THE wider adoption of digital payments in the country will have a favorable impact on inflationary trends in the future, according to the Bangko Sentral ng Pilipinas (BSP). “Digitalization is one of the huge changes that will have an effect in lowering the inflation in the long run,” BSP Governor Benjamin Diokno was quoted as saying in […]
Read MoreThe baht opened at 33.12 to the US dollar on Wednesday, strengthening from Tuesday’s closing rate of 33.09. The currency is likely to move between 33.05 and 33.20 to the greenback during the day and even swing sideways unless it is influenced by a new factor, Krungthai Bank market strategist Poon Panichpibool predicted. Poon believed […]
Read MoreING Bank’s local unit raised its Philippine gross domestic product (GDP) growth estimate for 2021, but warned that economic expansion this year is likely to fall short of the government’s target. According to Nicholas Antonio Mapa, ING Bank Manila senior economist, the Philippine economy likely grew by 5.4 percent last year, aided by a 6.7-percent increase […]
Read MoreJAKARTA: Indonesia’s parliament has approved a bill to relocate the nation’s capital from Jakarta to a jungled area of Kalimantan on Borneo island, the planning minister said on Tuesday. The new state capital law, which provides a legal framework for President Joko Widodo’s ambitious $32 billion mega project, stipulates how development of the capital will […]
Read MoreThe cabinet on Tuesday approved the allocation of 1.48 billion baht from the central budget to fund programmes to reduce the cost of living over a period of three months. Government spokesman Thanakorn Wangboonkongchana said the proposal was tabled by the Commerce Ministry. The ministry planned to organise a discount campaign at 3,000 distribution points, […]
Read MoreFollowing the passing of a 350 trillion VND (approximately 15 billion USD) economic recovery package, the Government is considering the implementation of a cut to VAT. As part of the stimulus programme, VAT for applicable goods and services will be cut down to 8 percent in 2022 (down two percent from the current rate), with […]
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Thailand
