National Bank of Cambodia (NBC) will soon sign agreements with the Bank of the Lao P.D.R (BOL), the State Bank of Vietnam (SBV) and other countries in the region to boost the usage of the local currency in the economy through technological advancement that makes it easier for the people, said a senior official. The […]
Read MoreThe Bank of Thailand expects GDP growth to exceed its forecast, with the economic policies of the new government driving expansion alongside tourism and consumption growth. At its meeting last month, the central bank’s Monetary Policy Committee (MPC) said it believed the Thai economy should continue to expand with some inflationary risks. Tourism and private […]
Read MoreCambodia’s total trade turnover with world partners topped $19.2 billion in the first five months of 2023, a decrease of 14% compared to the same period last year, according to data from the country’s Ministry of Economy and Finance. The kingdom’s goods exports totaled nearly $9.2 billion, down 2.4% year-on-year, while imports accounted for more […]
Read MoreThe Bank of Thailand expects loan growth in the banking industry to slow as demand eases, though rising interest rates should not be a key factor dampening loan expansion. Bank loans recently increased as assistance to small and medium-sized enterprises helped them recover post-pandemic, especially through the central bank’s soft loan programme, said Sakkapop Panyanukul, director […]
Read MoreMANILA, Philippines — The plan to refund the value-added tax (VAT) of foreign tourists is expected to add up to P13 billion to the economy annually amid the propensity of travellers to consume more with such a reimbursement mechanism. During the Senate Committee on Ways and Means hearing yesterday, the National Economic and Development Authority […]
Read MoreWHILE Singapore’s labour market remains tight, there are some signs of cooling labour demand in the first quarter, said the Ministry of Manpower (MOM) in the latest Labour Market Report on Thursday (Jun 15). Both the number of job vacancies and the ratio of job vacancies to unemployed persons “remained high but have both eased”, while employment […]
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