Indonesia’s foreign debt rose to US$413.4 billion in October driven by higher borrowings by the private sector and the government, Bank Indonesia (BI) announced Tuesday. Indonesia’s external debt, which includes government and private-sector borrowings, increased 3.3 percent year-on-year (yoy) in October, lower than 3.8 percent yoy growth recorded a month prior, as the government paid […]
Read MoreHigher inflow for 2nd straight month in October MANILA, Philippines — Remittances increased for the second straight month in October as overseas Filipino workers (OFWs) continued to find a way to send their hard-earned money despite the challenges brought about by the pandemic, the Bangko Sentral ng Pilipinas (BSP) said yesterday. Based on BSP data, […]
Read MoreThe government has introduced a tax break policy to attract more private investment in Xaysomboun to enable the province to catch up economically with other areas of Laos. The 12-page Decree on Economic Development Policy in Xaysomboun, signed by Prime Minister Thongloun Sisoulith, is being circulated among the sectors concerned. Deputy Minister of Information, Culture […]
Read MoreThe Hanoitimes – Vietnam’s trade turnover is expected to hit $540 billion this year, marking a year-on-year increase of $23 billion. Vietnam posted a trade surplus of US$754 million in November, further expanding the cumulative surplus in the 11-month period to US$20.06 billion from US$19.5 billion recorded one month earlier, according to the General Department of […]
Read MoreCentral Bank of Myanmar, which has been purchasing US dollar earlier this year, sold $3 million on December 14 at the rate of K1,372.2 per dollar. On the same day, dollar was traded around K1,365-1,370 in the domestic market. Myanmar Kyat against US dollar has been strong since the begining of 2020 and […]
Read MoreThe government’s tax revenue collection in the first month of fiscal 2021 fell short of its target by 15.4 billion baht or 8.5%, attributed to the impact of the pandemic. Kulaya Tantitemit, acting director-general of the Fiscal Policy Office (FPO), reported yesterday the government garnered net revenue of 167 billion baht in October, 15.4 billion […]
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Thailand
