While seen as positive, Nay Pyi Taw’s proposed change of fiscal year alone cannot address the lack of flexibility in the annual budgeting process, according to businesses. The adoption of multi-year budgeting should be adopted instead. Lawyers, investors and financiers told The Myanmar Times that while changing the fiscal year could bring some advantage to the economy, […]
Read MoreThe Bank of Thailand will maintain its inflation target band of 1-4% for next year on expectations that inflation will fall back to the lower band by mid-2018, says governor Veerathai Santiprabhob. “Currently, our forecast still points to [headline] inflation reaching the target band in early to mid-2018, so there’s no need to change the […]
Read MoreTEMPO.CO, Jakarta – The government has decided to increase the cigarette excise tariff by 10.04 percent, which will be enforced on January 1, 2018, Finance Minister Sri Mulyani Indrawati said Thursday, October 19. According to Sri Mulyani, the government had taken several factors into considerations before deciding to increase the excise tariff hike. One of them is an aspiration from […]
Read MoreThailand’s baht currency is still moving in line with economcic fundamentals and regional peers, the central bank governor said on Thursday, as the baht hovered near more than 29-month highs against the dollar. Thailand’s external position is strong enough to cope with rises in US interest rates, Veerathai Santiprabhob told reporters. The baht has strengthened […]
Read MoreExports set a new monthly high at US$21,812 million in September, rising 12.2% year-on-year, and export growth in the first nine months of the year peaked was the best in six years. Commerce Minister Apiradi Tantraporn said on Thursday the value of exports in September was the highest on record. Exports had now grown for […]
Read MoreHANOI – It’s time Vietnam shift its attention to quality and sustainable development and eye industry 4.0 technologies to attract foreign direct investment (FDI), experts said at an online dialogue on FDI promotion strategies organised on Tuesday in Hanoi. Three decades since the Law on Foreign Investment was issued in December 1987, FDI has become […]
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