MANILA, Philippines — The government will grant tax incentives to various tourism enterprises for the renovation or modernization of their facilities in line with upgrading health and safety protocols, the chief of the Department of Tourism (DOT) said. “The Board of Investments (BOI) has approved tax incentives that can be given to tourism enterprises that […]
Read MoreThe Ministry of Industry, Science, Technology and Innovation is setting up what it calls the National SMEs Information Web Portal, called “KhmerSME”, to allow local small and medium enterprises (SMEs) to access various information and lets foreign direct investors (FDIs) to seek information from existing SMEs in Cambodia. With this portal, SMEs are able to […]
Read MoreMANILA, Philippines — The country’s trade deficit narrowed to a new two-year low of $500 million in April as steep declines were registered in both imports and exports during the month, the Philippine Statistics Authority (PSA) reported yesterday. Total external trade in goods last April reached $6.07 billion, down by 59.8 percent from $15.10 billion […]
Read MoreRestaurants, hotels and eateries are likely to be allowed to serve alcoholic beverages on their premises in the fourth phase of easing the Covid-19 lockdown under a proposal to go to the Centre for Covid-19 Situation Administration (CCSA) on Friday. Also, the night curfew could be lifted for 15 days, as a trial, but the […]
Read MoreMyanmar’s tourism industry is expected to remain closed for the rest of the year due to COVID-19 restrictions, operators said. The recovery of the sector depends on the country’s ability to control and contain the spread of COVID-19. Meanwhile, far fewer foreign tourists are expected over the next two years. “It may be possible for […]
Read MoreIndonesia is finalising a $1 billion financial bailout plan for its flag carrier to help it stave off a debt default after the coronavirus crisis forced the airline to ground most of its planes. The rescue plan includes a proposal to restructure PT Garuda Indonesia’s $500 million sukuk due next month and arrange new bridge […]
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Thailand
