MANILA, Philippines — President Rodrigo Duterte’s proposed P5.024 trillion budget for 2022 is “too small” to stimulate demand in the consumption-starved economy and adequately respond to the pandemic, a non-government think tank said. “The Duterte administration is not spending enough to stimulate the economy and, moreover, is not even spending on health, ayuda (aid), and small […]
Read MoreThe Digital Economy and Society (DES) Ministry has warned digital service providers face a fine of 500,000 baht if they break an updated law requiring the retention of their users’ computer traffic data. On Aug 13, the Royal Gazette published the DES Ministry’s new criteria for the retention of computer traffic data by service providers. This notification […]
Read MoreThailand’s exports rose a bigger-than-expected 20.27% in July from a year earlier, as global demand improved, Commerce Minister Jurin Laksanawisit said on Monday. That compares with a forecast for a rise of 19.7% in July in a Reuters poll and after a rise of 43.82% in June. Exports rose a bigger-than-expected 20.27% in July from […]
Read MoreThe Straits Times: SINGAPORE – Core inflation in Singapore continued its upward trend for the sixth month running in July, on the back of higher electricity and gas costs. Core inflation, which excludes accommodation and private road transport costs, rose to 1 per cent on a year-on-year basis last month, up from 0.6 per cent […]
Read MoreAfter ASEAN, one of the countries interested in the cooperation is Saudi Arabia Jakarta (ANTARA) – Bank Indonesia (BI) is exploring the cooperation of inter-country quick response (QR) with the central bank of Malaysia, Bank Negara after intensifying similar cooperation with Thailand recently. “We are sitting together closely with Malaysia,” BI’s Payment System Policy Department […]
Read MoreWith the funding, local banks have issued 974 guarantees valued at US$686 million to support exporters and importers. Close to 2,000 exporters and importers in Vietnam have benefitted over the past fiscal year from trade financing from the International Finance Corporation (IFC) designed to help businesses withstand the impacts of Covid-19 and preserve jobs. Given […]
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