Over the past two years, Laos has experienced a sharp depreciation of its local currency, the LAK, against foreign currencies. The government has taken a series of measures to thwart this depreciation and get the local currency back on track. One of these measures was the closure of foreign exchange shops, other than those of […]
Read MoreMANILA, Philippines — The growth in producer prices of manufactured products eased in April from the previous month due mainly to the slower upticks in food products, according to the Philippine Statistics Authority (PSA). Preliminary data released by the PSA yesterday showed the Producer Price Index (PPI) for manufacturing posted a 2.3 percent increase in […]
Read MoreAs many as 23 export items joined the more than one-billion-US dollar club, making up 87.4 per cent of the total export turnover. HÀ NỘI — Việt Nam’s import-export value in the first five months of this year was estimated at US$262.54 billion, down 14.7 per cent year-on-year, with a trade surplus of $9.8 billion, […]
Read MoreKUALA LUMPUR, May 31 ― Maybank is making it easier for MAE app users to make payments while travelling to Thailand, Indonesia and Singapore. Meanwhile, existing Maybank QRPay merchants can also accept payments from tourists that use supported payment apps from the three countries. The international QR payment feature is enabled through the collaboration between Bank Negara Malaysia and PayNet. With the […]
Read MoreYANGON/BANGKOK — Pressure from investors concerned about environmental, social and corporate governance (ESG) issues, coupled with U.S. and European Union sanctions, is encouraging international companies to pull their cash out of Myanmar. Indian conglomerate Adani Group announced the sale of a port project underway in Myanmar for just $30 million after critics said money from […]
Read MoreTourist tax refunds have skyrocketed since Thailand fully reopened in June last year, according to Revenue Department director-general Lavaron Sangsnit. Mr Lavaron said foreign visitor numbers jumped after the reopening, reflected by a large increase in value-added tax (VAT) refund totals. In 2022, the department refunded VAT to more than 423,000 tourists with a total value […]
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Thailand
