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Philippines: Peso extends losing streak

MANILA, Philippines — The peso extended yesterday its losing streak to six trading days, slumping to a new record low of 57.18 to $1, 4.5 centavos weaker than Wednesday’s 57.135. The local currency, which has been hitting all-time lows since Friday last week, opened stronger at 57.07 and strengthened  to an intraday high of 57.06. […]

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Thailand: Agency drafts law on tax transparency

The Revenue Department plans to propose a draft law on the exchange of financial account information of non-residents to the cabinet, according to director-general Lavaron Sangsnit. He said parliament ratified the Multilateral Competent Authority Agreement on Automatic Exchange of Financial Account Information on Sept 6. The agreement provides a standardised mechanism to facilitate the automatic […]

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Thai oil refining firm eyes investment in Vietnam

Thai Oil Plc (TOP), Thailand’s the largest oil refining company by capacity, is looking forward to pouring its investment in Vietnam, Indonesia and India, in the fields of oil refinery, lube oil and high-value petrochemical products. TOP expects bright prospects from business expansion into these countries. According to The Bangkok Post, the Thai firm has […]

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