At a fruit market in Wanding, Ruili, a county on the China-Myanmar border, workers are transferring watermelons and muskmelons from Myanmar to heavy trucks which will soon leave for Beijing, Shanghai and other cities in China. “Burmese fruit tastes good and enjoys great popularity among Chinese people,” Said Liu Hongfang, a manager of the market. […]
Read MoreIn an effort to encourage tourist spending and empower small and medium enterprises (SMEs), the government will revise a regulation pertaining to value-added tax (VAT) that would allow foreign tourists to get tax refunds for their spending. The Finance Ministry’s director general for taxation, Robert Pakpahan, said a new regulation, which will revise Finance Ministerial Regulation No. 76/2010, […]
Read MoreSINGAPORE: The Singapore dollar’s three-month winning streak is facing its stiffest test yet as global growth headwinds dim the outlook for further central bank tightening. An above-consensus inflation report today would go a long way toward ensuring the currency’s advance remains on track. A gauge of the country’s nominal effective exchange rate, which the Monetary […]
Read MoreTHE government has vowed to improve the regulatory framework related to Indonesia’s digital economy as it aspires to become South-East Asia’s digital hub next year. In the near future, digital technology will deeply influence the country’s development, said Rudy Salahuddin, an official from the Office of the Coordinating Economic Minister. For that purpose, the government […]
Read MoreKUALA LUMPUR: Despite being a resilient economy, Malaysia needs to find its growth narrative if it is to continue to move forward, says a leading regional economist. Maybank Kim Eng senior economist Chua Hak Bin said this, adding that there are several low-hanging fruits that the country could capitalise on, two of which are the […]
Read MoreThe Finance Ministry will put cross-border payments and a standard for QR code payment on the agenda at the upcoming Asean Finance Ministers’ Meeting (AFMM) held in Thailand. Creating cross-border payment and adopting a QR code standard across Asean will be proposed by the Finance Ministry at the meeting to allow member countries to push the issues, […]
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Thailand
