In the second half of the last fiscal year, from October 2016 to March 2017, receipts from taxes on oil and natural gas extraction and income taxes were lower than expected. However, taxes on special goods and commercial tax including taxes collected from telecom operators was much higher than expected, totalling about K203 billion. The […]
Read MoreThe Bank of Thailand’s Monetary Policy Committee (MPC) yesterday raised its 2017 economic growth forecast slightly to 3.5% from 3.4% earlier predicted after revising up export growth to 5%, but kept the policy rate unchanged at 1.5%. The rate-setting committee lifted its Thai economic growth outlook due to robust exports, said Jaturong Jantarangs, assistant governor of […]
Read MoreHANOI — Vietnamese mobile service operators are racing to reduce the charges for roaming services after the Ministry of Information and Communications allowed mobile operators to negotiate with foreign partners about international roaming services since June 1. Military-run telecom group Viettel announced that all its pre-paid and post-paid subscribers would be offered preferential international data […]
Read MoreKUALA LUMPUR: Malaysia’s economic outlook has improved. But the Socio-economic Research Centre (SERC) says it remains cautiously optimistic on the country’s growth prospects amid the current unpredictable global economic, financial and political landscape. The independent research institution yesterday raised its 2017 gross domestic product (GDP) growth projection to 5% from the initial estimate of 4.6% […]
Read MoreSINGAPORE: Southeast Asian markets trod with caution on Thursday after minutes from the U.S. Federal Reserve’s last meeting showed policymakers were split on the outlook for inflation and how it might affect the future pace of interestrate rises. The minutes of the Fed’s June policy meeting released on Wednesday also showed that several officials wanted […]
Read MoreMANILA, Philippines – The national government’s outstanding debt may reach P6.47 trillion by end-2017, corresponding to about 40.76 percent of the country’s gross domestic product, the Bureau of the Treasury said. National Treasurer Rosalia De Leon said the country’s outstanding debt for 2017 may increase 6.24 percent to P6.47 trillion from the P6.09 trillion recorded […]
Read More
Thailand
