MANILA, Philippines — The government’s strong current account position, together with other sound macroeconomic indicators, may speed up the country’s recovery from the impact of the pandemic, according to the Department of Finance (DOF). In a report, Finance Undersecretary and chief economist Gil Beltran said the country posted a current account surplus of $92 million […]
Read MoreKUALA LUMPUR, Aug 20 ― The retail industry shrank 9.2 per cent in June compared to the same period last year but the contraction was markedly smaller than preceding months, according to Fitch Solutions Country Risk & Industry Research. The Fitch Group unit said the June performance represented signs of recovery as it came after […]
Read MorePresident Joko “Jokowi” Widodo announced on Wednesday that the government will disburse Rp 2.4 million (US$161) in cash aid to micro and small enterprises starting next week to support businesses amid the COVID-19 pandemic. “Starting next week, the government will disburse an emergency capital fund, or what is called productive presidential aid. It is worth Rp […]
Read MoreThe Electricity Regulatory Authority (ERA) has changed the proposal of allowing household consumers to choose to pay electricity bills under either a multi-tiered price or single-price mechanism. Nguyen Anh Tuan, head of ERA, said at a meeting on August 18 discussing the draft of the Prime Minister’s decision on electricity retail prices that the agency […]
Read MoreInternal Revenue Department announced on August 17 that the department will allow illegally imported foreign-made liquors to put an A1 tax stamp if owners pay taxes. This is, the department said, part of the move to support importers, who import foreign-made liquors legally so that they do not suffer any loss when competing with other […]
Read MoreLaos is potentially at risk of illicit financial flows (IFF) but there is no clear evidence to investigate the problem and its possible magnitude, according to researchers. The National Institute for Economic Research unveiled the outcome of a study in Vientiane yesterday, to clarify understanding of illicit financial flows in the natural resource trade in […]
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