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Hit by Covid-19, Vietnam enterprises turn to domestic market

The Hanoitimes – A market with population of nearly 100 million is more than enough for domestic firms to boost sales and expand market shares. While the Covid-19 pandemic is causing a demand shock for export-reliant countries, including Vietnam, Vietnamese enterprises are turning to the domestic market of close to 100 million people to overcome this […]

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Philippines: DOF lauds 500 early taxpayers

MANILA, Philippines — The Department of Finance (DOF) has lauded the top 500 corporations that have settled their 2019 income taxes as of May 19, about one month ahead of the extended deadline set by the Bureau of Internal Revenue (BIR). In a statement, Finance Secretary Carlos Dominguez said the taxpayers “deserve recognition” as the […]

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Thailand: FTI mulls repurposing auto parts plants

The auto parts industry club under the Federation of Thai Industries (FTI) is conducting a study on the feasibility of repurposing domestic auto parts manufacturing plants to make medical devices or aircraft parts instead. Since the Covid-19 outbreak, the automotive and auto parts sectors have seen a considerable drop in demand, with many plants in […]

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Philippines: More banks keen on digitalization

MANILA, Philippines — More banks are keen on using technology-enabled solutions and are exhibiting strong interest in participating in the digital finance ecosystem, according to the results of a survey conducted by the Bangko Sentral ng Pilipinas (BSP). According to the survey, about 87.4 percent of respondent banks have plans to use technology in banking […]

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Asia-Pacific falling behind sustainable development goals

The Asian Development Bank (ADB) has criticised Asia-Pacific countries for being slow in delivering the UN’s Sustainable Development Goals (SDGs) because of the COVID-19 pandemic, according to a joint report. A study called “Fast-tracking the SDGs: Driving Asia-Pacific Transformations” by the United Nations (ESCAP), ADB and the UN Development Programme (UNDP) said that while the […]

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