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Singapore will continue to uphold trade links, strengthen connectivity: Chan Chun Sing

SINGAPORE will continue working with like-minded partners to uphold and update an open and inclusive global trade architecture, said Minister for Trade and Industry Chan Chun Sing on Tuesday. In addition to developing digital economy and free trade agreements, Singapore will re-establish its Covid-disrupted links with the rest of the world, and strengthen other dimensions […]

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Thailand: Recovery unlikely until 2022

Thailand’s economy is forecast for clear recovery momentum in 2022 as domestic demand will remain weak in 2021, says CIMB Thai Bank (CIMBT). “Thailand may only post a recovery next year in the export sector because domestic demand remains weak and has sluggish prospects, especially for small businesses that face tepid sales growth,” said Amonthep […]

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Singapore blockchain ecosystem to get boost

A S$12 million (US$9.0 million) programme has been launched to strengthen Singapore’s blockchain ecosystem and facilitate the development, commercialisation and adoption of blockchain technology for real-world applications. The Singapore Blockchain Innovation Programme will engage close to 75 companies including multi-national corporations, large enterprises and info-communications technology companies to conceptualise 17 blockchain-related projects within the next […]

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Indonesia gov’t urges SMEs to digitise, get credit scores for easier financing

Indonesian government officials and industry players have called on small and medium-sized enterprises (SMEs) to go digital and make use of fintech platforms to build for themselves a positive online track record and gain credit scores for easier access to financing. Leonard Theosabrata, president director of SMESCO, a government institution responsible for training and facilitating […]

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Vietnam: Banks may face difficulty in raising foreign capital with regulator’s proposal

The Hanoitimes – Capital and expertise of foreign investors can help speed up the banks’ restructuring process. Capital and expertise of foreign investors can help speed up the banks’ restructuring process but their plans may face challenges. Currently, many Vietnamese banks have sold equity to foreign investors but many still have foreign room (foreign ownership rate). […]

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Thailand: Deduction incentives to be reviewed

The Finance Ministry wants to reform the tax structure by revising the large number of deduction incentives, arriving at a more appropriate level. As government expenditures have been increasing, the ministry is reviewing its tax reform policy to evaluate the extent of revenue losses from several tax deduction measures, said Finance Minister Arkhom Termpittayapaisith. For […]

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