Bank of Thailand governor Veerathai Santiprabhob has thrown his support behind the government’s plan to form a fiscal and monetary committee, saying the new body would reinforce cooperation among related agencies to better handle rising global economic uncertainties. The imminent committee will not have any impact on the central bank’s monetary policy decision-making, leaving its […]
Read MoreWithdrawing Cambodia’s tax-free entry into the European market would negatively nearly four million people, the Garment Manufacturers Association of Cambodia (GMAC) said Monday, as a monitoring period to determine eligibility for the trade scheme drew to a close. The European Commission on Feb. 12 launched a six-month investigation to determine whether the country’s exports should […]
Read MoreIFC, a member of the World Bank Group, has been supporting the Building Control Authority of the Yangon City Development Committee (YCDC) in efforts to reform the construction permit system and improve the ease of doing business in the city. The Yangon Building Permit System, an automated, paper-free system, went online on July 1 and […]
Read MoreA senior Lao government official has warned that unregistered currency exchange services that violate currency regulations must be punished. A number of foreign currency exchange services in Laos are openly flouting regulations, exacerbating the fluctuation of exchange rates, Vice President of Lao National Chamber of Commerce and Industry (LNCCI,) Ms Valy Vetsaphong said during a consultative meeting […]
Read MoreSINGAPORE has cut its official growth forecast for the second quarter running, on a flat economic performance in the first half of the year. The gross domestic product (GDP) is likely to come in between zero growth and 1 per cent for the full year, the Ministry of Trade and Industry (MTI) said early on […]
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