BANGKOK (Bangkok Post) – The Thai government expects the country’s overall exports to be slightly affected if the US government introduces punitive measures to tackle its trade deficit as pledged, said Deputy Prime Minister Somkid Jatusripitak. The impact on Thai exports is unlikely to be as bad as many fear, Mr. Somkid said after a […]
Read MoreVisa Vietnam announced that its mVisa, mobile payments solution that brings the benefits of easy and secure digital payment system, which benefits financial institutions, merchants and consumers will launch in Vietnam and throughout Southeast Asia later this year. The mVisa system is a quick response (QR) code-based payments service that will accelerate global migration from […]
Read MoreA senior economist from the Asia Development Bank has warned the EU’s ban of Tricyclazole could damage Cambodia’s agriculture sector, as farmers rush to eradicate the use of the fungicide by June. The strict new limits on pesticides will mean rice exported to the EU must not contain more than 0.01 milligram of the chemical […]
Read MoreThe Asian financial crisis in 1997 plunged many ASEAN countries into recession. The crisis dragged down the Indonesian rupiah, the Thai baht, the Malaysian ringgit and other currencies. Even the Hong Kong dollar came under enormous pressure, though the city managed to prevent a devaluation because it had more than US$80 billion in foreign reserves. […]
Read MoreMANILA, Philippines – The government is looking at implementing its tax amnesty scheme through an executive order from the President, Department of Finance (DOF) chief Carlos Dominguez said. “We’ll see if we can do it with an EO,” Dominguez said on the sidelines of a joint press briefing of ASEAN finance ministers and central bank […]
Read MoreClose to half a million people were unemployed last month, up 99,000 or 1.3% in the same period last year, which is spurring the government to offer skills training for jobless workers. A total of 496,000 people were jobless last month, a jump of 66,000 from February, according to the National Statistical Office (NSO). The […]
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Thailand
