MANILA, Philippines — The ANZ Research raised its 2018 inflation forecast for the Philippines to 4.6 from the original target of 4.1 percent despite the lower-than-expected inflation in May. Shashank Mendiratta, economist for Asia at ANZ, said the 4.1 percent average inflation in the first five months is above the two to four percent target […]
Read MoreCRYPTOCURRENCIES will be future trading subjects or commodities at Indonesia’s bourse, even though the Bank Indonesia (BI) does not recognise such currencies as payment instruments, the Trade Ministry’s Futures Exchange Supervisory Board (Bappebti) has decided. “The Bappebti head has signed a decree to make cryptocurrency a commodity that could be traded at the bourse,” said […]
Read MoreTHE WORLD Bank (WB) has revised up Thailand’s economy growth this year to 4.1 per cent from its previous estimate of 3.6 per cent given the country’s robust performance. The bank has also revised up its forecast of Thailand’s economy in the year 2019 and 2020 to 3.8 per cent for both years, up from […]
Read MoreSIEMENS yesterday expressed its long-term commitment to China’s Belt and Road Initiative (BRI), embracing a scheme that the German company says can potentially change the global order in trade and economics. The company, which bills itself as the world’s leading infrastructure company and supplier of engineering technology products and services, yesterday signed more than 10 […]
Read MoreAs Thailand gradually transforms into an ageing society, the potential economic and social burden of retiring workers is one issue that is likely to be on the minds of many employees, employers, and policymakers. New amendments to Thailand’s Labour Protection Act have addressed this issue by introducing a retirement regime for Thai private sector employees, placing […]
Read MoreAfter effectively scrapping the unpopular six-per cent goods and services tax (GST) on June 1, Malaysia’s new government will re-introduce a refined sales and services tax (SST) in September, giving its citizens a break of just three months from such a general tax. Abolishing the GST was one of the key promises of Prime Minister […]
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