Government spending surged in March, a Cabinet official said on Monday, resulting in a substantially higher first quarter budget deficit. Quoting a preliminary Bureau of the Treasury report, Finance Secretary Carlos Dominguez 3rd told reporters that the January-March shortfall had reached P162.2 billion. “[It] is P57.8 billion lower than program with good revenue performance,” he […]
Read MoreCoordinating Economic Minister Darmin Nasution has called for calm over the rupiah weakening against the US dollar, saying that such a development has both a positive and negative impact. “I will say, there is such a development. But don’t worry too much,” Darmin said at his office in Jakarta on Monday as quoted by kontan.com. He said the […]
Read MoreFunds will be collected from a tax on telecoms operators starting in June to extend the telecommunications network to remote areas of the country that do not yet have access, said an official of the Ministry of Transport and Communications. The Telecommunications Law, section 54 states that the ministry can establish and supervise a Universal […]
Read MoreThailand’s exports continued to grow in March, albeit at a slower pace, helping first quarter shipments rise 11.3%, the highest in seven years. The Commerce Ministry reported Monday the country’s customs-cleared exports grew for the 13th straight month in March, up by 7.06% year-on-year in March after increasing 10.3% in February. Shipments last month fetched the […]
Read MoreWith a dynamic economy and a large population proficient with digital technologies, the Philippines is a fast-growing market for e-commerce in Southeast Asia. Several websites and digital applications are already fighting for market share, with global, regional and national players trying to come up to the leader. The growing connectivity of the Philippines, rapidly overcoming the country’s infrastructure difficulties, […]
Read MoreGETTING PAYMENT platforms to “understand” each other, or to be “interoperable,” presents a huge opportunity to enhance intra-regional trade and business activity across Southeast Asia, and Thailand in particular. It is vital to a digital economy and Asean’s ‘Smart Cities’ aspiration which is essentially using technology and innovation to make cities more economically competitive and […]
Read More
Thailand
