survey, which is produced in collaboration with Nielsen, has ranked Malaysia 10th globally on the Consumer Confidence Index (CCI), with an index score of […]
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Thailand
