Cross-border trade rose by 26.7% in the first four months, increasing the government’s confidence such trade will grow by 3-6% this year after declining 1.7% in 2020. Commerce Minister Jurin Laksanawisit revealed on Tuesday the country’s overall cross-border trade, including transit trade, tallied 526 billion baht between January and April, 295 billion of which belonged […]
Read MoreProspect of possible trade deficit in upcoming months and the impacts from current Covid-19 pandemic in Vietnam would pose pressure on the USD/VND exchange rate. Vietnam’s high trade deficit of US$2 billion in May poses little impacts on the USD/VND exchange rate, economist Ngo Tri Long told Hanoitimes. Long referred to the fact that the USD/VND […]
Read MoreWith Cambodia introducing a new online commerce tax on sales of digital products and services made by international tech firms, experts warn that consumers and small online businesses might be the ones who bear the brunt. Cambodia will require tech companies without a physical presence in the country to pay a 10% value-added tax (VAT) […]
Read MoreMANILA, Philippines — The Philippines is out to test investors’ appetite for longer-dated debts in a bid to stop maturities from further deteriorating and put limited government resources in a bind, no thanks to last year’s borrowing spree. Fiscal planners and observers are however not worried that more obligations are falling due much earlier than […]
Read MoreKUALA LUMPUR, June 2 — Bank Negara Malaysia (BNM) today reiterated that all loan borrowers who have suffered a drop in income, including salary, allowances, commissions and household incomes, are eligible for a reduction of monthly installments according to the reduced income. In a series of tweets detailing the eligibility for reduction of monthly installments, […]
Read MoreHelped by an export boom in April, the shippers’ council feels upbeat that the country’s exports could rise by 10%-15% this year. Chaichan Chareonsuk, president of the Thai National Shippers’ Council (TNSC), said export prospects have improved thanks to the global economic recovery, economic growth in major trading partners and healthy export demand for industrial […]
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Thailand
