The Hanoitimes – The stability of the VND has contributed to decreasing demand for the dollar as people prefer the national currency due to the large spread between interest rates on VND and the dollar. The Vietnamese government is taking bold steps to eliminate the dollarization in the economy, prohibiting lenders including commercial banks from providing […]
Read MoreThe Joint Standing Committee on Commerce, Industry and Banking has lowered its forecasts for both economic and export growth this year, and called for monetary and fiscal measures to protect the economy. The JJSCCIB revised its 2019 economic growth projection from 2.9-3.3% to 2.7-3.0% and export growth forecast from -1.0-1.0% to -2.0-0.0%, in a statement […]
Read MoreThe GDP growth forecast for 2020 has been set at 2.5-3% by Kasikorn Research Center (K-Research), compared with 2.8% growth seen this year. K-Research said the country needs additional stimulus to meet the upper edge of the estimated range. The 2020 economic outlook will likely suffer from external risk factors, particularly the US-China trade war […]
Read MoreConsumer spending in August weakened, as the real earnings of non-farm labour remained in the contraction territory, according to the central bank. Veerathai Santiprabhob, governor of the Bank of Thailand (BOT), said the central bank had forecast an economic growth of 2.8 per cent this year, which is below the country’s growth potential. However, he […]
Read MoreBANGI: The registration process for foreign digital service providers with the Royal Malaysian Customs Department started on Tuesday in preparation for next year’s implementation of digital service tax, said Deputy Finance Minister Datuk Ir Amiruddin Hamzah. The Finance Ministry according to him, was confident that foreign companies would cooperate and register to safeguard their reputation. […]
Read MoreThe National Bank of Cambodia (NBC) continues to call on financial institutions in the Kingdom to put policies in place to promote green finance and friendly investments, it said on Thursday. This comes after the Swiss-based Bank for International Settlements (BIS) on the same day launched an open-ended fund for central bank investments in green […]
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Thailand
