The Lao kip has plunged to a record low in recent days against the US dollar and Thai baht despite the government’s attempts to stabilise currency exchange rates. The value of the national currency has nosedived since the end of March, the Governor of the Bank of the Lao PDR, Mr Sonexay Sitphaxay, told National […]
Read MoreMANILA, Philippines —Tobacco officials understand why the government targets the industry every time it needs extra cash. They said cigarettes are viewed as low-hanging fruits that can be picked any time. After all, taxing tobacco feels fair and just due to its proven damage to public health. The Department of Finance even wants the next […]
Read MoreThe baht opened at 34.85 to the US dollar on Thursday, strengthening from Wednesday’s close of 35.02. The currency is expected to move in a range between 34.70 and 34.90 on Thursday, predicted Krungthai Bank market strategist Poon Panichpibool. Poon said the baht is likely to fluctuate during the day. It strengthened as the dollar […]
Read MoreCambodia’s public debt is still relatively low as a percentage of gross domestic product (GDP), at nearly 25 per cent, compared to the 40-per-cent threshold, affording the government ample fiscal space to borrow to develop the country, experts have said. “As of [March 31], including the old debt, the [government] has a total public debt […]
Read MoreMalaysian consumers are expected to have a surcharge imposed on their electricity bills next month due to the continuously rising fuel prices as a result of the conflict between Russia and Ukraine that started in February this year, according to a report by The Vibes. National utilities company Tenaga Nasional Berhad (TNB) is facing difficulty in keeping rates […]
Read MoreThere are positive signs being seen after the completion of the policy and tax administration framework in the field of cross-border e-commerce. This will create a breakthrough in reform when it achieves the dual goals simultaneously of creating an impetus to promote the transformation of resources for the economy, as well as make up for […]
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Thailand
