Thai economic growth in the second half is expected to outpace the first half’s rate, underpinned by a recovery in domestic demand, says a senior official at the Bank of Thailand. “We [the Bank of Thailand] expect the Thai economy to grow better in the second half of this year from a stronger recovery in […]
Read MoreHANOI — Strong second quarter growth has led Vietnam’s economy back from a disappointing first quarter performance, with gross domestic product growth reaching 5.73 per cent in the first half of 2017. 2017’s first quarter GDP scored only 5.15 per cent, far lower than that of the two previous years. The second quarter, announced the […]
Read MoreThe Bank of Thailand is set to announce tighter regulations governing unsecured loans next month as part of its effort to discourage consumers, particularly low-income earners, from accumulating further debt. The central bank is conducting public hearings on the regulations, expected to be announced in the Royal Gazette in July, said Ruchukorn Siriyodhin, deputy governor overseeing […]
Read MoreThe tax authority yesterday refuted local media claims that it had endorsed a private sector call to end Phnom Penh City Hall’s taxation of billboards and commercial signage throughout the capital, which advocates have said imposes an onerous levy on local businesses. In a clarification letter, the General Department of Taxation (GDT) claimed a media […]
Read MoreMANILA, Philippines – Government-owned and controlled corporations remitted lower dividends to the national government in the first five months despite a recovery in May, according to the Bureau of the Treasury (BTr). Based on the latest Treasury data, state corporations remitted P18.64 billion in dividends from January to May, 32.83 percent lower than the P27.75 […]
Read MoreHANOI — Vietnam imported US$376 million worth of fruits from Thailand in the first half of this year, which was double the figures of the same period last year. With the turnover, Thailand has become the leading supplier of fruits to Vietnam, accounting for over half of Vietnam’s six-month fruit imports at $507 million, according to the Ministry of Agriculture and Rural Development. During […]
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