Malaysia's economic stimulus to double deficit ASEAN

Malaysia's economic stimulus to double deficit

Malaysia’s fiscal deficit will nearly double to around 6 percent of the gross domestic product (GDP) this year because of the government’s recent efforts to revive the economy, according to Finance Minister Zafrul Abdul Aziz.
Laos not immune to global economic crisis: WB ASEAN

Laos not immune to global economic crisis: WB

Laos’ economic growth is projected to decline in 2020 due to the impact of the COVID-19 pandemic and measures to contain its spread, unveiled a World Bank report on the country’s growth and debt in the year.
Indonesia to impose VAT on internet companies from July World

Indonesia to impose VAT on internet companies from July

Indonesia will require big internet companies to pay value-added taxes (VAT) on sales of digital products and services from July as part of efforts to boost revenue amid the coronavirus pandemic, according to a tax official of the country.
Vietnamese economy stays resilient to external shocks: WB Business

Vietnamese economy stays resilient to external shocks: WB

While Vietnam remains significantly exposed to the COVID-19 outbreak and the ongoing turbulence in the global financial markets, its economy stays resilient to external shocks in the first few months of 2020, according to the World Bank (WB).
Malaysia widens fiscal deficit target World

Malaysia widens fiscal deficit target

Malaysia expects its fiscal deficit to widen to 4 percent of gross domestic product (GDP) this year because of the 58 billion USD stimulus measures announced to counter the impact of the coronavirus pandemic on the economy.
Malaysia: 3 pct fiscal deficit target challenging World

Malaysia: 3 pct fiscal deficit target challenging

Malaysian Finance Minister Lim Guan Eng said on July 22 that Malaysia will find it challenging to meet its 3 percent fiscal deficit target for next year due to uncertainties around the US-China trade war.
Ho Chi Minh City, Vientiane leaders hold talks Politics

Ho Chi Minh City, Vientiane leaders hold talks

Politburo member and Secretary of the Ho Chi Minh City Party Committee Nguyen Thien Nhan held talks with Politburo member of the Lao People’s Revolutionary Party and Secretary and Governor of Vientiane Sinlavong Khoutphaythoune on June 15 to discuss progress of cooperation agreement signed between the two cities in 2017.
Indonesia to maintain stable monetary policy in 2019 World

Indonesia to maintain stable monetary policy in 2019

Bank Indonesia (BI) said on November 27 that it will continue to adopt its pre-emptive and ahead-of-the-curve monetary policy in a bid to maintain economic stability amid the high external pressure in 2019.
Malaysia exerts efforts to improve financial situation World

Malaysia exerts efforts to improve financial situation

The Malaysian government announced on August 29 that it will set up two committees to help reduce the country's fiscal deficit to 2.8 per cent of the Gross Domestic Product, according to Malaysian Finance Minister Lim Guan Eng.
WB: Vietnam’s economy improves further Business

WB: Vietnam’s economy improves further

Vietnam’s economy is forecast to continue improving, with gross domestic product (GDP) to expand by 6.8 percent this year, said the World Bank (WB) in its latest economic update for Vietnam.