Thailand’s border trade is expected to grow 10-14 percent this year from an estimated 1.6 trillion baht in 2017, driven by growing demand for Thai goods, underlining the importance of partnerships on trade and investment as well as working to improve trade with minor cities in neighbouring countries. Adul Chotinisakorn, deputy director–general of the Foreign […]
Read MoreKUALA LUMPUR: Malaysia’s gross domestic product is expected to expand by 5.2 per cent in 2018, on the back of strengthening domestic demand and resilient external markets. RAM Rating Services Bhd economist, Kristina Fong, said in general, hiring activities and labour force was becoming healthier this year, which would help boost domestic demand. Investment activities […]
Read MoreSpeculation is buzzing that the Singapore government will raise the goods and services tax in its Feb. 19 budget rollout. But GST probably won’t be the whole story. Authorities have several other options to increase taxes, or at least signal that they’re needed in the coming years, as the city state grapples with rising health […]
Read MoreHANOI — Non-performing loans (NPLs) of credit institutions were controlled effectively in 2017, helping the NPL ratio of the entire banking system reduce to 2.3 per cent from 2.46 per cent in late 2016. Deputy governor of the State Bank of Vietnam (SBV), Nguyen Kim Anh, said the ratio of NPLs and other risky debts that could […]
Read MorePETALING JAYA: A rise in benchmark interest rates and the strengthening ringgit is expected to lure more foreign investors to buy Malaysian government bonds, which will result in a net positive inflow of foreign funds towards the end of this year. Foreigners hold around a quarter of Malaysian government bonds, down from the high of 34.7% […]
Read MoreTHE MINISTRY of Finance expects private investment to lead growth of the Thai economy this year, following 10,411 business operators exercised 1.5-time tax deduction on investment worth about Bt281 billion, an all-time high. In 2017, Revenue Department launched its tax incentives to promote investment, allowing companies or juristic partnership to deduct its investment expenditure in […]
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Thailand
