SINGAPORE (BLOOMBERG) – Singapore is considering tightening the due diligence process for customers at its casinos in an effort to prevent money laundering and financing terrorism, according to the Casino Regulatory Authority (CRA). The regulator earlier halved the legislative threshold for the amount of cash transactions at casinos that are subject regulatory review to $5,000, […]
Read MoreThe Hanoitimes – Foreigners can buy houses from developers of residential projects on the primary market. Hanoi’s Department of Construction has made public a list of 22 more housing projects that allow foreign individuals and organizations to own homes, the Kinh te & Do thi reported. In the latest list, Ha Dong district remains top localities […]
Read MoreThe Ministry of Tourism and Cambodia Association of Travel Agents (CATA), urged domestic tourists to travel within the country to boost and support the economic activities during the COVID-19 pandemic. The tourism sector has been severely affected by the pandemic. From January to April 2020, Cambodia welcomed around 1.16million international tourist arrivals, which fell 52 […]
Read MoreThe Lao Ministry of Labor and Social Welfare has instructed employers to ensure workers are fairly compensated despite an economic downturn due to the Covid-19 pandemic. Director-General of the Department of Labor Management, Mr. Phongxaysack Intharath, spoke at a press briefing on Tuesday explaining the steps taken by the Ministry of Labor in assuring payment of employees, […]
Read MoreKUALA LUMPUR (BERNAMA) – With jobs in the services and manufacturing sectors hanging by a thread due to an economic downturn, particularly in the second quarter, economic revitalisation is the pulse in rebuilding the Malaysian economy as the country fights COVID-19. From measures of easing the burden of taxes and providing job security, the National Economic Recovery […]
Read MoreMANILA, Philippines — Philippine economic recovery may fall behind those of other countries in Asia after the “dreadful” labor and industrial data released recently, according to London-based Capital Economics. The macroeconomy research firm said that with lockdowns eased only gradually, it may be more difficult for the Philippine economy to recover from the collapse in […]
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Thailand
