KUALA LUMPUR (BLOOMBERG) – Malaysian policymakers should consider reintroducing the goods and services tax (GST) at an appropriate time, Economy Minister Mustapa Mohamed said on Thursday (Aug 12). “While the government will always put the people first, when this crisis settles down and things normalise, we must begin to gradually set our economy back on […]
Read MoreThe weakening baht against the US dollar has propped up the export sector, which could register higher growth this year if Thailand can overcome challenges ranging from the ongoing pandemic to shortages of containers and labour. Baht trading on Wednesday opened at 33.45 baht against the dollar, moving in a range of 33.34-33.47 during day […]
Read MoreHigh-end apartment prices continued increasing in the second quarter, according to the Ministry of Construction (MOC). Some projects are being offered at high prices of VND650-800 million per square meter. In the second quarter of the year, banks eased lending interest rates and offered a series of preferential credit packages to support home buyers. About […]
Read MoreKUALA LUMPUR – Malaysia’s economy grew by 16.1 per cent in the second quarter this year, compared with 2020 when a strict movement control order (MCO) was first imposed due to the Covid-19 pandemic. But restrictions since May in a bid to curb a new wave of infections have resulted in the gross domestic product (GDP) declining by […]
Read MoreMANILA, Philippines — The stricter lockdown measures aimed to slow the spread of the more infectious COVID Delta variant pose serious challenges to the economy and the labor market, a Department of Finance official said. Finance Undersecretary and chief economist Gil Beltran said the imposition of enhanced community quarantine (ECQ) in the National Capital Region […]
Read MoreThai rice exports are expected to continue to increase for the rest of this year, helped by the weak baht and relatively low prices. Chookiat Ophaswongse, honorary president of the Thai Rice Exporters Association, said he was bullish about Thai rice export prospects for the remaining months of 2021 after exports tallied only 2.8 million […]
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