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Vietnam posts US$10.6 billion trade surplus in Jan-Nov

The country’s exports amounted to US$342.2 billion while its import spending totaled US$331.6 billion between January and November, generating a trade surplus of US$10.6 billion, according to the General Statistics Office of Vietnam. The total value of imports and exports in the year to November, at US$ 673.8 billion, soared 11.8% year-on-year. During the period, […]

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Laos: Tourism industry on the road to recovery

Many businesses have begun to recover since the government relaxed Covid-19 restrictions in the middle of this year and tourists began returning to Laos, according to a business representative. “At present, businesses which are doing well and growing fast are related to tourism,” the Vice President of the Lao National Chamber of Commerce and Industry, […]

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Bank Negara building in Kuala Lumpur city. Ñ IZZRAFIQ ALIAS/The Star.
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Malaysia: Bank Negara expected to further tighten policy

PETALING JAYA: The continued rise in Malaysia’s core inflation leaves Bank Negara with little choice but to raise interest rates even higher. The core inflation, which excludes administered and volatile price items, reached a new peak in October at 4.1% year-on-year (y-o-y), even though the country’s headline inflation has been moderating to 4% in the […]

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Philippines: BSP raises the bar for consumer protection

MANILA, Philippines — The Bangko Sentral ng Pilipinas (BSP) has raised the bar for consumer protection in line with its broader efforts to promote the welfare of financial consumers. BSP Governor Felipe Medalla has issued Circular 1160 to implement Republic Act 11765 or the Financial Products and Services Consumer Protection Act (FCPA). “The circular is […]

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Thailand: Cabinet approves tax on share sales

The cabinet has approved a financial transaction tax on individual stock investors, ending a four-decade waiver. According to Finance Minister Arkhom Termpittayapaisith, Tuesday’s decision aims to create fairness in the tax system between securities traders in the stock market and people who do not interact with the Thai bourse. The financial transaction tax on share sales […]

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