SINGAPORE (THE BUSINESS TIMES) – Payment delays among firms in Singapore have risen for another quarter, with retail and services posting the highest jumps out of all sectors, amid the economy’s coronavirus-induced partial lockdown. Slow payments, defined as those made at least 30 days above terms, increased to 45.78 per cent in the second quarter, […]
Read MoreWe believe the Bank of Thailand will maintain a dovish tilt over the coming quarters, as the economy struggles amid the shock from the Covid-19 pandemic and deflation risks remain elevated. At its June 24 policy meeting, the Monetary Policy Committee (MPC) voted to unanimously keep its key policy rate on hold at 0.50%. While […]
Read MoreMANILA, Philippines — Inflation for June likely settled within the 1.9 to 2.7 percent range from 2.1 percent in May as the uptick in the price of rice as well as the rising pump prices of petroleum products continued to put upward pressure on inflation, according to the Bangko Sentral ng Pilipinas (BSP). In a […]
Read MoreThe Hanoitimes – Vietnam is expected to adopt “travel bubble” scheme with countries and territories where the coronavirus outbreak is under control. The Civil Aviation Administration of Vietnam (CAAV) has proposed the Ministry of Transport consider gradually reopening commercial international air routes from the end of July as part of measures to restore the economy, according […]
Read MoreThe General Department of Taxation (GDT) has issued guidance concerning value-added tax (VAT) on sales of long-term tangible assets when businesses stop using these assets. The guidance provides that the application of VAT on the sale of long-term tangible assets will follow the following rules. A sale of long-term assets by an enterprise, including a […]
Read MoreThe Trade Ministry is trying to spur exports by small and medium enterprises (SME) by connecting them with potential buyers abroad through virtual business matching events. In a virtual meet-up in mid-May, West Nusa Tenggara-based brown sugar producer Gula Merah Lombok secured a purchase agreement worth Rp 529.8 million (US$37,000) with Bakso Rawit Ani Pty. […]
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