The government and the House of Representatives on Monday agreed to revise down the tax to gross domestic product (GDP) ratio assumption for the 2020 state budget to 10.57 to 11.18 percent from the initial figure of 10.6 to 11.2 percent. This year, the tax to GDP ratio was projected at 12.2 percent. Meanwhile, the […]
Read MoreMANILA, Philippines — The economy can be expected to grow between six percent and 6.5 percent this year as fundamentals remains strong and the government’s catch-up plan for spending on infrastructure and programs is expected to deliver, First Metro Investment Corp. (FMIC) said. During its mid-year briefing on the economy and capital markets yesterday, the […]
Read MoreIn a bid to attract investment to Cambodia’s bicycle manufacturing industry, Minister of Commerce Pan Sorasak will soon lead a business delegation to Indonesia. For in depth analysis of Cambodian Business, visit Capital Cambodia In a recent Facebook post, the minister said that the government aims to increase the number of factories in Cambodia producing bicycle […]
Read MorePETALING JAYA: Bank Negara is expected to maintain the benchmark interest rate at 3.00% at its Monetary Policy Committee (MPC) meeting today although there is mounting pressure for a further rate cut later this year. According to economists, the central bank would maintain the existing key benchmark rate for now, but would need to assess the […]
Read MoreSINGAPORE’S condo resale prices were down 0.4 per cent in June from its May peak, breaking an upward trend that had lasted four months, according to monthly flash figures from real estate portal SRX Property released on Tuesday. The decline in June follows a 0.4 per cent gain in May. Prices in the core central […]
Read MoreThree driving forces are shaping new forms of value chains, with implications for Southeast Asia. The first is the growth of the CLMVT — Cambodia, Laos, Myanmar, Vietnam and Thailand — region. The gap between advanced economies and emerging markets is closing, and our region is catching up very fast. But the concurrent rise in […]
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Thailand
