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Thai financial system more vulnerable as pandemic hits economy

[BANGKOK] Thailand’s financial system had become more vulnerable due to a weaker-than-expected economic outlook amid the coronavirus outbreak, minutes from the latest central bank policy meeting showed on Wednesday. The Bank of Thailand’s (BOT) monetary policy committee (MPC) voted unanimously on June 24 to leave the one-day repurchase rate unchanged at a record low of […]

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Indonesia imposes 10% VAT on tech giants

INDONESIA imposed a 10 per cent value-added tax on sales by technology firms including Amazon, Netflix, Spotify and Google on Tuesday, as spending patterns shift with increased remote working as a result of the coronavirus crisis, which has hit state finances. The South-east Asian country’s tax office said in a statement that it had already […]

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Malaysia: AirAsia’s future in doubt due to virus

Malaysian budget carrier AirAsia’s future is in “significant doubt” due to the collapse in demand for air travel caused by coronavirus, its auditor has warned. The aviation industry is facing its biggest-ever crisis due to the outbreak, with airlines worldwide laying off huge numbers of staff while some have already gone out of business. AirAsia, […]

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E-commerce in Vietnam thrives during COVID-19

“Covid-19 has given e-commerce a push,” said Nguyen Thuy Anh from the Department of E-commerce and Digital Economy. It not only has changed consumers’ behaviors, but also forced traditional retailers and manufacturers to go online. Anh said he got home from Binh Dien Market at midnight and then had to go to the Vietnam Online […]

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