Exports in November fell by 3.65% from a year earlier, the Commerce Ministry said on Wednesday. The decline compares with a forecast in a Reuters poll for a fall of 3.2% in exports and against October’s 6.71% drop. Imports in November eased 0.99% from a year earlier, resulting in trade surplus of $53 million. In […]
Read MoreThailand plans to run a fiscal deficit until 2025, to combat projected low tax revenue from low economic growth, while targeting inflation of 1 to 3 per cent next year. The Cabinet on Tuesday gave the nod to the inflation target set by the Finance Ministry and Bank of Thailand’s Monetary Policy Committee (MPC), said […]
Read MoreMANILA, Philippines — The Department of Finance (DOF) has given delinquent taxpayers more time to settle their deficiencies as part of the government’s efforts to ease the taxpayers’ burden amid the pandemic. The DOF has issued Revenue Regulations 32-2020 and 33-2020 extending until June 2021 the respective deadlines for people to avail themselves of the […]
Read MoreAny move by the US to impose tariffs on Vietnamese goods would hurt bilateral trade ties, the Ministry of Industry and Trade (MoIT) said. The ministry made the comment after Reuters reported that the US Department of Commerce is to continue imposing tariffs on Vietnamese goods from December based on the accusation of the Southeast […]
Read MoreBANGKOK: Thailand’s central bank is widely expected to leave its key interest rate at a record low to preserve its policy options as the tourism-reliant economy deals with a fresh wave of coronavirus infections, a Reuters poll showed. However, the new outbreak, the strength of the baht, below-target inflation plus protracted political protests could pressure […]
Read MoreKUALA LUMPUR: Malaysia has set the export tax for crude palm oil (CPO) at eight per cent for January 2021. In a statement today, the Royal Malaysian Customs Department said the eight per cent export duty rate was set after the CPO market price reached RM3,450 per tonne and above. The rate would be effective […]
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