Thailand's Economic Outlook, Philippines' CREATE MORE Act, and ASEAN's Digital Framework
In this episode, Michelle welcomes listeners and introduces the top stories affecting emerging markets. She provides an in-depth analysis of Thailand's economic growth, recent rate cuts, and the country's economic outlook. The discussion then moves to the Philippines' CREATE MORE Act, exploring its potential implications. Michelle examines the ASEAN Digital Economy Framework Agreement (DEFA) and its significance for regional economies. The episode assesses the impact of a stronger US dollar on emerging markets and discusses strategic adjustments these markets are making in response. The episode concludes with a wrap-up and a mention of the sponsor.
Key Points
- The Thai baht has appreciated due to better-than-expected GDP growth, driven by robust export performance, although the Bank of Thailand faces pressures to balance economic recovery with inflation control.
- The Philippines' CREATE MORE Act introduces significant tax incentives to attract foreign investment, including a reduced corporate income tax rate and expanded deductions for energy expenses and other qualifying costs.
- The ASEAN Digital Economy Framework Agreement aims to double the region's digital economy to two trillion dollars by 2030, focusing on enhancing digital infrastructure, regulatory harmonization, and workforce readiness.
Speakers
Michelle
Host • 100%
Chapters
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Transcript
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