BANGKOK: Fiscal policy is back in focus in Thailand as the central bank runs out of conventional monetary policy space to spur the economy. With interest rates near zero, the Bank of Thailand last week called for “more targeted and timely” government policies to support the recovery. Yet latest figures show the government has been […]
Read MoreThe government is going ahead with the plan to implement the so-called National Logistics Ecosystem (NLE) platform, expected to cut red-tape, reduce high logistics costs and boost the country’s competitiveness, a senior minister has said. The platform is expected to reduce logistics costs from the current 23.5 percent of the country’s gross domestic product (GDP), […]
Read MoreKUALA LUMPUR, Sept 29 — The total wage subsidy approved to employers under the Wage Subsidy Programme starting April 2020 amounted to RM11.93 billion as at Sept 18, 2020, said Finance Minister Tengku Datuk Seri Zafrul Abdul Aziz. He said the initial three-month programme (April, May and June), which had been extended for another three months (July, August and […]
Read MoreLife insurance shrank 5.69% in the first half while non-life witnessed 1.9% growth, with both segments seeing an increase in gross profits thanks to a sharp reduction in claims during the lockdown period. Chuchatr Pramoolpol, deputy secretary-general of the Office of the Insurance Commission (OIC), said growth trends remain uncertain for the second half as […]
Read MoreSINGAPORE: Singapore’s central bank is in talks with lenders about extending the nation’s debt moratorium programme beyond Dec 31 to provide extra relief for borrowers hit by the fallout from the coronavirus pandemic, according to sources. One of the key measures being discussed by the Monetary Authority of Singapore (MAS) and local banks is the […]
Read MoreThe Hanoitimes – Under the decree, enterprises’ revenue would be the main criteria to assess whether they are qualified for such a tax reduction. Prime Minister Nguyen Xuan Phuc on September 25 signed off government Decree No.114/2020/ND-CP, stipulating a cut of 30% in the corporate income tax (CIT) for enterprises having their revenue of less than […]
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