Thailand’s lower house approves 2020 budget bill World

Thailand’s lower house approves 2020 budget bill

The House of Representatives of Thailand passed the 2020 budget bill with 257 votes in favour, one against and three abstentions at a special session held on February 13 at the Constitutional Court’s request for re-vote.
Indonesia’s external debt still under control: BI World

Indonesia’s external debt still under control: BI

Indonesia’s external debt remained under control at healthy levels, apparent from its about 37 percent external debt-to-Gross Domestic Product ratio at the end of February, relatively unchanged from the earlier month and within the average of peer nations, according to a statement from the Bank Indonesia (BI).
State Audit completes 96 percent of annual plan Business

State Audit completes 96 percent of annual plan

The State Audit of Vietnam (SAV) has carried out 222 audits out of total 232, equivalent to 95.7 percent of its yearly plan, recovering nearly 8.4 trillion VND (360.5 million USD) for the State budget in the last nine months.
ADB helps develop infrastructure projects in Philippines World

ADB helps develop infrastructure projects in Philippines

ADB has approved a 300 million USD policy-based loan to support the Philippines’ efforts to strengthen the framework under which the private sector can participate in the government’s infrastructure development programme.
Social housing development boosts economy: Minister Business

Social housing development boosts economy: Minister

Social housing development not only improves societal strength but also boosts the economy overall, said Minister of Construction Pham Hong Ha, emphasising that Government spending on social housing can lift the real estate industry as a whole.
Former Philippine President Aquino faces criminal charge World

Former Philippine President Aquino faces criminal charge

The Philippine anti-graft agency on June 20 recommended a criminal charge against former President Benigno Aquino for disbursing 72 billion pesos (1.35 billion USD) of state funds for major government projects without the required approval of the Congress.
Malaysian PM vows to cut down national debt World

Malaysian PM vows to cut down national debt

Malaysia’s Prime Minister Mahathir Mohamad has announced that his administration is taking various approaches to reduce the national debt from 1 trillion RM (251.2 billion USD) to 800 billion RM.
Thailand’s April CCI highest since 2015 World

Thailand’s April CCI highest since 2015

The Centre for Economic and Business Forecasting of the University of the Thai Chamber of Commerce (UTCC) has announced that the country’s Consumer Confidence Index (CCI) in April rose to the highest level in 40 months after a minimum wage rise.
Gov’t offices to trim 4,000 staff this year Society

Gov’t offices to trim 4,000 staff this year

As many as 265,106 civil servants will be included in the State payroll this year, a year-on-year decrease of about 4,000, according to a Prime Minister’s decision that takes effect this month.