MANILA, Philippines — The Department of Finance (DOF) said cutting infrastructure spending would narrow the budget deficit in the short term, but may harm economic recovery and industrial competitiveness in the long term. DOF chief economist Gil Beltran said yesterday the government could slash its budget gap in the medium term by tightening its belt […]
Read MoreVietnam jumped six notches to 89th in the cost of living index rankings for 2022 with 37.48 points, as compiled by Numbeo. The list calculates that the cost of living index in Ho Chi Minh City stands at 39.01 points, the highest nationwide. Indeed, a family of four typically spends VND40 million a month, excluding […]
Read MoreTNG Digital – a joint venture company by Malaysia’s Touch ‘n Go and Ant Financial Group – has expanded its cross-border payment service to Singapore, to allow Touch ‘n Go e-wallet users to pay for their ComfortDelGro taxi fares. In a statement, TNG Digital said this feature was possible through a collaboration with Alipay+, a […]
Read MoreThe baht opened at 35.05 to the US dollar on Wednesday, its lowest level in five years and three months, weakening from Tuesday’s close of 34.98. The currency is expected to move in the range of 34.95 and 35.20 on Wednesday, Krungthai Bank market strategist Poon Panichpibool predicted. Poon said the baht might fluctuate heavily […]
Read MoreThe Government needs a financial tool to control the prices of strategic commodities, including petroleum products, to avoid a sudden rise in prices and impact on people’s lives. The Ministry of Finance (MoF) is seeking public opinion on the revision of the Law on Prices, including the removal of the petrol price stabilization fund, a […]
Read MoreNine bus routes linking Thailand and Laos were reopened on Wednesday as the two countries eased travel restrictions imposed after the arrival of the Covid-19 pandemic. The state-owned Transport Co announced the opening of the routes, some of them operated in cooperation with Lao bus firms. They include services between Bangkok and Vientiane and Bangkok […]
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