BENGALURU: Malaysia’s central bank will keep its interest rate steady this week to support a still-nascent economic recovery, a Reuters poll showed, but start tightening policy next quarter to avert rising inflationary pressures. That accommodative stance was in stark contrast to other major central banks and some of its Asian peers which are hiking interest rates […]
Read MoreAN ADDITIONAL Buyer’s Stamp Duty (ABSD) of 35 per cent will be imposed on any transfer of residential property into a living trust, where the transfer occurs from May 9, the Ministry of Finance announced late on Sunday night (May 8). Under current regulations, ABSD may or may not be payable upon such a transfer, […]
Read MoreThe launch of e-tax was expected to facilitate tax declaration and tax payment, but some firms are still finding it difficult to fulfil their financial duties via the online portal. A representative from FK Trading Ltd. revealed that his firm filed the tax forms for the financial year 2021 early this year, but later found […]
Read MoreChina’s zero-Covid policy for imports has disrupted the Thai exportation of durian crops, while coffee farmers in Vietnam have resorted to growing avocados and durians due to the high cost of fertilizer amidst the conflict in Ukraine. Fruit brought into China is being subjected to strenuous Covid inspections, and these slow inspections are causing some highly […]
Read MoreMANILA, Philippines — The Philippine economy likely survived the Omicron threat in January with a decent first quarter growth and further recovery on the way, an international think tank said. In its weekly brief, Capital Economics said first quarter gross domestic product (GDP) for the Philippines likely grew by 6.7 percent year-on-year and inched up […]
Read MoreThe year-on-year inflation rate in Laos surged to 9.9 percent in April, the highest figure recorded since January 2016, according to the latest report from the Lao Statistics Bureau. The consumer price index jumped at its fastest pace in recent months, further putting the squeeze on consumers with more to be paid for food, fuel […]
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Thailand
