As the value of Kip depreciates against foreign currencies, especially the US dollar, residents are finding it increasingly difficult to repay the installments on their cars or motorbikes. This is not a pertinent issue for people who earn in dollars as the exchange rate doesn’t impact the amount they owe. However, people who earn in […]
Read MoreGrowth in Southeast Asia’s internet economy is slowing after years of expansion, showing that even emerging digital markets aren’t immune to economic headwinds. Online spending in the region will rise about 20% this year to $200 billion, research from Google, Temasek Holdings Pte and Bain & Co showed, slowing from 38% a year earlier. The region’s […]
Read MoreIndonesia’s government has targeted to create 4.4 million jobs in the tourism sector by 2024, according to the country’s Tourism and Creative Economy Minister Sandiaga Uno. Jakarta (VNA) – Indonesia’s government has targeted to create 4.4 million jobs in the tourism sector by 2024, according to the country’s Tourism and Creative Economy Minister Sandiaga Uno. “We hope that […]
Read MoreTHAILAND took a major step toward giving foreigners the right to buy land for housing, as the country seeks to boost its economy by enticing more wealthy international investors. Property ownership by individuals is currently limited mainly to condominium units or through complicated long-term lease agreements. The new plan, endorsed at a Cabinet meeting on Tuesday […]
Read MoreMANILA, Philippines — AMLC chairman and Bangko Sentral ng Pilipinas Governor Felipe Medalla told reporters on the sidelines of the 2nd Bankers Association of the Philippines (BAP) CEO Forum that the country is exerting additional effort to exit FATF’s list of nations considered at high risk of money laundering and terror financing. “We will exert […]
Read MoreSINGAPORE’S economic growth is expected to slow to a pace that is “below trend” next year, weighed down by key external-facing sectors such as manufacturing and financial services, the Monetary Authority of Singapore (MAS) said in its half-yearly macroeconomic review on Thursday (Oct 27). Meanwhile, the global economy is in a “precarious” state with growth […]
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Thailand
