The Bank of the Lao PDR (BOL) has issued a decision on foreign exchange rate setting to guide commercial banks in foreign currency trading in the country. Commercial Banks now have more flexible margins for buying and selling foreign currencies, stabilizing the value of the Lao currency (LAK). More specifically, commercial banks are allowed to […]
Read MoreINDONESIA is unveiling a slew of tax breaks to lure companies and people to move to its new capital in the heart of Borneo. Banks and insurers operating in Nusantara — as the capital is known — would pay no income tax for up to 25 years if they invest before 2035, according to an […]
Read MoreTourism operators in Chiang Mai are calling for the revision of laws and regulations to maintain fair competition and protect local businesses from Chinese merchants using Thai nominees. Such worries are growing after the Mae Sai-Tachileik border checkpoint in Chiang Rai reopened on Monday. Punlop Saejew, president of the Tourism Council of Chiang Mai, said […]
Read MoreCentral Retail Corporation (CRC), the largest retailer of Thailand, has announced its biggest investment in Việt Nam at 50 billion THB (US$1.45 billion) in the 2023-27 period to accelerate its market presence in the country. HÀ NỘI — Foreign businesses are pumping more investments into Việt Nam’s lucrative retail industry, which has a market size […]
Read MoreKUALA LUMPUR: A survey has revealed that 80% of local investors have set new financial goals, namely, for retirement, keeping up with rising costs as well as holidays and major life experiences. According to Standard Chartered’s Wealth Expectancy Report 2022, Malaysian investors cited inflation (40%), an uncertain global economy (28%) and the threat of a […]
Read MoreMANILA, Philippines — The Senate on Tuesday night concurred with the ratification of the Philippines’ membership in the Regional Comprehensive Economic Partnership Agreement or RCEP, the latest country in Southeast Asia to join the world’s largest free trade deal. Twenty senators signed the resolution concurring in the ratification of RCEP. Under the Constitution, any treaty or […]
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Thailand
