Vietnamese consumers are some of the most optimistic in Asia during the COVID-19 pandemic, according to American management consulting firm McKinsey’s recent consumer survey. The survey, which was conducted among 618 consumers in Vietnam and covered their consumption behavior shifts during the COVID-19 crisis, showed that only 4% of Vietnamese think the crisis will have […]
Read MoreMANILA, Philippines — A month before migrant workers began coming home in droves, money sent to their families showed some signs of slowdown in February as the country’s top dollar-earning sector begins to feel the bite of the pandemic. Cash remittances coursed through banks stood at $2.36 billion in February, up 2.5% year-on-year from same period a […]
Read MoreGlobal research firm Gartner has cut Thailand’s 2020 IT spending forecast to 649 billion baht, a drop of 9.3% from last year, with the biggest fall predicted in the device segment because of the pandemic. The company predicted in January IT spending in Thailand would grow to 752 billion baht in 2020, up 2.45% from […]
Read MoreThe government is mulling over a plan to begin reopening the economy in five regions, Coordinating Maritime Affairs and Investment Minister Luhut Pandjaitan has said. The regions include two provinces, namely Yogyakarta and tourist hotspot Bali, as well as Batam and Bintan Island in Riau Islands and Manado in North Sulawesi. Of the over 16,000 […]
Read MoreThe Ministry of Economy and Finance issued an announcement on the implementation of guidelines on withholding tax for investors in the securities sector to promote the development of stocks in the Kingdom. The ministry issued the directive early this month, noting that local investors get a 6 percent tax break and non-locals get 14 percent […]
Read MoreLaos has announced it will resume domestic flights, begin to reopen schools, and ease other lockdown restrictions starting 18 May. The National Taskforce for Covid-19 Prevention and Control announced at a press conference held today nine measures that will be eased, and four restrictions that will remain in place, effective from 18 May. Measures eased: […]
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Thailand
