Myanmar’s military government has been cracking down on the unofficial foreign exchange market to prevent further depreciation of Myanmar Kyat (MMK). But amidst all interventions, observers worry that a third, parallel market exchange rate may emerge. After the vicious coup d’état by Myanmar’s military in 2021, the junta government decided to set a fixed exchange […]
Read MoreThe Thai baht weakened to a seven-month low on Wednesday as political uncertainty dampened investor appetite, while most other emerging Asian currencies also depreciated against a firmer dollar after resilient US data eased recession concerns. Equities in the region were largely in the red, with shares in Seoul taking the biggest hit, declining 0.8%, while those […]
Read MoreVietnam’s property market is still attractive to the foreign community, but it is necessary to continue to improve its legal landscape, information transparency, and data availability to create further enhancements for foreigners to invest. The Vietnam Real Estate Association and Vietnam Real Estate Research Institute published its annual report on Hanoi’s mid- and high-end property […]
Read MoreThe Council for the Development of Cambodia (CDC) has announced the approval of nine new investment projects creating a total of 13,849 job opportunities for the locals. According to a CDC press release yesterday, the newly approved projects are worth $54.8 million. The projects are located in Kampong Speu, Takeo, Svay Rieng and Kandal, and […]
Read MoreMANILA, Philippines — Private economists further lowered their inflation forecasts for 2023 and 2024 as prices cooled due to the aggressive rate hikes delivered by monetary authorities, outgoing Bangko Sentral ng Pilipinas Governor Felipe Medalla said. In a forum, Medalla said results of the latest survey of private economists for June showed a lower inflation […]
Read MoreHANOI — Vietnam will lower its value-added tax (VAT) from 10% to 8% from July through December, bolstering stimulus measures to support consumption and business activities as the export-oriented economy grapples with an economic slowdown. The country’s National Assembly last week passed a bill to lower the VAT from July 1 till the end of December. […]
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