Although economic growth for Myanmar is forecast to slow to 1.5 percent in 2020 due to the COVID-19 pandemic, this could rebound to 6pc by 2021, according to the World Bank’s Global Economic Prospects 2020 report released on June 8. The economy grew 6.3pc in 2019. The slowdown is a result of domestic shutdowns, reduced […]
Read MoreRecipients of funds and training under the government’s preemployment card may not be able to practice the skills they learn through the program because the labor market has not recovered, experts say. Tadjudin Nur Effendi, an expert on labor issues from Gajdah Mada University in Yogyakarta, said the ongoing transition toward the so-called new normal, […]
Read MoreThe Hanoitimes – While FDI firms continue to report losses, they keep expanding operations in the country. Transfer pricing among foreign-invested firms operating in Vietnam is increasing at an alarming rate, evidenced by the fact that while foreign-invested companies report losses, the majority of their Vietnamese peers in the same fields are generating profits, especially in […]
Read MoreMANILA, Philippines — A record pullback in both imports and exports dramatically shrank the Philippines’ trade gap to the lowest in more than five years in April as a shutdown of economies to stem the spread of coronavirus infections inadvertently strangled the flow of goods. Trade deficit narrowed to $499 million in April, 86.9% down […]
Read MoreThe Ministry of Tourism has announced all licence renewal fees will be waived next year, to further assist the decimated sector. However, fees for new business licence applications will still apply and other fees such as penalties for invalidated business licences will also remain. The fee exemption will come into effect from Jan 1, 2021, […]
Read MoreSINGAPORE – New private home sales rebounded in May from April, even as Singapore entered the second month of its Covid-19 circuit breaker period. Developers in Singapore sold 484 private homes in May, going by sale caveats, Knight Frank Singapore said on Wednesday (June 10). This is 74.7 per cent more than the 277 private homes sold by […]
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Thailand
