MANILA, Philippines — The Department of Trade and Industry (DTI) has included activities in response to the coronavirus disease 2019 or COVID-19 pandemic and supporting the Balik Probinsya program in the proposed Investment Priorities Plan (IPP) 2020 submitted to Malacañang. When approved, the IPP will serve as a transition framework for the grant of incentives […]
Read MoreDebt-ridden Thai Airways International (THAI) has lost its state enterprise status after the Vayupak 1 Fund bought a 3.17% stake from the Finance Ministry on Friday, a source at the fund said. The stake purchase was undertaken at a price of four baht per share, said the source. The purchase cut the Finance Ministry’s holding […]
Read MoreRevenue from e-commerce has increased rapidly during Covid-19, but many traditional retailers have had to give back business premises to landlords. Online sales on the ris The General Statistics Office (GSO) reported that retail revenue of accommodation and catering, and travel sectors decreased by 9.6 percent and 27.8 percent, respectively, in Q1 2020 compared with […]
Read MoreThe Finance Ministry has turned down the Agriculture and Cooperatives Ministry’s proposal to offer 5,000 baht in cash relief to 91,000 civil servants farming for supplementary income, saying they are unqualified because they earn salaries. Civil servants with employment income are not qualified for handouts, said Finance Minister Uttama Savanayana. He plans to discuss the […]
Read MoreForeign investors are speeding up the restructuring and reallocation of their production networks globally, with Vietnam considered a bright candidate for investment given its location within the world’s most dynamically-developing region. The country’s prestige and position have improved in recent times thanks to its achievements in fighting the COVID-19 pandemic. “This is a chance for […]
Read MoreMANILA, Philippines — The deadline on paying income taxes, and other levies, will no longer be extended even if the government ultimately decides later to further lengthen lockdowns meant to control the spread of coronavirus disease-2019, the Bureau of Internal Revenue (BIR) said. Under Revenue Regulations (RR) 12-2020, the tax agency voided a provision on […]
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Thailand
