Thailand’s policymakers will continue to enact policies to boost domestic activity amid persistent challenges from the pandemic. On Jan 19, the cabinet approved 210 billion baht (an estimated 1.3% of GDP) in cash handouts to support lower-income households, self-employed workers and farmers (comprising around 30 million people) amid a resurgence in domestic Covid-19 cases. The […]
Read MoreThailand could see a million more jobless tourism workers in the first quarter after its latest wave of coronavirus infections, while relief measures are urgently needed to support the struggling sector, a private tourism group said on Tuesday. The Tourism Council of Thailand will later on Tuesday propose to the government measures including a 50% […]
Read MoreThe Hanoitimes – Manufacturing could be the main driving force that helps Vietnam to become one of the fastest growing economies in Asia in 2021. Vietnam’s GDP growth is set for a strong rebound to 7.8% in 2021 from last year’s economic growth of 2.9%, according to Standard Chartered. Manufacturing could be the main driving force […]
Read MoreThe Public Debt Management Office (PDMO) will issue government savings bonds worth 60 billion baht early next month, aiming to use the funds raised to finance government projects that will mitigate the pandemic’s impact and rehabilitate the economy. The Rao Chana (We Win) edition of government savings bonds has an average interest rate of 2-2.5%. […]
Read MoreMANILA, Philippines — The Bureau of Internal Revenue (BIR)’s tax effort eased to 10.67 percent in 2020 as the pandemic-induced economic crisis slowed down the agency’s revenue generating capacity last year, the Department of Finance (DOF) reported yesterday. Citing an updated preliminary report from the BIR, the DOF said the tax effort of the country’s largest […]
Read MoreThe Kingdom’s balance of payments (BOP) saw a 1.7 percent surplus compared with its gross domestic product (GDP) in 2020 with growth supported by the in-flow of foreign direct investments and exports, according to a report from the National Bank of Cambodia (NBC). The NBC added the current account was estimated to suffer a deficit […]
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