Thailand's government has set an initial budget deficit target of THB 380bn for the 2012 fiscal year starting October 1. As reported by Dow Jones International News, Deputy Prime Minister Trairong Suwannakhiri stated that revenue is forecasted at THB 1.9trn, while expenses are estimated at THB 2.28trn for the next fiscal year. The government is targeting a budget deficit of THB 420bn for the current fiscal year, but the actual deficit is expected to be smaller as revenue collection in the first fiscal quarter has exceeded the target by around THB 40bn due to improving economic conditions. |
Hong Kong's composite interest rate declined 3 basis points (bps) registering 0.25% in February this year. As reported by News.gov.hk, the decrease in the composite rates was due to the decline ... more
Thailand's government is likely to offer financial support for export-oriented small- and medium-sized enterprises (SMEs) and the indigenous industry, resulting in an increase in volume and value ... more
Singapore's small businesses are expected to be having concerns regarding the new and diverse government incentive schemes, which were announced in the recent Budget. As reported by ... more