A meagre 360,000 of the 11.4 million recipients of the government’s welfare and subsidy scheme for the poor are entitled to value-added tax (VAT) payback in the first month after the tax incentive scheme started last month. The small number was attributed to only a handful of Thong Fah Pracha Rat shops participating in the programme, […]
Read MoreGoogle data has shown that eight out of 15 of the most trending keywords in the country were related to major sporting events, particularly soccer matches. “These were the keywords that rose the fastest in searches this year compared to last year, not the most searched keywords,” said Google Indonesia search marketing manager Mira Sumanti […]
Read MoreMyanmar is forecast to grow at a slower pace of 6.2 percent this year compared with 6.8pc in the previous year, according to a report by the World Bank released yesterday. While prospects for the economy are positive over the longer term, the risks to growth for the coming year have also risen. In that […]
Read MoreMANILA, Philippines — As expected, the Bangko Sentral ng Pilipinas (BSP) decided yesterday to keep interest rates steady, pausing from a tightening episode that saw rates rise by 175 basis points in five straight rate-setting meetings since May this year to rein in inflation. Francisco Dakila, assistant governor for the monetary policy sub-sector at the BSP, said the latest inflation forecasts show […]
Read MoreKUALA LUMPUR: RAM Ratings Services Bhd has projected Malaysia’s fiscal deficit in 2019 to narrow to 3.3% of the gross domestic product (GDP) from an estimated 3.6% in 2018, amid still-resilient domestic demand growth, the implementation of various fiscal measures and ongoing institutional reforms. It said the government’s medium-term fiscal framework, which targets an average […]
Read MoreTHE local housing market could still support Singapore’s growth in 2019, despite the curbs unveiled this year, bank analysts said this week. Standard Chartered’s (StanChart) global chief economist David Mann, who is based here, acknowledged that “there are lots of cross-currents” in the air, from dampeners like an electronics cycle slowdown to upsides like a […]
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Thailand
