Central banks need to figure out how they can safely use central bank digital currencies (CBDCs) for businesses to send money to one another in cross-border payments, Mr Ravi Menon, managing director of the Monetary Authority of Singapore (MAS), said at an International Monetary Fund and Swiss National Bank conference in Zurich yesterday. A CBDC […]
Read MoreConsumer sentiment plunged for the fourth straight month in April, hitting the lowest level in eight months, as consumers remained concerned about rising costs of living and high oil prices caused by the impact of Russia’s invasion of Ukraine. The University of the Thai Chamber of Commerce (UTCC) reported on Tuesday the consumer confidence index fell […]
Read MoreMANILA, Philippines — Japanese investment bank Nomura expects inflation staying above five percent over the next three months after quickening to its highest level in more than three years to 4.9 percent in April. Nomura chief ASEAN economist Euben Paracuelles and analyst Rangga Cipta said the investment bank is maintaining its 2022 inflation forecast of […]
Read MoreThe General Department of Taxation (GDT) is set to raise awareness among business owners in Cambodia on the investigation into tax and money laundering crimes to increase tax revenue and reduce negative monetary impacts on the economy. Business owners and representatives can get keep themselves abreast of the consequences of tax crimes and money laundering […]
Read MoreCommerce Minister Jurin Laksanawisit has admitted that certain products will be allowed to increase their prices because of higher oil costs, which directly affect production costs and transport fees. However, he pledged the ministry will try its best to supervise and maintain consumer goods prices to ensure a minimal impact on consumers, saying the approval […]
Read MoreThe Government’s board for private economic development research (IV Board) has proposed the scrapping of pre-entry COVID-19 testing requirements for foreign arrivals to Vietnam to stimulate tourism. The proposal, which also requested the health ministry to stipulate that rapid COVID-19 tests should be conducted at the border gates only for those who display suspect COVID-19 […]
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Thailand
