The Commerce Ministry has lowered its annual inflation forecast to a range of 0.7-1.3% this year from 0.7-1.7% because of lower energy prices, a stronger baht and dim export prospects. According to Pimchanok Vonkorpon, director-general of the Trade Policy and Strategy Office under the Commerce Ministry, the new forecast was made on the assumption that […]
Read MoreThe contribution of the food and beverage (F&B) sector to gross domestic product (GDP) increased steadily over the past four years in spite of the decrease last year, the Indonesian Food and Beverage Producers Association (GAPMMI) has said. “The F&B sector’s contribution to GDP increased to 6.25 percent last year from 6.14 percent in 2017, 5.97 […]
Read MoreMANILA, Philippines — The Bangko Sentral ng Pilipinas (BSP) said the economy likely grew by about six percent in the second quarter after easing to a four-year low of 5.6 percent in the first quarter. BSP Deputy Governor Diwa Guinigundo told reporters on the sidelines of the 2019 pre-State of the Nation Address (SONA) economic […]
Read MorePrime Minister Thongloun Sisoulith has called for the business sector to get more involved in rural development and poverty reduction to help achieve its development goals. Speaking at a gathering arranged to push for more national patriotic and development activities in the capital on Friday, the PM highlighted the significant role of private enterprises to […]
Read MoreThe Hanoitimes – It is good for Vietnam to get foreign investment in its fintech sector as support in technology, experience and capital from global major foreign financial groups will help local firms further develop. A Vietnamese central bank’s proposal to limit foreign ownership in the country’s fintech sector might prevent local firms from calling for […]
Read MoreThe Excise Department is about to require that local beer brewers adopt electronic stamp duty in October, aiming to fix a tax leakage problem as beer tax revenue continues to fall short of target. The department believes that e-stamp duty will help prevent tax avoidance and thwart local sales of beers produced for export, as […]
Read More
Thailand
