WASHINGTON: The US Treasury labeled Switzerland and Vietnam as currency manipulators on Wednesday and added three new names, including Thailand, to a watch list of countries it suspects of taking measures to devalue their currencies against the dollar. In what may be one of the final broadsides to international trading partners delivered by the departing […]
Read MoreVietnam currently has 16 finance companies, including six fully foreign owned ones. The profitability of most consumer finance companies is high. Finance and financial leasing companies had the highest rates of return on assets and return on equity in 2019 of 3.02 per cent and 13.83 per cent, or 15-25 per cent higher than banks’ […]
Read MoreMANILA, Philippines — Vehicle sales declined 33 percent in November from a year ago amid typhoons that hit the country. The Chamber of Automotive Manufacturers of the Philippines Inc. (CAMPI) said combined sales with the Truck Manufacturers Association (TMA) reached 23,162 units in November, lower than the 34,465 units in the same month a year […]
Read MoreInvestment budget disbursement for the first two months of fiscal 2021 was almost 16% of total investment expenditure, says the Comptroller-General’s Department. Investment budget disbursement totalled 101 billion baht, accounting for 15.5% of the total investment budget of 649 billion for fiscal 2021, said Poomsak Aranyakasemsuk, the comptroller-general. The disbursement ratio was slightly higher than […]
Read MoreGiven abundant liquidity and low demand for credit, banks are offering attractive loans during the year-end period. Many banks in Vietnam are offering loans with low interest rates in an attempt to meet their respective year-end credit goals amid a lack of demand for capital during the Covid-19 crisis. To aid enterprises resuming operation in […]
Read MoreKUALA LUMPUR: The World Bank has suggested the government look into a fiscal policy that strives towards raising revenue and enhancing spending efficiency. In terms of revenue, the government may consider strategies that prioritise increasing the progressivity of the personal income tax framework, it said. The World Bank said the government could look into removing […]
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Thailand
