AFTER AN extended period of holding the policy rate at 1.50 per cent, the Monetary Policy Committee (MPC) decided in December 2018 to raise the policy rate to 1.75 per cent. At the following meeting in February 2019, the committee voted to maintain the policy. Still, two members out of six voted to raise the […]
Read MoreCANADIAN and Thai trade negotiators believe the Kingdom can play a leading role in reforming the World Trade Organisation (WTO) to save it from complete collapse. However, one local economist disagrees, saying it is beyond the capacity of such a small country to save the WTO from a crisis in its multilateral trading system. Stephen […]
Read MoreThe government has lowered this year’s revenue target for the tourist industry from US$20 billion to US$17.6 billion. Tourism Minister Arief Yahya said on Monday that the lower projection was based on last year’s low forex earnings, which, according to Bank Indonesia, amounted to $15.6 billion, lower than the government’s target of $17 billion. “Last […]
Read MoreThe State Enterprise Policy Office (Sepo) has said the Public-Private Partnership (PPP) committee, instead of Airports of Thailand (AoT), must have the final say on whether the concession for duty-free operations at four major airports comes under the PPP law. The move came after the AoT threw down the gauntlet on Monday, claiming that the controversial […]
Read MoreThe tax authority has been lauded for sending out emails, reminding millions of taxpayers to submit their annual tax returns (SPTs) before the designated deadline. For people who were preoccupied with work and, therefore, needed someone to remind them about their tax obligation, the email was very helpful, said Jakarta resident Amalia Rochimah Putri. “For […]
Read MoreThe Hanoitimes – While fintech is sweeping through the traditional economy in Vietnam like everywhere else in the world, the vast majority of the local people remain unbanked or underbanked. Cashless transactions, currently accounts for 10% of total payments in Vietnam, are expected to increase to 50% in the next three years, according to Pham Thanh […]
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Thailand
