The baht opened at 33.58 to the US dollar on Thursday, weakening from Tuesday’s close of 33.43. Krungthai Bank market strategist Poon Panichpibool predicted the Thai currency would move between 33.50 and 33.70 during the day. Poon said the baht might swing sideways in a wide range. The currency may weaken during the day as […]
Read MoreBrunei Darussalam’s growth is expected to rebound in 2022 and 2023 with gross domestic product (GDP) growth of 4.2 per cent and 3.6 per cent respectively, led by a sharp increase in oil and gas output. A key policy challenge is the diversification of fiscal revenue away from oil and gas to enhance long term […]
Read MoreSINGAPORE’S unemployment rate returned to pre-pandemic levels in February and is expected to fluctuate around this level depending on the prevailing economic situation, said the Ministry of Manpower (MOM) on Thursday (April 7). “The high number of vacancies could bring rates down further, but at the same time, the downside risks in the global economy […]
Read MoreIndonesian digital asset traders will have to pay new taxes on their transactions starting this May, a tax official has revealed, even as the trading volume in the country soared to $60 billion in 2021. Directorate General of Taxes official Hestu Yoga Saksama announced the new taxes in a media briefing recently. The taxman will […]
Read MoreSOUTH-EAST Asia could see softer economic growth in 2022, as the Asian Development Bank (ADB) pared its full-year gross domestic product (GDP) forecast to 4.9 per cent, from 5.1 per cent previously. Growth is expected to pick up to 5.2 per cent in 2023, as the recovery is gaining momentum “in most of the sub-region’s […]
Read MoreThe Ministry of Finance in Laos has issued a notice requiring foreign e-commerce and tech platforms to register for Value Added Tax (VAT) in the country. The move comes as a number of countries in Southeast Asia enjoy the benefits of taxing tech giants that make earnings in their territory. Laos has quietly begun taxing non-resident e-commerce companies […]
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Thailand
