GEORGE TOWN: Malaysia’s shadow economy accounts for 21% of gross domestic product (GDP) and amounts to an estimated RM300bil, says Finance Minister Lim Guan Eng. He said the strong underground economy, which he attributed to illegal activities that are difficult to track down, should be tackled effectively. “If not handled well, it will not only […]
Read MoreThe Bruneian passport is regarded as one of the biggest winners in the Global Passport Index, achieving the best net score for nine visa waivers gained or lost last year, and one of the fastest-growing passports for 2019. These findings were recently published in a report by the Passport Index, a leading global mobility intelligence […]
Read MoreThe next round of US-China trade negotiations, the Middle East situation and key economic data will affect the baht’s value this week, says Kasikornbank (KBank). The Bank of Thailand will hold a press conference tomorrow on the monetary policy and baht exchange rate situation, amid concerns of the baht remaining strong. Last week, the baht […]
Read MoreMUMBAI: Indian palm oil importers have effectively stopped all purchases from Malaysia after the government privately warned them to shun the product from the country following a diplomatic spat, industry and government sources said. The warning, issued last week, comes almost in parallel with New Delhi’s move to restrict imports of refined palm oil and […]
Read MoreBangkok Bank (BBL) expects to make payment for its acquisition of Indonesia’s PT Bank Permata in the third quarter this year. The deal is seeking approval from both the Bank of Thailand and its Indonesian counterpart and the process is expected to be completed soon, said Chansak Fuangfu, executive director and senior executive vice-president. BBL […]
Read MoreThe Hanoitimes – Japan becomes one of favorite markets for Vietnam’s workers thanks to high salary, safe working environment, and relaxed working rules. Vietnam and Japan have inked 12 agreements and memorandums of understanding (MOUs) in different fields, including one on sending more Vietnamese workers to the Northeast Asian country. The agreements and MOUs were signed […]
Read More
Thailand
