The Bank of the Lao PDR (BOL) has issued a warning to citizens about counterfeit banknotes of LAK 100,000 and LAK 50,000 denominations. The bank said that it has been informed that counterfeit banknotes that have been photocopied onto plain paper and have fake security threads attached to them are now in circulation. The bank has provided […]
Read MoreBANGKOK – Thailand’s economy expanded more than estimated in the first quarter as the nation benefited from resurgent tourism, although the outlook hinges on its ability to demonstrate political stability. Gross domestic product grew 2.7 per cent year on year in the three months to March, the National Economic and Social Development Council (NESDC) said […]
Read MoreMANILA, Philippines — Money sent home by overseas Filipinos to their families sustained its uptrend in March, but an analyst expects growth to be tempered by inflation heating up in developed economies. Data released by the Bangko Sentral ng Pilipinas on Monday showed that cash remittances surged 3% year-on-year to $2.67 billion in March. Remittances […]
Read MoreThe United Overseas Bank (UOB) rated the Việt Nam đồng as one of the most stable currencies in Asia, despite significant changes in the Fed’s interest rate hike expectations as well as concerns about a global recession and instability of the US banking system. HÀ NỘI — Amid fluctuations in the global financial market, the exchange rate […]
Read MoreThe Revenue Department expects tax measures supporting the relocation of foreign investors’ production bases to attract investment of around 6 billion baht within three years, says deputy director-general Vinit Visessuvanapoom. He said the cabinet endorsed an extension of the measures, also known as the Thailand Plus Package, to support the relocation of production bases. The Thailand […]
Read MorePETALING JAYA: The wave of stagflation, currently sweeping across some global economies like in the 70s, is unlikely to rear its ugly head in Malaysia owing to the country’s firm economic fundamentals. Stagflation, a scenario where there is slow economic growth coupled with rising inflation, would unlikely occur in developing countries compared with developed ones, […]
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Thailand
