Many businesses have begun to recover since the government relaxed Covid-19 restrictions in the middle of this year and tourists began returning to Laos, according to a business representative. “At present, businesses which are doing well and growing fast are related to tourism,” the Vice President of the Lao National Chamber of Commerce and Industry, […]
Read MoreThe Monetary Policy Committee is set to raise its key rate by a quarter point for a third straight meeting as an accelerating economic growth aided by tourism revival risks stoking prices. The MPC of the Bank of Thailand will increase the benchmark one-day repurchase rate by 25 basis points to 1.25% on Wednesday, according […]
Read MorePETALING JAYA: The continued rise in Malaysia’s core inflation leaves Bank Negara with little choice but to raise interest rates even higher. The core inflation, which excludes administered and volatile price items, reached a new peak in October at 4.1% year-on-year (y-o-y), even though the country’s headline inflation has been moderating to 4% in the […]
Read MoreMANILA, Philippines — The Bangko Sentral ng Pilipinas (BSP) has raised the bar for consumer protection in line with its broader efforts to promote the welfare of financial consumers. BSP Governor Felipe Medalla has issued Circular 1160 to implement Republic Act 11765 or the Financial Products and Services Consumer Protection Act (FCPA). “The circular is […]
Read MoreThe cabinet has approved a financial transaction tax on individual stock investors, ending a four-decade waiver. According to Finance Minister Arkhom Termpittayapaisith, Tuesday’s decision aims to create fairness in the tax system between securities traders in the stock market and people who do not interact with the Thai bourse. The financial transaction tax on share sales […]
Read MoreMANILA, Philippines — The Philippine economy is facing a tough 2023 amid a new set of global headwinds that could creep into the domestic front, with growth expected to fall below government expectations, the state-run think tank said. In its latest discussion paper, the Philippine Institute for Development Studies (PIDS) said domestic activity may weaken […]
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Thailand
