Many banks might have recorded positive profit growth in 2022. But challenges are awaiting them this year given negative factors such as high interest rates and bad debt. Rising interest rates On January 5, 2023, VietinBank said it was looking to obtain VND19.45 trillion in pre-tax profit in 2022, up 15.4% from 2021. At its […]
Read MoreCustoms Department deputy director-general Phantong Loykulnanta has emphasised customs officials will not conduct personal inspections of arriving foreign tourists at airports, even if they are carrying or wearing multi-million-baht personal items. He said this policy aligns with the country’s reopening. Mr Phantong said it is the department’s policy to make life convenient for tourists and not […]
Read MoreThe General Department of Taxation (GDT) of the Ministry of Economy and Finance (MEF) has warned owners of commercial gambling businesses to fulfill tax obligations failing which legal action shall be initiated against them, said a statement. MEF Minister Aun Pornmoniroth approved last Wednesday that the internal tax authority GDT would provide tax incentives and […]
Read MoreKUALA LUMPUR: Malaysia’s headline consumer price inflation is expected to moderate to between 2.5 and 3.0 per cent in 2023, compared to 3.3 per cent estimated for 2022, mainly driven by the easing of global supply constraints and stabilising of commodity prices. The World Bank said the forecast is premised on the assumption that the […]
Read MoreMANILA, Philippines — The Department of Finance welcomed the US Federal Reserve’s “softer” interest rate hike while forecasting that inflation in the Philippines has reached its long-awaited peak. This was what Finance Secretary Benjamin Diokno told the private sector in a Friday briefing organized by the Makati Business Club. “I think it has peaked. We look […]
Read MoreThe Ministry of Industry and Trade plans to set a target of 6% growth in export value this year, considering unpredictable factors that can affect import-export, according to Deputy Minister Do Thang Hai. Speaking at the regular Government press conference for January on February 2, the deputy minister said export revenues reached 371.3 billion USD […]
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Thailand
