As part of efforts to make Myanmar the doorway to ASEAN door, the government will try to establish a Myanmar-India-China economic corridor, says Yangon Region Chief Minister U Phyo Min Thein. The potential for Myanmar to become a trade hub is good because of its location between two rapidly developing countries with large populations U […]
Read MoreThe Hanoitimes – Addressing the two remaining prerequisites for reclassification only requires a new decree or circular issued by Ministry of Finance, instead of going through many processes subject to approval from the National Assembly. Vietnam may be upgraded by global provider of financial services FTSE Russel in the 2020 review period, after being retained […]
Read MoreMANILA, Philippines — PayMaya Philippines Inc., the digital financial services arm of PLDT’s Voyager Innovations, is powering the government’s lead tax collection agency to make payments more convenient by allowing tax payers to remit payments through electronic channels. The Bureau of Internal Revenue (BIR) is set to work with PayMaya to offer digital payment touchpoints […]
Read MoreKUALA LUMPUR: Business condition in Malaysia’s manufacturing sector remained challenging in September despite the four-month high purchasing managers’ index (PMI) of 47.9 last month versus the 47.4 recorded in August. At the current level, the PMI is broadly indicative of annual gross domestic product growth of between 4.5 per cent and five per cent, according […]
Read MoreKUALA LUMPUR: Banks in India and Indonesia are most prone to a deterioration in corporate debt repayment capacity, followed by banks in Singapore, Malaysia and China, according to Moody’s Investors Service stress test. The stress test was based on an assumption of a 25% decline in earnings before interest, tax, depreciation and amortistion (Ebitda), according […]
Read MoreThailand’s economic growth in the third quarter is likely to improve from the second quarter’s reading, mainly thanks to positive tourism growth and the government’s economic stimulus measures, says the Bank of Thailand. “GDP growth in the third quarter is expected to exceed the 2.3% year-on-year figure in the second quarter, supported by the government’s […]
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