KUALA LUMPUR, April 24 — Minister in the Prime Minister’s Department Datuk Seri Mustapa Mohamed said today the government should consider relaxing restrictions in districts with a low Covid-19 infection rate to allow more industries to reopen. The suggestion followed mounting pressure on the government to allow more businesses in green zones to resume operations, […]
Read MoreThe deteriorating global economic situation, with no timeframe of improvement in sight, continues to severely and demonstrably impact the Kingdom. Tax incentives to date have generally been limited to the garment and hospitality industries, with most incentives under limited timeframes and some tied to specific taxes, said Anthony Galliano, Group CEO of a corporate finance […]
Read MoreMANILA, Philippines — Cash is running low in government coffers to fight the coronavirus disease-2019 (COVID-19), a rare admission from economic officials who for weeks have insisted there are sufficient funds to respond to public needs during the health crisis. “So far, we have sufficient cash but we are already getting squeezed by our budget allowance,” […]
Read MoreCambodia Angkor Air (K6, Siem Reap) is set to see new investors in the form of private equity investors after 49 percent of it’s shares, owned by Vietnam Air, changed hands for $49 million. Vietnam Airlines held a total of 59% of Cambodia Angkor Air’s capital, with 49% controlled by the airline directly and 10% […]
Read MoreUp to 80% of the local startups are struggling financially with revenue drying up in the wake of the coronavirus outbreak, according to the Thailand Tech Startup Association (TTSA), which wants the government and all related parties to help. “The sudden impact from the pandemic means local startups face a difficult time, with loss of […]
Read MoreThe National Bank of Cambodia has requested financial institutions to reduce credit-related fees and lift fines until the end of December 2020, according to a NBC letter. The National Bank of Cambodia (NBC) has appreciated financial institutions for its good collaboration and good adherence to previous NBC measures. The statement signed by Rath Sovannorak, NBC’s Director General […]
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