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Chinese will be first to get access to Thai e-visa service

The Consular Affairs Department will launch its first e-visa service in February, starting with it being available in Beijing with a plan to gradually expand to other countries over three years.  The department annpounced on Monday it had joined with Kasikornbank, which will handle the payments side, in making the service available.   From Feb 15, applicants […]

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Malaysian palm oil price slips nearly 2% on worries of high stockpiles

KUALA LUMPUR: Malaysian palm oil futures fell nearly 2 percent at the close of trade on Monday after reaching a more than one-week peak, hit by concerns over high stockpiles and expectations that Indonesia would remove its palm oil export levy. The benchmark palm oil contract for February delivery on the Bursa Malaysia Derivatives Exchange was down 1.96 percent at 2,000 ringgit ($480.42) a tonne at the end of the […]

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Philippines growth to further slow in 2019 — ING

MANILA, Philippines — Dutch financial giant ING Bank expects the Philippine economy to slow down further next year as inflation is expected to remain elevated while rate hikes may take its toll on growth. In a report, ING Bank Manila senior economist Nicholas Mapa said the Philippines’ gross domestic product (GDP) growth may ease to 6.1 percent in 2019 from the […]

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indo01
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Indonesia: Rupiah Rises on Relaxation of Trade War

TEMPO.CO, Jakarta – The Indonesian currency rupiah rose in value in inter bank transaction on Monday afternoon gaining 35 points to close at the level of 14,246 per U.S. dollar from 14,281 earlier. Rully Nova, a financial market observer from Bank Woori Saudara Indonesia, said on Monday that the relaxation of trade war between the two world`s economic […]

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Thailand: Bankers prepare to aid VAT refund policy

The Thai Bankers’ Association stands ready to discuss cutting debit card issuance fees as requested by Finance Minister Apisak Tantivorawong, to add to the government’s proposed value-added tax (VAT) refunds during next year’s Chinese New Year.  The association’s members have yet to discuss the issue, but it stands ready to invite all 15 bank members to […]

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Indonesia: BPS records 0.27 percent inflation in November

Inflation was 0.27 percent in November, slightly lower than the 0.28 percent recorded in October and contrary to the trend in the last two years, Statistics Indonesia (BPS) announced on Monday. Meanwhile, the year-on-year (yoy) inflation rate was 3.23 percent. The latest figure brings year-to-date (ytd) inflation to 2.5 percent. BPS head Suhariyanto said that the inflation rate in November was good, as it was lower than the inflation rate in October. This […]

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