Thailand has no intention of using the exchange rate as a tool to gain an unfair trade advantage and competitiveness over trading partners, says the Bank of Thailand. The central bank’s comments follow the release of a US Treasury Department report that placed Thailand on the “monitoring list” of 10 countries labelled potential currency manipulators. […]
Read MoreThe General Department of Taxation is set to launch a Property Tax App soon, according a senior official of the General Department of Taxation. Director-General Kong Vibol announced the app during a GDT Special Live Show that provided an update on the tax department’s activities, saying it has already been developed. Prior to its release […]
Read More2C2P, a payment platform, and KBZPay, the leading mobile wallet in Myanmar, have established a partnership to expand the digital payments network in Myanmar. The partnership will bring together 2C2P’s online payment systems and KBZPay’s mobile wallet technology to open up new possibilities for people in Myanmar to transact with global and local businesses. In […]
Read MoreKUALA LUMPUR: The credit profile of Malaysia (issuer rating A3) is supported by the countryʼs “a1” economic strength, which reflects a large and diverse economy, Moody’s Investors Service says. It said on Friday the Malaysian economy boasts solid medium-term growth prospects and high levels of competitiveness. “Its ‘a2’ institutions and governance strength, which balances solid […]
Read MoreThe Hanoitimes – A devaluation of the Vietnamese dong will disrupt and cause severe consequences to the local economy, said an expert. Vietnam has no intention of manipulating the currency. The most important issue for the Vietnamese government is to stabilize the macro-economic condition and build trust among people, investors and businesses. “A devaluation of the […]
Read MoreBSP winds down easing cycle MANILA, Philippines — The Bangko Sentral ng Pilipinas (BSP) decided yesterday to keep its interest rates steady on the back of improved mobility and sentiment that could facilitate the recovery of the economy from the pandemic-induced recession. In a virtual press conference, BSP Governor Benjamin Diokno said the Monetary Board […]
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