Budget

The government has agreed to set a larger budget deficit of 450 billion baht for fiscal 2018, marking a fresh attempt to rev up the economy. The next fiscal year’s budget expenditure is set at 2.9 trillion baht, with revenue collection of 2.45 trillion baht, ...

Vietnam in 2016 saw a high farm produce trade surplus of $7.6 billion, but big difficulties are still ahead, including returning protectionism with Brexit and US President-elect Donald Trump. Minister of Agriculture and Rural Development Nguyen Xuan Cuong said at a press conference on January ...

The Soros Fund Management will render technical assistance to Myanmar for its budget drawing process and taxing, Myanmar News Agency reported on January 12. The assistance was discussed when Myanmar State Counselor Aung San Suu Kyi met with the Soros Fund Management delegation led by ...

Thailand expects revenue from foreign tourists to rise 8.5 percent to 1.78 trillion baht ($49.8 billion) this year, a deputy prime minister said on January 9. The expected rise results from an improved outlook for global tourism as well as Thailand’s investment in infrastructure, Deputy ...

The Revenue Department is comfortable with its revenue target for this fiscal year as it is optimistic the improving economy and accelerating public investment will generate higher tax revenue, its chief says. Economic growth in 2017 could expand at a faster pace than the past ...

The government sought to set the record straight on December 22 after local media outlets erroneously reported that the Kingdom’s public debt had reached $10 billion at the end of 2015. Without naming which media outlets had published the skewed figure, which was shared widely on ...

For years, Myanmar’s state-owned timber giant has been subject to accusations of corruption and shadowy closed-door dealings. Environmental advocacy groups have long blamed Myanmar Timber Enterprise for operating its industry monopoly without transparency. On November 15, their allegations appeared to gain newfound teeth, substantiated by ...

The government has instructed its anti-corruption body to work out necessary measures and carry out inspection to fight against corruption in all forms. The instruction was made at the two-day meeting between the government cabinet, Vientiane Mayor and provincial governors that concluded on December 14 in ...

In a serious blow to thousands of would-be home-owners, the construction of affordable homes in Yangon’s Ayeyarwon and Yadanar housing projects has been suspended because the money has run out, government officials say. Urban and Housing Development department director general U Min Htein told The Myanmar ...

The 2017 national budget, with more than $5 billion in expenditures, was passed by the Senate on December 5 without any changes despite opposition from the CNRP. Expenditures in the 2017 budget are up 15.6 percent compared with 2016 and include more than $1 billion in foreign ...