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Thailand: BoT blames easy loans for household debt woes

Zero-interest unsecured loans and online shopping are blamed for the country’s swelling household debt, says the Bank of Thailand’s chief. Previous administrations’ tax rebates for first-time car buyers, financial institutions’ promotional campaigns, and changing consumer behaviour in the digital era are also factors spurring retail loan demand and debt accumulation, said central bank governor Veerathai […]

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Brexit may have minimal impact on Singapore

Singapore’s limited exposure in terms of trade and investment in Britain could see the Republic emerge relatively unscathed from Brexit, which remains mired in uncertainty after a chaotic parliamentary session in Britain last week, analysts said. Singapore’s trade with Britain accounted for only one per cent of its total exports and 2.1 per cent of […]

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Vietnam enterprises should actively manage tax risks: EY

The Hanoitimes – The tax environment has been affected by trade wars, political instability, the world economy’s volatility and rapid technology advancement. Companies in Vietnam should properly invest the right resources in order to meet and comply with new regulations, as well as to avoid tax risks given changes in the global business environment and newly […]

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