State-owned pharmaceutical company PT Kimia Farma plans to cut capital allocation and costs to maintain its performance during the COVID-19 pandemic, but still expects to see increased revenue this year. President director Verdi Budidarmo said on Tuesday that the company was lowering its capital allocation for the year to Rp 1.44 trillion (US$92.38 million), almost 38 percent lower […]
Read MoreMANILA, Philippines — The central bank has conducted a stress test on banks to assess their capacity to take in heavy losses during the coronavirus disease-2019 (COVID-19) outbreak and community lockdowns that disrupted their business. “We are looking at the impact of the coronavirus pandemic on the bank industry,” central bank Governor Benjamin Diokno told Philstar.com in […]
Read MoreIndonesia should turn to value-added tax (VAT) and large tech companies to address the widening shortfall in state revenue, analysts have said. Danny Darussalam Tax Center (DDTC) research partner Bawono Kristiaji said VAT and individual tax were generally more resistant to economic shocks like those that hit Indonesia during the 2008 crisis. “VAT is more resistant to […]
Read MoreIn one month, working from home has turned from a luxury for many office workers in Thailand to a necessity. While the transition is hampered by buggy video conferencing programmes, missed communications and unanswered emails, some office heads like the new concept, saying it can actually increase efficiency and keep workers happy. In the US, […]
Read MoreIndonesians are relatively more optimistic on the outlook of the economy and will spend more in the future as businesses are forced to adapt to changing consumer behavior to endure the economic effects of the pandemic, several surveys show. More than half of Indonesian respondents say they are optimistic that the economy will rebound within […]
Read MoreThe Kachin State government this month signed an MOU with Myanmar Hein Investment Development Co to develop a border trade zone at Kan Paik Ti township in Waingmaw, Kachin State, which is near the Myanmar- China border. Myanmar Hein Investment is a 30:70 joint venture established by ethnic Kachin-owned Kan Paik Ti Development Company Limited […]
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Thailand
