THE government hit a 20-year record in fiscal revenues from tax and Customs and Excise last year, exceeding the target and rising nearly a third year-on-year. Together they were nearly equal to planned expenditure. According to figures from the Ministry of Economy and Finance, the revenue was $6,034 million, representing 90 percent of the budget […]
Read MoreKUALA LUMPUR: CGS-CIMB Equities Research expects Bank Negara Malaysia’s monetary policy committee to ease monetary conditions to support economic growth, with a 25bp Overnight Policy Rate (OPR) cut on March 3. It said on Friday the economic outlook has been significantly affected by the Covid-19, supply-side shocks and renewed domestic political uncertainty. The RM20bil stimulus […]
Read MoreCambodian migrant workers abroad sent home some US$2.8 billion as remittances last year, according to the Ministry of Labour and Vocational Training. The remittances were transferred by 1.2 million of Cambodian workers working in Thailand, South Korea, Japan, Singapore, Hong Kong, Malaysia, and Saudi Arabia. The ministry’s Spokesperson Heng Sour said at a press conference […]
Read MoreMANILA, Philippines — The government incurred a fiscal deficit equivalent to 3.55 percent of gross domestic product (GDP) in 2019, exceeding the ceiling as government agencies made a last-minute push to accelerate their disbursements, the Bureau of the Treasury (BTr) reported yesterday. According to the latest data from the national treasury, the government’ budget deficit […]
Read MoreThe government insists it never interfered with state agencies to favour Philip Morris (Thailand) Ltd (PMTL) by lobbying public prosecutors not to press a new charge against the company. On the fourth day of the no-confidence debate, the opposition raised the dispute between Thai agencies and tobacco company Philip Morris to grill the government. Saranwuth […]
Read MoreSiam Commercial Bank plans to open its first branch in Myanmar this year if the Central Bank of Myanmar (CBM) grants a bank subsidiary licence, says a SCB senior official. If approved, SCB will upgrade the existing representative office to a branch, said first executive vice-president Kamalkant Agarwal. The bank needs time to develop infrastructure […]
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Thailand
