JAKARTA: Indonesia’s central bank left its benchmark interest rate unchanged for a second month, while keeping the door open for more policy action if needed. After hiking by 175 basis points since May, Bank Indonesia kept its seven-day reverse repurchase rate at 6 percent on Thursday, as predicted by all 26 economists surveyed by Bloomberg. […]
Read MoreHANOI — Prime Minister Nguyen Xuan Phuc said the Government had agreed to pilot the use of mobile phone accounts to pay for goods and services. Speaking at a conference with the Ministry of Information and Communications on Tuesday, the Prime Minister asked units to begin the use of payments via mobile phone. “The government agrees to […]
Read MoreRestoring EU tariffs on Indica rice imports from Myanmar will have an impact on the production of only 60,000 to 100,000 tonnes of Indica rice, U Lu Maw Myint Maung, joint secretary of Myanmar Rice Federation, said. Myanmar currently benefits from the EU’s Everything But Arms (EBA) arrangement, part of the bloc’s Generalised Scheme of […]
Read MoreEmployers in Laos will be subject to legal action if authorities discover they are failing to pay their workers the minimum wage. The minimum wage was increased last year from 900,000 kip to 1.1 million kip a month for a standard eight-hour day, in a bid to keep pace with the rising cost of living. […]
Read MoreMANILA, Philippines — The government is seeking to liberalize the importation of sugar to push down the price of the commodity and improve the competitiveness of the country’s food export industry, the Department of Budget and Management (DBM) said yesterday. In his weekly press briefing, Budget Secretary Benjamin Diokno said the government wants to deregulate […]
Read MoreCompanies listed in the local bourse are entitled to a 50 percent deduction in income tax, according to a sub-decree issued earlier this month. Sub-decree No. 01 on Tax Incentives for the Securities Sector, which was signed by Prime Minister Hun Sen on Jan 4, also establishes exemptions of the withholding and value-added taxes, among […]
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Thailand
