The cabinet on Tuesday approved a new relief package, including a reduction in land and building tax, a cut in property transaction fees and reduced contributions to the Social Security Fund (SSF) by employees, to ease the economic impacts of Covid-19. Finance Minister Arkhom Termpittayapaisith said the cabinet approved a reduction in the tax on […]
Read MoreThe National Bank of Cambodia (NBC) on January 26 officially launched the Retail Pay system, a government effort to reduce cash consumption and boost the use of electronic payments in the economy. Presiding over the launch, NBC deputy governor Neav Chanthana said Retail Pay is a crucial component of Cambodian financial infrastructure, noting that the […]
Read MoreForeign investment funds (FIFs), excluding term funds or short-term fixed-income funds, recorded a 27.5% growth from 2019 with total net asset value of 840 billion baht, accounting for 21% of the Thai mutual fund market, an increase from around 10% in 2016. Chinese equity funds recorded the highest net asset value of 120 billion baht […]
Read MoreMANILA, Philippines — The Philippine economy is likely to grow slower this year after nose-diving to a deeper fall last year, trailing its peers in Southeast Asia because of expected persistent lockdowns that are likely to prevent an economic rebirth. Gross domestic product (GDP) likely slumped 9.6% year-on-year in 2020, worse than the 8.3% seen […]
Read MoreThailand’s policymakers will continue to enact policies to boost domestic activity amid persistent challenges from the pandemic. On Jan 19, the cabinet approved 210 billion baht (an estimated 1.3% of GDP) in cash handouts to support lower-income households, self-employed workers and farmers (comprising around 30 million people) amid a resurgence in domestic Covid-19 cases. The […]
Read MoreThailand could see a million more jobless tourism workers in the first quarter after its latest wave of coronavirus infections, while relief measures are urgently needed to support the struggling sector, a private tourism group said on Tuesday. The Tourism Council of Thailand will later on Tuesday propose to the government measures including a 50% […]
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Thailand
