THE Monetary Authority of Singapore (MAS) sees promise for a purpose-bound digital Singapore dollar (Singdollar) to support government payouts and various other digital voucher schemes. Its findings on this topic and proposals for future trials were detailed in a report released on Monday (Oct 31) marking the successful completion of Phase 1 of Project Orchid, […]
Read MoreThe General Department of Tax (GDT) of the Ministry of Economy and Finance has asked tax payers to follow the official exchange rate issued by National Bank of Cambodia (NBC), in a move to strengthen tax collection efficiency. The GDT’s move came after tax payers used the exchange rate issued by GDT when paying tax […]
Read MoreJAKARTA : Indonesia’s economy is expected to grow by 5.7 per cent in the third quarter from a year earlier, the finance ministry’s fiscal policy agency head Febrio Kacaribu told a seminar on Friday. Indonesia’s statistic office is due to announce third quarter gross domestic product growth data on Nov 7. Source: Reuters
Read MorePETALING JAYA: While inflationary pressures seem to have eased based on the latest consumer price index (CPI) figures, economists are not discounting the fact that headline inflation may pick up in the coming quarters. Speaking with StarBiz, AmBank Research Group chief economist and member of the Economic Action Council Secretariat Anthony Dass attributed the uptick […]
Read MoreHigh lending rates may be unfavorable for businesses, but ensuring long-term macroeconomic stability is essential for them to recover and thrive. Amid growing fears of high inflation worldwide, the State Bank of Vietnam (SBV) has opted to raise its interest rates to control the exchange rate, stressing that market stability is key to maintaining investor […]
Read MoreMANILA, Philippines — The value of the country’s digital economy rose eight percent in 2021 from a year ago as digital adoption continued amid the pandemic. Data from the Philippine Statistics Authority (PSA) showed the Philippine digital economy’s value reached P1.87 trillion last year, higher than the P1.73 trillion in 2020. The PSA said the […]
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Thailand
