The Bank of Thailand (BoT) is considering promoting the use of stablecoins to pay for goods and services, specifically in some use cases, which will be useful for financial innovation. The central bank has been drafting rules governing the use of digital assets and the regulations are expected to be implemented in the near future. […]
Read MoreTHE Monetary Authority of Singapore (MAS) said it is raising slightly the rate of appreciation of the Singapore dollar nominal effective exchange rate (S$NEER) policy band, after it raised its inflation forecasts for 2022. The “pre-emptive adjustment” comes after MAS tightened its monetary policy settings in October 2021, to account for external and domestic cost pressures. Then, […]
Read MoreA lower value-added tax is seen as instrumental to promote business/production activities at a time of economic hardship due to the Covid-19 pandemic. Vietnam’s state budget would see a decline by over VND49 trillion ($2.1 billion) this year as the Government will cut the value-added tax (VAT) rate to 8% from the current 10% to […]
Read MoreMANILA, Philippines — More economists are convinced that economic expansion slowed in the fourth quarter of last year due to the impact of the destruction caused by Super Typhoon Odette. But despite the projected slowdown in the last quarter, economists are confident that the gross domestic product (GDP) for 2021 will still be within the […]
Read MoreThe bilateral trade between Cambodia and Thailand was valued at $7.97 billion last year, a 10.26 percent increase compared to a year before. Figures from Thailand’s Commerce Ministry showed that Cambodia exported $894 million worth of goods to Thailand, a year-on-year decrease of 22.10 percent. The Kingdom imported over $7 billion worth of goods from […]
Read MoreCar exports are expected to increase to 1 million units for the first time in two years as the Federation of Thai Industries (FTI) pins its hopes on the limited impact of Covid-19 and the global semiconductor shortage on the automotive industry. In 2020, when Thailand was first hit by Covid-19, car production for export […]
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