MANILA, Philippines — The Bangko Sentral ng Pilipinas (BSP) may keep rates steady in a meeting this week, but is likely to further loosen policy this year as the growth outlook remains dismal, according to London-based Capital Economics. In a report, the macroeconomy research firm said that while the BSP is not in a rush […]
Read MoreJune is shaping up to be a good month for Southeast Asia’s currencies, with every one gaining. The rebound is narrowing coronavirus-induced losses sustained by just about every foreign exchange in the region this year. While the Indonesian rupiah, Thai baht and Malaysian ringgit all showed improvement, the Philippine peso is by far the best-performing […]
Read MoreKUALA LUMPUR, June 22 — Non-business taxpayers are reminded to submit their Income Tax Return Forms (BNCP) for the assessment year of 2019 by June 30. The Inland Revenue Board (IRB) in a statement today said the BNCP filing programme for 2020 can be reached at this link for Malay language and this link for the English version. “For […]
Read MoreSINGAPORE – Many firms have been hit hard by the pandemic but some manufacturers have had to ramp up production to meet higher demand. The Straits Times sees how three businesses overcame challenges like staff shortages and supply chain disruption to boost output amid the crisis. SYNGENTA ADAPTS, EXTENDS WORK HOURS TO STAY PRODUCTIVE Syngenta […]
Read MoreMANILA, Philippines — Private groups, which have set their sights on operating and expanding various provincial airports in the country, remain steadfast despite the aviation industry’s uncertain prospects. Prior to the onslaught of the coronavirus disease 2019 or COVID-19 pandemic, various groups swamped the government with their respective unsolicited proposals to operate, maintain, and expand […]
Read MoreThe guaranteed $190 per month minimum wage should be temporarily suspended, to ensure the sector remains competitive until the COVID-19 pandemic is resolved, says the secretary-general of the Garment Manufacturing Association in Cambodia (GMAC). The comments came during annual minimum wage negotiations last week with local garment manufacturing unions and the association, with reports that […]
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