The Ministry of Economy and Finance’s taxation and customs departments earned $3.810 billion in revenue in the first nine months of this year, declining by 6.4 per cent year-on-year as the prolonged Covid-19 crisis continues to undermine collection efforts. In the January-September period, the General Department of Customs and Excise (GDCE) reported $1.6991 billion in […]
Read More(Bloomberg) — Indonesia’s finance minister narrowed her projection for the budget deficit this year and next, as an economic rebound, tax reforms and rising commodity prices lead to higher revenue. The fiscal gap is set to reach 5.3% to 5.4% of gross domestic product in 2021, compared with an earlier estimate for 5.8%, Finance Minister […]
Read MoreSINGAPORE exports rose for the 10th straight month in September, beating private-sector analysts’ expectations to expand by 12.3 per cent year on year. Non-oil domestic exports (NODX) growth picked up from the 2.7 per cent expansion in August and also came in ahead of the estimate of 8.7 per cent in a Bloomberg poll, data […]
Read MoreVietnam’s growth prospects remain much dependent on the effectiveness of vaccination programs, restriction measures, and the implementation of supporting policies. Vietnam’s GDP is likely to expand by 1.8% in 2021 following the recent fourth Covid-19 outbreak that forces major cities in the country into lockdown for months. Construction and industry would be the main driving […]
Read MoreLaos recorded a trade surplus in September, with exports topping imports for the first time in recent months. According to data from the Lao Trade Portal website, Laos enjoyed a total trade value of USD 777 million in September, with exports reaching USD 447 million, while imports were valued at USD 330 million. Major exports included copper […]
Read MoreMANILA, Philippines — It is unlikely that the Bangko Sentral ng Pilipinas would make any adjustments to its ultra-loose monetary policy for the rest of the year, with Governor Benjamin Diokno warning against any premature tightening as recovery remains fragile. The powerful Monetary Board is scheduled to hold two more meetings in 2021 — one […]
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Thailand
