PETALING JAYA: Malaysia’s solid trade surplus in the July-September period is set to boost the country’s economic recovery in the third quarter of 2020. A fortnight before the third-quarter gross domestic product (GDP) results will be unveiled on Nov 13, Bank Islam Malaysia Bhd chief economist Mohd Afzanizam Abdul Rashid (pic below) said the country’s […]
Read MoreThe Philippine economy could have rebounded in the third quarter of 2020, but state-imposed physical distancing measures would continue to weigh on its recovery from the coronavirus disease 2019 (Covid-19) pandemic, according to Capital Economics. In a report on Wednesday, the London-based research consultancy firm said the country’s “GDP (gross domestic product) is likely to […]
Read MoreBusinesses following the sharing economy model are facing problems in tax declaration. Because of the lack of regulations, the taxation body may be taxing inaccurately or missing taxpayers. Difficult to collect tax The Ministry of Finance (MOF) has released a report on taxes and tax management in the sharing economy. The ministry says the current […]
Read MoreSINGAPORE – The road to recovery for the labour market is likely to be slow and uneven, with resident unemployment rates taking a longer time to reach pre-crisis levels compared with during the global financial crisis, said the Monetary Authority of Singapore (MAS). In its review of the macroeconomic situation released on Wednesday (Oct 28), MAS said the […]
Read MoreThe half-half co-payment scheme has registered 10 million people, with total accumulative spending tallied at 1.3 billion baht. The half-half co-payment scheme will subsidise registered individuals who make purchases at small shops, with the government subsidising 50% of receipts. The government will pay for half of food, drink and general goods purchases totalling up to […]
Read MoreKUALA LUMPUR: Malaysia’s exports in September expanded by a stronger pace of 13.6% to RM88.93bil, far exceeding a Bloomberg survey of a 1.7% increase, as shipments of manufactured products jumped. The Ministry of International Trade and Industry (MITI) said in a statement on Wednesday the September exports were the highest export value ever recorded for […]
Read More
Thailand
