MANILA, Philippines — The government has spent more for debt service in nine months this year than it did for the whole of last year due to increases in both interest payments and amortization. According to the Bureau of the Treasury, debt payments in the nine months to September grew 15 percent to P963.86 billion […]
Read MoreThailand’s internet economy is expected to be worth US$30 billion (around 984 billion baht) in 2021, up 51% year-on-year, buoyed by a surge in e-commerce, according to the latest e-Conomy SEA 2021 report. The annual study of Southeast Asia’s internet economy is jointly commissioned by Google, Bain & Company and Temasek. The study forecasts Thailand’s […]
Read MorePETALING JAYA: The one-off Cukai Makmur or prosperity tax announced under Budget 2022 and episodes of political uncertainty will not significantly weaken the local currency against the US dollar. Malayan Banking Bhd head of forex research Saktiandi Supaat told StarBiz the prosperity tax could in the near term potentially have a drag on the equities market […]
Read MorePreah Sihanouk provincial deputy governor Long Dimanche is optimistic that the province will become one of Cambodia’s most important economic poles after the government allowed a Chinese company to design a master plan to develop and transform the coastal locality into a model multi-purpose special economic zone (SEZ) in the coming year. On October 17, […]
Read MoreForeign capital flows are not only poured into Vietnam through FDI projects but also through buying shares in leading companies in the country. Vietnam’s T&T Group, Hanwha Energy JSC, Korea Southern Power Co., Ltd. (KOSPO) and Korea Gas Corporation (KOGAS) recently received a licence to invest in the Hai Lang LNG gas power center in […]
Read MoreDespite the severe impact of Covid-19 on many sectors this year, the Thai ecconomy is expected to perform well next year, contributed by some key sectors after the country’s reopening on Nov 1. Some core sectors believe that they are still reliable income sources and even expect to see business growth next year but some […]
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