MANILA, Philippines — An expected surge in spending and a drop in revenues last month did not only spoil a typical budget surplus in April, they also widened the deficit to a new record-high. The deficit, which indicates the government spent beyond its means, widened to P273.9 billion in April, a massive reversal of last […]
Read MoreThere is likely false play in the way livestock companies calculate the selling price of live pigs, which is helping them maintain stellar profits in spite of the government’s calls to stabilise prices. Last week, the price of live hogs continued escalating to VND100,000 ($4.30) per kilogramme, with an increase of around VND30,000 ($1.30) […]
Read MoreAchieving tax revenue collection targets is not a priority for the Revenue Department amid the stuttering economy, says the department’s chief. The current situation is not the right time for the Revenue Department to chase tax payments, said director-general Ekniti Nitithanprapas, adding that fiscal policy must be adjusted in line with the economic circumstances. The […]
Read MoreSINGAPORE (THE BUSINESS TIMES) – Singapore companies are expected to deliver US$14.2 billion (S$20.2 billion) in dividends in 2020, down 4.5 per cent from US$14.8 billion a year ago. The fall in dividends comes amid a stark outlook following the implementation of Singapore’s circuit breaker since April 7, which is projected to trigger a shrinkage of gross […]
Read MoreCambodia lifted a ban on entry of visitors from Iran, Italy, Germany, Spain, France and the United States that had been put in place to curb the spread of coronavirus, the health ministry a week ago and the immediate result of this is the detection of two COVID-19 positive patients. The cross signals sent by […]
Read MoreThe EU-Vietnam Free Trade Agreement (EVFTA), to take effect shortly, is expected to make up for some of the losses Vietnam’s economy incurred during the COVID-19 pandemic, according to insiders. The Ministry of Industry and Trade (MoIT) said that amid a global economic crisis caused by the coronavirus outbreak, the EVFTA will play an important […]
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Thailand
