The government’s flagship Eastern Economic Corridor (EEC) will stimulate private investment and rev up corporate loan demand next year, says a senior official at Bangkok Bank (BBL). Corporate loan demand is improving in line with the economic recovery, driven by the government’s infrastructure investment plan, while the EEC is expected to be the key driver […]
Read MoreMANILA, Philippines — The World Bank has offered to assist the Asia-Pacific Economic Cooperation (APEC) in crafting solutions that would ensure the region is financially resilient against disasters and calamities, the Department of Finance (DOF) said yesterday. In a report to Finance Secretary Carlos Dominguez, Finance Assistant Secretary Paola Alvarez said the World Bank has […]
Read MoreYangon Chief Minister U Phyo Min Thein has urged edible oil merchants and businessmen to invest in the local cooking oil sector. As domestic production is not sufficient for consumption, Myanmar is forced to import cooking oil. As such, U Phyo Min Thein said boosting domestic production of edible oil is needed to reduce reliance […]
Read MoreSINGAPORE (BLOOMBERG) – Singapore’s Senior Minister of State for Law and Finance Indranee Rajah said the government is looking at widening levies on e-commerce to broaden its tax base. In an interview with Bloomberg on Tuesday (Nov 21), Ms Indranee named e-commerce as one area that would allow Singapore to further diversify its tax base. […]
Read MoreMANILA, Philippines — Filipinos’ total wealth declined in 2017, according to a report by Credit Suisse that also shows slightly increasing wealth inequality in the country. The Swiss bank’s annual global wealth report revealed the Philippines’ total wealth depleted to $593 billion in 2017, lower than 2016’s $607 billion. Credit Suisse uses three components to […]
Read MoreThe Hanoitimes – It is expected that the Vietnam’s economy will continue the trend of sustainable development in the mid term, while GDP in 2017 is expected to reach 6.3% and continues growing in range from 6.4% – 6.8% in 2018. Vietnam’s economy in the first 10 months of 2017 has been growing in various fields. […]
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Thailand
