WASHINGTON: Huge global capital flows and prolonged ultra-low interest rate policies of advanced nations have made it harder for emerging economies to protect their financial system, Bank of Thailand Governor Veerathai Santiprabhob said on Sunday. Given a surge in the past decade of capital flows driven by global investors seeking “speculative returns,” emerging economies have […]
Read MoreMANILA, Philippines — The Department of Finance (DOF) has welcomed the proposal of Albay Rep. and House ways and means committee chairman Joey Salceda to impose a new tax scheme for the mining sector, which would be used to create a sovereign wealth fund for the benefit of future generations. In an interview, Finance Secretary […]
Read MoreMyanmar saw a shrinking of its trade deficit to US$1.1 billion in fiscal 2018-19, the first time in six years that exports grew faster than imports. “The trade deficit for 2018-19 declined substantially due to higher export volumes and a dip in imports compared to last year,” said U Khin Maung Lwin, assistant secretary at […]
Read MoreU Thaung Tun, Union Minister for Investment and Foreign Economic Relations, is expecting foreign direct investments in the offshore oil and gas industry to increase in 2020, once proposals for exploration and production are received, evaluated and approved. At the 30th regular meeting of the Private Sector Development Committee with Myanmar entrepreneurs on October 19, […]
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