THE Bank of Thailand (BOT) is likely to implement a modest interest rate hike again next year, and financial experts predicted that those feeling the pinch will be mortgage holders. The warning came from experts at the central bank, Siam Commercial Bank (SCB) and Phatra Securities. For the first time in seven years, the BOT […]
Read MoreOrganizers of the National Online Shopping Day (Harbolnas), also known as the 12.12 shopping festival, say the share of Indonesian product sales was close to 50 percent of transactions made during the festival, which was recorded at Rp 3.1 trillion (US$213.84 million). Harbolnas organizing committee chairman Indra Yonathan said the high share of local product sales, […]
Read MoreThe Cambodian Ministry of Tourism has called on Vietnam Airlines to increase flights between the two countries to boost tourist arrivals. The request came as Cambodia’s three international airports on Wednesday welcomed their 10 millionth passenger – a landmark moment for the Kingdom’s aviation industry. There are currently 23 flights per day between Cambodia and […]
Read MoreMANILA, Philippines — Fitch Ratings yesterday cautioned the Philippines about overheating risks, including strong credit growth and wider current account shortfall, as it reaffirmed the country’s investment grade credit rating. The debt watcher said the country’s growth prospects remain favorable with the gross domestic product (GDP) expected to expand by 6.6 percent for 2019 and 2020, prompting it to […]
Read MoreLaos and Vietnam are working to increase two-way trade, which is closely linked to the progress of the Vung Ang seaport project in Vietnam’s central Ha Tinh province and the Nong Khang airport project in Huaphan province in northern Laos. In addition the two countries are planning the Vientiane-Hanoi expressway and the Vientiane-Thakhaek-Vung Ang railway, […]
Read MoreMANILA, Philippines — The government has introduced four reforms to ensure the faster processing of value-added tax (VAT) refunds of exporters and other qualified entrepreneurs, according to the Department of Finance (DOF). Finance Undersecretary Karl Kendrick Chua said the government has established an Enhanced VAT Refund System under the Tax Reform for Acceleration and Inclusion […]
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Thailand
