The Bank of Thailand on Friday issued a verbal intervention, saying it is ready to rein in the baht if the currency strengthens so rapidly that the private sector is damaged. The central bank is monitoring the foreign currency market and will act to stem the baht’s rise if the currency gains so quickly that […]
Read MoreTyas Weningsih Putri left her village in Kendal, Central Java in August 2016 to try her luck for a second time as a migrant worker in Malaysia. She had been recruited to work in a birds’ nest processing factory and expected to receive 900 ringgit per month, as stated in her contract. There were 152 […]
Read MoreAfter nearly two years in power, Myanmar State Counsellor Aung San Suu Kyi and her government face a crucial year ahead. Apart from significant political problems — resolving the troubles in violence-torn Rakhine state and reviving the stalled peace process — the government needs to show dramatically improved performance on the economic front. With elections […]
Read MoreThe double tax avoidance agreement (DTA) between Cambodia and Singapore came into effect this month, helping clarify taxation rights on all forms of income arising from cross-border business activities, while minimising double taxation. On January 1 the Inland Revenue Authority of Singapore (IRAS) issued an announcement stating that the DTA with Cambodia “comes into effect […]
Read MoreKUALA LUMPUR: The ringgit continued its upward momentum to open at a 19-month high of 3.9880/9930 against the US dollar Monday, on improved sentiment towards the local note. It was prompted by the strong trade surplus, as well as, expectations of a hike in the Overnight Policy Rate (OPR) by Bank Negara Malaysia this year. […]
Read MoreIntense competition from global commerce players has forced local e-marketplace operators to adapt for survival. Two local e-marketplaces that have been operating for over a decade are shifting their strategies. Weloveshopping.com is moving its focus from online to offline, and synchronising online channels with True Corporation, while Tarad.com is in discussions with a new strategic […]
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Thailand
