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Thailand: Shopping handout measures underway

The Finance Ministry is preparing to roll out a tax rebate and cash handout incentives to shore up consumer spending. The two measures will be implemented to entice consumer spending, with the format adjusted from the “Taste, Shop, Spend” and “Shopping for the Nation” schemes, with the core focus to stimulate taxpayer spending through tax […]

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Cambodia: NBC yet to issue ‘small banknote fee’

The National Bank of Cambodia (NBC) is continuing to accept small denomination US banknotes ($1, $2 and $5) “free of charge” from financial institutions, despite the August 31 deadline it had set out in May. The NBC made the comments as Cambodia’s largest microfinance institution, Prassac,  announced internal discussions to deliberate the swapping  of the […]

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Thailand: Inflation down in September

The consumer price index (CPI) fell 0.70% year-on-year in September, the Commerce Ministry said on Monday. The ministry said low energy prices and electricity bills had contributed to the 0.7% decline of the headline inflation, compared with the same period of last year. Core inflation, another gauge which excludes volatile food items and energy prices, […]

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Philippines: Customs September revenues down but sufficient to beat goal

MANILA, Philippines — Chronic weakness in global trade amid the pandemic continued to weigh on revenues generated by the Bureau of Customs, although collections were still enough to exceed the government’s tempered target in September. Customs raised P50.2 billion last month, beating the government’s downwardly revised P37.7-billion collection target by 33.2%, the agency said in […]

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US initiates probe on Vietnam’s alleged currency valuation

The Hanoitimes – The detail of the investigation is scheduled to be made public this week. The Office of the US Trade Representative (USTR) last Friday announced its decision to initiate an investigation to determine whether an undervalued Vietnamese dong (VND) may cause negative impacts on US commerce.   Additionally, the USTR will also review Vietnam’s acts, […]

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Thailand: High-risk tourists barred from visit

The Foreign Ministry on Saturday clarified the details of the Special Tourist Visa (STV) for long-stay tourists, saying the most important requirement for all applicants is they must be coming from low Covid-19 risk countries. The STV scheme is a part of the state’s bid to revitalise the economy. Prospective STV applicants are being advised […]

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