Any measures authorities take to curb gains in the currency will not disrupt the “market mechanism” of the baht, Finance Minister Uttama Savanayana said on Monday. There are additional steps that can be taken to “rebalance the baht,” such as increasing outbound investment, Mr Uttama said in an interview at the Asian Financial Forum in […]
Read MoreFACED with rising business costs and wages in a challenging operating environment, companies want those issues addressed in this year’s Budget. To that end, they are seeking tax relief and other business lifelines, with tax reductions and rebates topping their wishlists, according to the Singapore Business Federation’s (SBF) latest annual survey of over 1,000 companies […]
Read MoreAmerican credit rating agency Moody’s has assigned a B3 rating with a positive outlook to the government of Laos, citing the country’s high economic growth potential. The rating agency pointed out, however, the country’s weak executive institutions, limited transparency, and the small economy could be potential challenges. It is the first time for Laos to receive such […]
Read MoreMyriad negative factors, including lower exports, widespread drought, baht strength, political uncertainty and poor business sentiment have prompted the University of the Thai Chamber of Commerce (UTCC) to lower its economic growth forecast to 2.8% for this year. Thanavath Phonvichai, the UTCC’s president, said the domestic political situation is the business sector’s biggest concern because […]
Read MoreMyanmar recorded over 4880 hours of internet blackout time in 2019, costing the country US$75.2 million, a report by a digital privacy organisation estimates. The international internet research firm Top10VPN released a report – Global Cost of Internet Shutdowns in 2019 – last week, revealing a global economic cost at $8.05 billion for shutting down […]
Read MoreJAKARTA (AFP) – Indonesia and the United Arab Emirates (UAE) have struck nearly USD23 billion in business deals, including agreements in the energy sector and on infrastructure projects, the Southeast Asian nation said yesterday. The investments will be made through a new Indonesian sovereign wealth fund set to also involve Japan’s Softbank and United States […]
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