MANILA, Philippines — The Bangko Sentral ng Pilipinas (BSP) said the economy likely grew by about six percent in the second quarter after easing to a four-year low of 5.6 percent in the first quarter. BSP Deputy Governor Diwa Guinigundo told reporters on the sidelines of the 2019 pre-State of the Nation Address (SONA) economic […]
Read MorePrime Minister Thongloun Sisoulith has called for the business sector to get more involved in rural development and poverty reduction to help achieve its development goals. Speaking at a gathering arranged to push for more national patriotic and development activities in the capital on Friday, the PM highlighted the significant role of private enterprises to […]
Read MoreThe Hanoitimes – It is good for Vietnam to get foreign investment in its fintech sector as support in technology, experience and capital from global major foreign financial groups will help local firms further develop. A Vietnamese central bank’s proposal to limit foreign ownership in the country’s fintech sector might prevent local firms from calling for […]
Read MoreThe Excise Department is about to require that local beer brewers adopt electronic stamp duty in October, aiming to fix a tax leakage problem as beer tax revenue continues to fall short of target. The department believes that e-stamp duty will help prevent tax avoidance and thwart local sales of beers produced for export, as […]
Read MoreMANILA, Philippines — Philippine manufacturing activity registered a subdued recovery in June, bucking the contraction in factory output in the ASEAN region, according to the latest IHS Markit Manufacturing Purchasing Managers’ Indices (PMI). Local goods producers in the Philippines reported an expansion in new orders amid a soft increase in new orders. Export sales, meanwhile […]
Read MoreLOCAL firms’ payment performance has worsened following a previous quarter rebound, the Singapore Commercial Credit Bureau (SCCB) said on Tuesday. For the second quarter, prompt payments accounted for less than half of total payment transactions, while slow payments accounted for more than a third of total payment transactions. Prompt payment refers to when 90 per […]
Read More
Thailand
