Household debt remained on the rise in the second quarter, but slowed from the previous quarter, thanks largely to the weaker economy, says the state planning unit, the National Economic and Social Development Council (NESDC). On Monday, the NESDC reported the country’s household debt in the second quarter amounted to 13.1 trillion baht, up by […]
Read MoreLaos has teamed up with the World Bank, revealing new laws on taxation that would boost the productivity of businesses and ensure accurate and full tax collection. These laws determine the principles, regulations, procedures, and measures related to the management and inspection of taxation activities. Under the new laws, the profit tax, in particular, has […]
Read MoreMANILA, Philippines — The Department of Finance (DOF) is looking forward to the signing of the Regional Comprehensive Economic Partnership (RCEP) agreement as this would be crucial in the enhancement of trade, investments and economic growth in the Southeast Asian region. Quoting Finance Secretary Carlos Dominguez’ speech during the International Finance Forum in Guangzhou, China […]
Read MoreMANILA, Philippines — The national government’s fiscal gap narrowed in October as the growth in state revenues outpaced the increase in disbursements, the Bureau of the Treasury (BTr) reported yesterday. According to the latest cash operations report of the BTr, the government’s budget deficit declined by 17.71 percent to P49.3 billion in October from P59.9 […]
Read MoreInternational steel manufacturing companies in the Thilawa Special Economic Zone near Yangon have been looking for opportunities to ramp up their capacity to produce in anticipation of greater demand. “Compared with neighbouring countries, steel production in Myanmar is just 50,000 tonnes. But there is a lot of potential as the country needs a lot of […]
Read MoreBankers in Southeast Asia have been urged to focus on digital innovation to improve their operations. The bankers were encouraged to adopt the latest technology in the industry at the Asean Banking Conference, held yesterday in Phnom Penh. The three-day event, which focused on the digital transformation of banking and financial services in Asean, was […]
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Thailand
