Another government-backed centre has been established for the purpose of managing an economy rattled by the pandemic crisis, with redundancy and business interest as the core qualms expressed over the move. The cabinet on Aug 23 gave the green light to establish a centre to handle the country’s economic rehabilitation from the coronavirus crisis. The […]
Read MoreMANILA, Philippines — The Bangko Sentral ng Pilipinas (BSP) plans to put a cap on the finance charges imposed by banks and financial institutions on credit card loans to help ease the burden of consumers amid the COVID-19 pandemic. In a draft circular forwarded to major stakeholders for comment, the BSP is looking at imposing […]
Read MorePETALING JAYA: The government’s plan to impose a vacancy tax on developers to resolve Malaysia’s unsold units have been shot down by property consultants, the view being the tax will not solve the overhang but will instead raise prices. All three consultants say Housing and Local Government Minister Zuraida Kamaruddin should look at other ways […]
Read MoreThe number of Vietnamese using ride-haling services has increased rapidly in recent years, signalling the potential for the development of the sharing economy in the country. According to the e-Commerce White Book which the Ministry of Industry and Trade published recently, the percentage of surveyed participants booking a ride via ride-haling platforms on their mobile devices rose […]
Read MoreBANGKOK: Thailand is cautiously looking at plans to reopen its borders as it struggles to survive an extended period without international visitors, who account for about two-thirds of the country’s tourism income. “The virus won’t go away soon and we have to think about the economy. But we can’t just reopen the borders. We have […]
Read MoreMANILA, Philippines — After taking a combined P20-billion loss in the second quarter, local airlines are seeking not only government support, but also unified and consistent policies as they continue to grapple with the effects of the pandemic. Air Carriers Association of the Philippines (ACAP) executive director and vice chairman Roberto Lim told The STAR […]
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