(Bloomberg) — Malaysia should explore new sources of revenue to improve its fiscal position, the World Bank said, adding that its strategy of achieving fiscal consolidation by reducing spending is challenging. Malaysia’s revenue level remains low and trails comparative peers, the World Bank said in its latest Malaysia Economic Monitor on Friday. Government revenue is […]
Read MoreMANILA, Philippines — Moody’s Analytics sees inflation in Asia Pacific gradually slowing down this year on the back of elevated borrowing costs and weakening global demand. In its latest Asia Pacific Chartbook titled “What Goes Up, Must Come Down,” the research arm of the Moody’s Group said that global inflation has likely peaked at the […]
Read MoreVegetable and fruit export turnover is expected to set a new record in 2023. On the days just before 2023 Tet, Ngo Tuong Vy, general director of Chanh Thu Fruit Export, was still very busy implementing orders for pomelo and durian exports. Vy said following the first durian shipment to China under the full-tax exporting […]
Read MoreThailand will collect new fees for passengers entering by air, land, and sea starting in June this year. The Thiger reports that visitors who arrive in Thailand will be charged a new tourist fee. Tourists arriving by air will be charged TBH 300 (USD 9.16) while those entering by land or sea will be charged TBH 150 […]
Read MoreMANILA, Philippines — The national government’s outstanding debt, as a share of the economy, remained within alarming levels in 2022, keeping the threat to the country’s creditworthiness. The Philippines’ debt-to-GDP ratio, a gauge of the government’s ability to settle its liabilities, settled at 60.9% in 2022, the Department of Finance reported Thursday. This was notably a better showing than […]
Read MoreSINGAPORE’S property market is bracing for surging demand from Chinese buyers as the world’s second-largest economy reopens. Real estate agencies in the city-state have seen more inquiries from mainland Chinese, with industry watcher OrangeTee & Tie noting a 10 per cent to 15 per cent increase in January since Beijing announced it was ending three […]
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Thailand
