Depositors will only be able to use plastic cards at cash deposit machines (CDMs) under the Anti-Money Laundering Office’s (Amlo) new regulations. The requirement takes effect on Nov 15. Consumers can currently deposit money at CDMs by either inserting their plastic card or merely entering a bank account number. The new Amlo rule means cash […]
Read MoreINDONESIA’S central bank governor on Wednesday reiterated he sees no need for an aggressive monetary tightening despite inflation running at its highest level since 2015. In comments made a day before he is due to hold a news conference announcing the result of the bank’s interest rate review, Governor Perry Warjiyo told a seminar Indonesia’s […]
Read MoreBy 2021, 62 outward investment projects of 14 enterprises had recovered the investment capital with an accumulated amount of $3.64 billion, including $1.74 billion worth of profits transferred home. The government’s report to National Assembly showed that total outward investment capital had reached $6.61 billion as of December 31, 2021, equal to 55 percent of […]
Read MoreMANILA, Philippines — The Philippine economy may grow by just 4.1 percent next year, below the government’s target of 6.5 to eight percent, due to elevated inflation and the risk of a global recession, according to Economist Impact, the research arm of The Economist Group. Economist Impact regional policy and insights head Andrew Staples warned […]
Read MoreCambodian commodity exports to the US and bilateral trade between the two countries both surged nearly 30 per cent year-on-year in the first nine months of 2022, increases that are expected to continue as shipping costs ease, buoyed by an ongoing investment upswing in the Kingdom fuelling a manufacturing revolution. In the January-September period, Cambodia-US […]
Read MoreThe cabinet on Tuesday agreed to a waiver of personal income tax for foreign actors and actresses for five years, aiming to generate more than 3.5 billion baht in revenue from investments in foreign film productions. Deputy government spokeswoman Tipanan Sirichana said the cabinet approved the Finance Ministry’s new Revenue Code to attract predicted investment of at […]
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Thailand
