China and Cambodia yesterday signed a free trade agreement (FTA) in Phnom Penh, with Cambodian Prime Minister Hun Sen and visiting Chinese State Councillor and Foreign Minister Wang Yi attending the signing ceremony. Mr Hun Sen spoke highly of the FTA, saying that it is of great significance economically and politically. He also expressed his […]
Read MoreBUDGET 2021 will be presented at a time of uncertainty on revenue collections and continued high expenditure for 2021 leading to fiscal slippage. If the goal is to focus entirely on keeping the economy and domestic demand afloat, what should the Finance Minister do? The Budget’s expenditure programmes, fiscal measures and initiatives should be targeted […]
Read MoreThe Hanoitimes – The country would remain the only one with positive growth among five major economies in ASEAN, and its economic growth would rebound to 6.7% in 2021. The International Monetary Fund (IMF) has revised down its forecast for Vietnam’s GDP growth to 1.6% in 2020 from a previous estimate of 2.7% in June. Vietnam, […]
Read MoreMANILA, Philippines — The Philippines is likely to register a higher dollar surplus this year, but this is not all good news as doing so also meant demand that drives outflows would remain tepid and the economy weak. Overseas remittances would drop slower and so do foreign investments, which in turn meant more dollars would enter […]
Read MoreThe Bank of Thailand plans to further ease overseas investment rules by early next year, allowing more capital outflow, to temper gains in the export-reliant baht currency. The BoT will increase the limit on foreign currency deposits and allow money transfers between foreign currency deposits held by individuals and companies, deputy governor Mathee Supapongse told […]
Read MoreIndividuals will no longer be allowed to invest in real estate abroad if a new draft decree issued by the Ministry of Planning and Investment is approved. Enterprises founded under the provisions of the Law on Enterprise would be exempt from the ruling. The regulation aimed at preventing individuals from investing in real estate in […]
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Thailand
