The Hanoitimes – Fitch analysts were upbeat about continued strong economic growth in Vietnam, which makes near-term stress unlikely and underpins their stable outlook for the banking sector. The State Bank of Vietnam’s decision to offer some banks forbearance on Basel II implementation highlights weak capitalization in the sector, with many banks in no position to […]
Read MoreThe use of free trade agreement (FTA) privileges and the Generalised System of Preferences (GSP) by Thai exporters dropped by 2.95% in the first 10 months of the year to US$60.3 billion. Keerati Rushchano, the department’s director-general, said lower values were in line with the overall export outlook, which was marred by weak global demand, […]
Read MoreMANILA, Philippines — The government settled P25.2 billion in debt last October as both interest payments and amortization declined year-on-year, according to the Bureau of the Treasury (BTr). According to the latest data from the Treasury, the national government’s debt payments dropped by 13.63 to P25.2 billion last October from P29.18 billion in the same […]
Read MoreThe Finance Ministry is poised to propose to the cabinet an assistance package for small and medium-sized enterprises (SMEs) and credit cardholders early next year as part of its effort to keep a lid on bad loans and help ease the liquidity squeeze. A working panel chaired by Finance Minister Uttama Savanayana plans to discuss […]
Read MoreU Kyaw Kyaw Maung, governor of the Central Bank of Myanmar (CBM) and his Thai counterpart Veerathai Santiprabhob, have signed a memorandum of understanding (MOU) to promote the use of the Myanmar kyat and Thai baht for trading at the border, according to an October 21 statement issued by the Bank of Thailand. The governors also […]
Read MoreThe Finance Ministry is in the process of writing up regulations for the implementation of tax deductions for research and development (R&D) and labor-intensive industries. The head of the state revenue department at the Finance Ministry’s Fiscal Policy Agency, Syarif Ibrahim, said in Jakarta on Tuesday that the ministry should carefully formulate the regulations to […]
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