MORE than 95,000 employers in Singapore will receive over S$450 million in payouts by the end of this month under the Wage Credit Scheme (WCS), the Ministry of Finance (MOF) and the Inland Revenue Authority of Singapore (IRAS) announced in a joint statement on Thursday. “The Wage Credit Scheme co-funds wage increases given by employers to Singaporean […]
Read MoreKUALA LUMPUR (REUTERS) – Malaysia’s industrial production index plunged 32 per cent in April from a year earlier, its biggest drop on record, government data showed on Thursday (June 11), hit by a sharp decline in activity because of coronavirus curbs. The figure was nearly double the drop of 18 per cent forecast by analysts […]
Read MoreThe Hanoitimes – The tax cut would benefit businesses with revenue in 2020 of less than VND50 billion (US$2.16 million) and a workforce not exceeding 100 employees. The government on June 11 proposed to the National Assembly (NA) a 30% cut in corporate tax in this year for domestic businesses hurt by the Covid-19 pandemic, including […]
Read MoreCambodia’s rice export is set to reach Timor-Leste as the governments of the two nations are working closely on the rice export deal. Cambodia has prepared 30,000 tonnes of milled rice as its first shipment to Timor-Leste, said Pan Sorasak, Minister of Commerce. The information was shared in a meeting with Ambassador to Timor-Leste to […]
Read MoreMANILA, Philippines — When most establishments were shuttered during the quarantine, Mhonick Dizon’s business was booming. Her online grocery store selling toiletries and canned goods expanded to offer fresh fruits and vegetables to loyal customers when Metro Manila was put on lockdown and everyone was encouraged to stay home. The result was additional income for her […]
Read MoreThe government’s push to collect value-added tax (VAT) from foreign digital platforms could level the playing field between domestic and foreign players, but risks increasing the service costs that may be passed on to consumers, according to industry veterans. Concerns have also been raised on how the move could be practically enforced. The fresh push […]
Read More
Thailand
