vn06
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China tests digital currency and policy recommendations for Viet Nam

China this month started testing its sovereign digital currency, the so-called Digital Currency Electronic Payment (DCEP), putting pressure on Vietnam to research cryptocurrency in the context of international integration. Commenting on the move, Bao Dau Thau (Bidding) online newspaper quoted Nguyen Tri Hieu, a banking and financial expert, as saying that digital currencies were a […]

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th04
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Thailand: Automaker tax aid seen as ‘win-win’

Patchara Anuntasilpa, head of the Excise Department, hinted he personally supports automakers’ tax cut proposal to boost domestic demand, saying it could be a win-win for all. Against the backdrop of a reeling economy, consumers will not purchase new cars if prices are not reduced, which hurts excise revenue, he said. “New assembled cars sitting idle […]

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indo01
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Indonesia: 11 companies sign deals to buy gas at lower prices

Eleven companies have signed agreements with gas producers to buy cheap natural gas as part of the government’s incentive to boost Indonesia’s economic growth. Four manufacturers and seven gas distributors will, respectively, purchase gas at US$6 per million British thermal unit (mmbtu) and $4 per mmbtu directly from oil and gas fields. The distributors will […]

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