The Bank of Thailand (BOT) is preparing for four types of economic and financial risks that could occur in 2022 as the economy is still recovering from the impact of Covd-19, leaving many sectors vulnerable. Speaking at BOT’s Meet the Press event on Tuesday, central bank governor Setthaput Suthiwart-Narueput said that this year economic recovery […]
Read MoreKla Party leader Korn Chatikavanij urged the Revenue Department on Wednesday to delay taxing cryptocurrency trading until it has listened to opinions from experts. Korn, a former finance minister, said the department should allow stakeholders to propose ideas and it should take more time to study the best way to collect taxes on cryptocurrency before […]
Read MoreThe economy will take a 0.3% hit from an outbreak of the Omicron variant of Covid-19, although it should be managed within the first half of 2022, the Bank of Thailand (BoT) governor said on Tuesday. The BoT has tools ready should the Omicron-driven outbreak last longer than anticipated, Sethaput Suthiwartnarueput told reporters. He said he […]
Read MoreExports this year are expected to rise between 5% to 8%, boosted by strong global demand and a weaker baht currency, the Thai National Shippers’ Council said on Tuesday. The group expects exports in 2021 to have risen 15-16%, it told a briefing. Source: https://www.bangkokpost.com/business/2245727/exports-seen-up-5-8-this-year-shippers
Read MoreMANILA, Philippines — Energy Secretary Alfonso Cusi is urging Indonesia to lift its coal export ban, as the Philippines heavily sources its coal imports from the fellow Southeast Asian country. In a letter addressed to Indonesian Minister of Energy and Mineral Resources Arifin Tasrif, Cusi said Indonesia’s recent policy would be “detrimental to economies that […]
Read MoreThe government of Laos now owns a 60 percent share in Vietnam’s Vung Ang Port, up from its previous 20 percent stake. A share transfer agreement for the Lao government’s 60 percent ownership in Vung Ang Port was revealed during the 44th meeting of the Vietnam-Laos Inter-Governmental Committee on Bilateral Cooperation, held in Hanoi yesterday, […]
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