Reports from the US Treasury Department reaffirming that Vietnam is not manipulating its currency for trade advantage is expected to benefit the stock and banking system. The US Department of the Treasury earlier this month submitted to Congress its semi-annual report on macroeconomic and foreign exchange policies of major trading partners of the US during […]
Read MoreKUALA LUMPUR, Dec 20 — The ringgit opened weaker against the US dollar as the latter continued to gain traction on the back of the United States (US) Federal Reserve’s (Fed) increasingly hawkish tone. The Federal Open Market Committee’s (FOMC) decision to double up on scaling back the purchases of assets by US$30 billion (RM126.8 billion) a […]
Read MoreLao government has announced a plan to reopen to foreign visitors starting from January 1, 2022, according to a notice issued by the Prime Minister’s Office. Hanoi (VNA) – Lao government has announced a plan to reopen to foreign visitors starting from January 1, 2022, according to a notice issued by the Prime Minister’s Office. According to the […]
Read MoreMANILA, Philippines — The government should tighten its tax watch on the private sector next year to make sure it collects revenues required to carry out recovery measures, economists said. Ateneo de Manila University economics professor Leonardo Lanzona said the government should use the Corporate Recovery and Tax Incentives for Enterprises (CREATE) Act to force […]
Read MoreChina will reduce tariffs on a wide range of goods imported from nine countries starting Jan 1 in a major move to implement the landmark Regional Comprehensive Economic Partnership agreement, which will promote the growth of regional trade and investment, according to the Ministry of Finance. Following approval by the State Council, China’s tariffs on […]
Read MoreDomestic consumer spending has gradually recovered since the government started easing its lockdown and curfew measures in September. The country’s reopening for fully vaccinated foreign tourists on Nov 1 helped build up sentiment, as indicated by the consumer confidence index surveyed by the University of the Thai Chamber of Commerce (UTCC), showing a third straight […]
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Thailand
