The Bank of Thailand has initiated a cross-border fund transfer with Cambodia, Laos, Myanmar and Vietnam (CLMV) by scanning QR codes in a move to facilitate deeper integration in the region. The money transfer service will help lower fund transfer costs in the region, particularly CLMV migrant workers in Thailand who are now charged 10% of […]
Read MoreThe Public Health Ministry’s proposed tax hike legislation on cigarette packs, aimed at subsidising expenses of the gold card healthcare scheme, has to comply with the Finance Ministry’s fiscal discipline regulations, says Finance Minister Apisak Tantivorawong. Mr Apisak said he has not been notified of the move to raise the levy by two baht per cigarette […]
Read MoreTEMPO.CO, Jakarta – The Central Statistics Agency (BPS) noted there was a 0.18 percentdeflation in September 2018 compared to the previous month. Nevertheless, some commodity groups are still experiencing price hikes albeit with a thin margin. “Rice prices are up 0.9 percent. But because the increase is less than one percent, we don’t highlight it as it only has 0.01 percent impact on inflation,” […]
Read MoreThe Hanoitimes – There should be appropriate incentives and conditions for Vietnamese enterprises to acquire foreign invested companies, enabling the former to obtain new technologies and move up in the global value chain, the Ministry of Planning and Investment (MPI) informed. The private sector holds significance for Vietnam’s economy, while the FDI sector only accounts for […]
Read MoreMANILA, Philippines — The International Monetary Fund (IMF) is urging the Duterte administration to address rising inflation and sustain economic reforms, including ensuring financial stability and opening sectors to competition, to reduce poverty and inequality. In its country report released last Sept. 27, the IMF said the Philippine economy “continues to perform strongly” with a projected 6.5 percent growth this […]
Read MoreSINGAPORE passed into law on Monday a new type of entity – the Variable Capital Company – that will be a game changer for the Republic’s fast-growing fund management industry. The Variable Capital Companies (VCC) Bill, approved by Parliament on Monday, aims to boost the fund management ecosystem by encouraging funds to both incorporate and […]
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