Bank of Thailand governor Veerathai Santiprabhob has sounded the alarm over potential sharp market corrections based on a mismatch between market expectations and economic fundamentals. The recent sell-off in global equities and bonds is an example of a market correction triggered by a mismatch between US economic readings and market expectations, he said. “Such market […]
Read MoreCAMBODIAN Commerce Minister Sorasak Pan expects the value of Thai direct investments in his country will double by 2020, driven by expansion in services, agricultural processing, small and medium-sized enterprises and restaurants. Cambodia also expects to see a more balanced trade between the two countries under a target for bilateral trade to reach US$15 billion […]
Read MoreTEMPO.CO, Jakarta – Trade Minister Enggartiasto Lukita agrees with the e-commerce tax plan proposed by Industry Minister Airlangga Hartanto. “Yes I concur,” said Enggartiasto, referring to the 0.5 percent tax rate on Thursday, February 22. Enggartiasto argues that it would be the best move to support the small and medium-sized enterprises (SME) and industries (IKM) in the country. “Remember that […]
Read MoreSINGAPORE: Singapore’s government may have given the central bank a green light to charge ahead with monetary policy tightening this year. Economists are more confident in their calls that the Monetary Authority of Singapore (MAS) will exit its neutral stance as soon as the next scheduled decision in April. They’re encouraged after Finance Minister Heng […]
Read MoreThai Beverage Plc, Thailand’s largest food and drink company, controlled by billionaire Charoen Sirivadhanabhakdi, is getting close to fulfilling its 2020 vision to become a sustainable Asean leader after completing four major acquisitions worth 200 billion baht in the first quarter of its fiscal 2018 (October to December 2017). Chief executive Thapana Sirivadhanabhakdi said the […]
Read MoreSINGAPORE: Businesses providing digital services, such as the streaming of entertainment content, will have to pay the Goods and Services Tax (GST) from Jan 1, 2020, Finance Minister Heng Swee Keat said. Experts contacted by TODAY said that this move is one of the first steps that the government is taking to look at ways for taxes […]
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