MANILA, Philippines — Businesses have revived plans to pursue expansion programs and hire more workers next year in anticipation of a strong economic rebound from the pandemic-induced recession, according to the Bangko Sentral ng Pilipinas (BSP). Redentor Paolo Alegre, director of the BSP’s Department of Economic Statistics, said the result of the latest Business Expectation […]
Read MoreThe Hanoitimes – Grab remains at odds with local tax authorities and their driver-partners over a controversial hiking fee scheme. Representative of Vietnam’s General Department of Taxation (GDT) stressed Decree No.126/2020/ND-CP, which Grab said is the reason for its hiking fees, only provides guidance on tax declaration and payment, with tax rates staying unchanged. After a […]
Read MoreFour major Thai banks say they will focus on managing their asset quality instead of dumping non-performing loans under unfavourable market conditions. Payong Srivanich, president of Krungthai Bank, said KTB’s priority was to maintain asset quality and look after debtors. He expects the bank’s non-performing loans to remain flat at the 4.21 per cent of […]
Read MoreAFP – Bangladeshi migrant worker Sheikh Kibria recalls with horror the filthy, overcrowded dormitory where he was housed by the world’s biggest rubber glove manufacturer when a Coronavirus outbreak erupted and infected thousands. Malaysia’s Top Glove saw profits soar and its stock price jump as much as 400 percent this year as countries worldwide rushed to […]
Read MorePETALING JAYA: After witnessing the ringgit fall in March to its lowest level this year against the US dollar, bright spots began to emerge for the local currency to appreciate against the greenback. Economists and currency strategists attributed the ringgit’s strength to the global economic recovery fuelled by the development of Covid-19 vaccine, strong crude […]
Read MoreMANILA, Philippines — Bank economists see the Bangko Sentral ng Pilipinas (BSP) taking a prudent pause on Thursday to assess the impact of aggressive monetary easing, including the surprise 25 basis points rate cut last month, on the country’s ailing economy. Security Bank chief economist Robert Dan Roces said the BSP’s Monetary Board is likely […]
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