China expected to make fresh moves on local debt problems
Due to the rapid growth of local government debt in China over the past few decades, and the impact of the COVID-19 pandemic over the past three years, local governments currently…
Policy Matters
Indonesian Finance Ministry plans to implement new core tax system in 2024
This reformation journey began in 1983 when the official assessment system shifted to self-assessment. Over the years, continuous improvements have been made, encompassing both…
Indonesia increasingly reliant on imported silkworms: Researcher
A researcher from the National Research and Innovation Agency, said that that domestic silkworm hybrids only made up about 5 percent of the total national demand for silk fabrics.
Korean financial firms’ overseas expansions to get regulatory boost
The regulation revision comes after the Financial Services Commission pledge to help local financial companies beef up their presence in overseas markets earlier this year.
Posco faces first-ever pay strike risk
The possible strike comes after months of wage talks between management and the company's labor union failed to reach an agreement.
Carbon credit exchange a strategic factor for Vietnam’s economic development
"Vietnam can produce carbon credits and has sold them, however these transactions have not received much attention," says Vu Trung Kien, director of the Centre for Climate Change…
Thailand extends visa-free stays for Russians to 90 days
Srettha, who doubles as finance minister, said the policy was developed to accommodate tourists who visit Thailand to escape the cold Russian winter from December to March.
Korea’s top financial regulator lays out plan to boost pet insurance enrollment
The pet insurance enrollment rate in Korea stood at around 0.9 per cent last year, significantly lower than countries like the United Kingdom (25 per cent) and Japan (12.5…
Deposit, lending rates hiked for non-banks in Bangladesh
The highest deposit rate for non-banks will be 9.7 per cent and the lending rate can be as high as 12.7 per cent.
TikTok opposes mooted Indonesia social media transaction ban
Indonesian users spent more money on TikTok than anywhere else in South-east Asia over the past year, as the app's e-commerce arm rapidly grew to gain a substantial regional…