An economist at the Institute for Development of Economics and Finance (Indef) has said the government policy on imposing a higher import tax on foreign-made products would push up prices and thus increase inflation. Indef economist Bhima Yudhistira also expressed pessimism that the policy would push down the current account deficit (CAD) at its present figure of 3 percent of gross […]
Read MoreThe domestic economy looks safe and sound amid a wave of emerging-market turmoil, in stark contrast with 1997, when Thailand gave rise to an economic contagion that spread across Asia. The country’s large current account surplus and foreign reserves, plus a low level of public and foreign-denominated debt, should cushion any impact from the Indonesian rupiah’s slide, […]
Read MoreThe Hanoitimes – The global ultra wealthy population, comprising people each with a net worth above $30 million, expanded by 12.9% year-on-year in 2017 to 255,810 individuals Vietnam has registered annual growth rate of 12.7% in its ultra-high net worth (UHNW) population since 2012, standing firmly among the world’s top 10 fastest-growing UHNW countries, stated data […]
Read MoreSINGAPORE dropped one notch to 28th place among 43 countries in the latest annual edition of a retirement security index. Natixis Investment Managers’ Global Retirement Index for 2018 also found Singapore coming in third for countries in Asia, behind Japan and South Korea, which placed 22nd and 24th respectively in the global ranking. The index […]
Read MoreHANOI (Xinhua) – During upcoming World Economic Forum on the Association of Southeast Asian Nations (Asean) slated for September 11-13 in Vietnam’s capital, 1,000 delegates from 43 countries and regions will focus their discussions on five key topics, organizers said on Thursday. The key contents include defining new vision for the Asean on regional integration, […]
Read MoreMANILA, Philippines — Foreign investments approved by the country’s investment promotion agencies (IPAs) went up by 10 percent in the first half of the year, driven by the surge of approved pledges in the second quarter, data from the Philippine Statistics Authority (PSA) showed. Approved projects from January to June this year amounted to P45.2 […]
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Thailand
