BUSINESS sentiment among Asian firms rebounded in the third quarter as easing coronavirus restrictions lifted sales but lingering uncertainty over the pandemic thwarted a return to business-as-usual, a new survey showed. Asian firms’ outlook for the next six months tracked by the Thomson Reuters/Insead Asian Business Sentiment Index jumped to 53 in the third quarter […]
Read MoreCargo ships returning empty from destination ports is a core challenge for the government’s so-called maritime highway five years after its initiation, officials and experts say. The maritime highway program subsidizes shipping on certain routes for the distribution of basic and important consumer goods as well as steel and cement to remote regions of the […]
Read MoreKUALA LUMPUR: The Consumer Price Index (CPI) for August fell by 1.4% from a year, mainly due to lower transport and fuel prices but food prices continued to increase. The decline was more than a Bloomberg survey of a 1.3% fall in the CPI. Chief Statistician Datuk Seri Dr Mohd Uzir Mahidin said in a […]
Read MoreSince credit has been growing slowly because of low demand from businesses, commercial banks have increased the number of consumer loans to ‘liberate’ their plentiful capital. Some commercial banks, especially foreign banks, are offering car loans at interest rates below 10 percent. Woori Bank is lending to fund car purchases at the interest rate of […]
Read MoreWith rising demand for rubber gloves, products related to working from home, appliances, healthcare items and food because of the pandemic, the Commerce Ministry expects the country’s overall exports to shrink by just 5-8% this year. Pimchanok Vonkorpon, director-general of the Trade Policy and Strategy Office, said that despite the coronavirus crisis, most trading partners […]
Read MoreCambodia and Indonesia have reached an agreement on double tax avoidance (DTA), the General Department of Taxation (GDT) said on Tuesday. If the remaining approval procedures are completed in the course of 2020, the DTA could take effect from as early as January 1, said the GDT. It said the agreement will protect nationals of […]
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Thailand
