As the government prepares a second fiscal stimulus package to support the economy, Finance Minister Sri Mulyani Indrawati warns that the economic impacts of the COVID-19 coronavirus outbreak will be far more complicated than that of the 2008 financial crisis. Driven by the United States subprime mortgage debacle, the 2008 financial crisis mostly affected financial institutions, banks […]
Read MoreThe Revenue Department could lower its tax revenue target for fiscal 2020 because business has been stunted by the Covid-19 outbreak, spokeswoman Sommai Siriudomset said on Friday (March 6). The target is currently Bt2.116 trillion, she said, but many state economic agencies have lowered growth forecasts for gross domestic product in 2020. To ease taxpayers’ […]
Read MoreThe Hanoitimes – The retail network in Hanoi can supply sufficient necessities for locals in any case, even in the event of a drastic surge in demand. Foodstuffs have been filled up on shelves at supermarkets and convenience stores and also abundant at wet markets in Hanoi on Sunday after locals rushed to buy in necessities […]
Read MoreManaging a virus epidemic can be a daunting task for any administration, but inefficiency by the government for its perceived failure to contain the coronavirus outbreak in Thailand has drawn waves of criticism both online and offline. From information transparency to a slow response on urgent issues, the latest conflicting statements on quarantine requirements is […]
Read MoreA request from the local automotive industry for duties on cars assembled in the country to be reduced has been presented to Yangon Region’s chief minister, the Ministry of Planning, Finance and Industry says. The duties imposed on components for semi-knocked down (SKD) and completely knocked down (CKD) vehicles assembled in Myanmar is the same […]
Read MoreAFP – Malaysia and Thailand have barred a cruise ship carrying about 2,000 people, including dozens of Italians, from docking because of fears about COVID-19, according to officials. The Costa Fortuna was first turned away from the popular Thai holiday island of Phuket on Friday, despite there being no suspected virus cases aboard, according to its operator. Thai […]
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