The Hanoitimes – The relaxation of foreign ownership ceiling to 49 percent is needed to help banks meet requirements in the country’s integration and be able to compete with international peers. The government should lift the foreign holding ratio at local commercial banks to 49 percent from the current 30 percent to help banks meet requirements […]
Read MoreAs the tax to GDP ratio for Myanmar is lower than that of its regional peers, successive governments have prioritised more efficient tax collection. Efforts to reform tax collection began in 2012 under former president U Thein Sein. The aim of the effort was to put in place a modern tax administration system. The first […]
Read MoreThailand has overtaken Russia and India as the most unequal country in the latest survey by a Swiss bank. Banyong Pongpanich, chairman of Phatra Securities, posted on Facebook on Wednesday the findings of the Credit Suisse Global Wealth Databook 2018 conducted on 40 countries. He expressed concern about the trend. Two years ago, Thailand ranked […]
Read MorePhilippine-made consumer goods are expected to increasingly flow into the Kingdom as a result of rising Cambodian purchasing power, an announcement from the Philippine Department of Foreign Affairs on Tuesday said. “With a young and dynamic population and increasing purchasing power, the Cambodian market presents great opportunities for Philippine companies seeking to grow their business […]
Read MoreTEMPO.CO, Nusa Dua – Finance Minister Sri Mulyani Indrawati ensures the state budget deficit at the end of 2018 will be around 1.86-1.87 percent of the gross domestic product (GDP). The prediction is lower than the target set in the 2018 State Budget (APBN) which was 2.19 percent. “Now the deficit is still at 1.95 percent. Until year’s end, it is estimated to be 1.86-1.87 percent,” said Sri on Thursday, December 6, during a media meeting in […]
Read MoreTHE Consumer Price Index (CPI) of Brunei Darussalam in October 2018 decreased by 0.02 per cent year-on-year compared to October 2017 due to a decrease in Non-Food prices by 0.3 per cent year-on-year. Meanwhile, prices of Food and Non-Alcoholic Beverages increased by 1.1 per cent year-on-year, according to a release from the Department of Economic […]
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Thailand
