The Joint Standing Committee on Commerce, Industry and Banking (JSCCIB) has downgraded Thailand’s GDP growth outlook for 2019 a third time to 2.7-3% and cut the export projection to a 0-2% contraction amid the US-China trade war, Brexit woes and baht appreciation. The JSCCIB’s previous projection for GDP growth was 2.9-3.3%, with shipments ranging from […]
Read MoreThe Hanoitimes – The plant specializes in producing zippers and raw materials for the garment industry with a scale of 420 million products per year. Major zipper maker YKK Corporation started operating its second plant with an investment of US$59.9 million in Vietnam this week, aiming to meet growing demands for zippers in the world market, […]
Read MoreCambodia is making itself more attractive to foreign investors by having one of the lowest corporate tax rates in Southeast Asia. Trading Economics, an online economic statistics platform, lists the Kingdom as having the third lowest corporate tax rate in the region after Brunei and Singapore. Cambodia’s current corporate tax rate stands at 20 percent, […]
Read MoreKUALA LUMPUR: Maybank Investment Bank Research does not discount the possibility that numbers forecast operators (NFO) gaming tax rates may be hiked in the Budget 2020 proposals to be announced on Oct 11. “We estimate that every 1ppt hike in NFO gaming tax rates will cut our Magnum and Berjaya Sports Toto (BToto) EPS estimates and TPs […]
Read MoreKUALA LUMPUR: RAM Ratings expects the growth performance of Malaysia’s exports and imports in August to remain sluggish at a respective -0.1% and -6.4%. In a statement issued on Thursday it said the weaker performance would mean a narrower overall trade surplus of RM6.5bil. “The lacklustre showing will be underscored by subdued global trade and […]
Read MoreThe Hanoitimes – The stability of the VND has contributed to decreasing demand for the dollar as people prefer the national currency due to the large spread between interest rates on VND and the dollar. The Vietnamese government is taking bold steps to eliminate the dollarization in the economy, prohibiting lenders including commercial banks from providing […]
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Thailand
