Indonesia has the lowest percentage of individual income tax revenue to GDP compared to neighbouring countries — 1.3 per cent, compared to 1.9 per cent in Thailand, 2.1 per cent in Philippines and 2.7 per cent in Malaysia. Due to the economic impact of the COVID-19 pandemic and the provision of related short-term tax incentives, Indonesian tax […]
Read MoreMyanmar will reopen land border crossings with China and Thailand next month ahead of a planned resumption of international air travel by 1Q2022. The decision comes as vaccination rates have improved significantly amid clear signs of economic recovery from the Covid-19 pandemic, according to a statement by the Ministry of Information. Maung Maung Ohn, minister […]
Read MoreSINGAPORE exports rose for the 11th straight month in October, driven by non-monetary gold, specialised machinery and petrochemicals, though electronics shipments also remained strong. Non-oil domestic exports (NODX) growth jumped by 17.9 per cent year on year, up from the 12 per cent expansion in September and also ahead of the median estimate of 15.1 […]
Read MoreSeeking capital to help recover production and business is not easy but it’s not the biggest difficulty, experts say. The tougher task is driving money “to the right addresses at the right time”. In 2021, Vietnam has had to struggle with the impact of Covid-19 which has been far more serious than in 2020. The […]
Read MoreMANILA, Philippines — The Bangko Sentral ng Pilipinas (BSP) has issued the revised governance standards for banks and non-banks, particularly on the election of directors and independent directors. BSP Governor Benjamin Diokno said the Monetary Board has issued Resolution 1484 approving the amendments to the relevant provisions of the Manual of Regulations for Banks (MORB) […]
Read MoreThe Lao kip has continued its depreciation against foreign currencies, reaching its lowest value against the US dollar in more than fifteen years. The value of the national currency of Laos continues to plummet despite attempts by the Bank of the Lao PDR (BOL) to reign in inflation. While the Lao kip has steadily lost […]
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Thailand
