The Hanoitimes – With fewer concerns about currency and external stability, Vietnam’s central bank is likely to be more comfortable with delivering interest rate cuts to support growth. While the Vietnam’s economy has been hit hard by the Covid-19 pandemic, the country is in a relatively strong balance of payments (BOP) position to defend itself amid […]
Read MoreMANILA, Philippines — The Philippine Exporters Confederation Inc. (Philexport) is supporting a proposal to immediately cut the corporate income tax (CIT) rate to 25 percent to help businesses weather the economic fallout of the coronavirus disease 2019 or COVID-19 pandemic. Philexport president Sergio Ortiz-Luis Jr. said the group supports the immediate reduction of the CIT […]
Read MoreThe country’s economy contracted in the first quarter for the first time since 2014 as the coronavirus outbreak cut off tourist arrivals and shuttered commerce. Gross domestic product shrank 1.8% from a year ago, the National Economic and Social Development Council (NESDC) said on Monday. That’s the first contraction since early 2014, according to previously […]
Read MoreIndonesian companies have preferred to raise capital from the debt market in the first four months of this year as banks experience tight liquidity, according to Bloomberg data. Funding from bonds and syndicated loans constituted 98.1 percent of the total capital raised by Indonesian companies from January to April this year, totaling US$18.9 billion, Bloomberg […]
Read MoreDonaco International Ltd said the temporary closure of its casino operations at the Aristo International Hotel in Lao Cai, Vietnam, has now been lifted, the company announced. Aristo has now officially reopened, but will operate on a limited basis because it said the border with China where most of Aristo’s patrons originate from has remains […]
Read MoreFactories are not the only business moving into Vietnam — Thai craft beer has found an unlikely home in the neighbouring country, thanks to stiff regulations that keep small players from entering the market back home. Sporting very Thai names like Mahanakhon, Krung Thep and Khao San, Thai craft beers often appear foreign in their […]
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