MANILA, Philippines — The tourism and travel industries are among the “easy candidates” for the provision of guarantees and equity infusion by the government as part of its economic recovery plan, acting Socioeconomic Planning Secretary Karl Chua said. Interviewed on Bloomberg, Chua said these sectors were among the hardest-hit sections of the economy since the […]
Read MoreThailand’s move to extend its ban on passenger flights for another month to June 30, citing the need to contain the spread of the coronavirus disease, puts another dent in Cambodia’s efforts to kick-start its economy and tourism. According to the Civil Aviation Authority of Thailand, no passenger flights originating outside the country may land […]
Read MoreThe Hanoitimes – A lower GDP growth target is inevitable as the Covid-19 pandemic is wreaking havoc on the world economy, said Minister of Planning and Investment Nguyen Chi Dung. Due to severe impacts of the Covid-19 pandemic on the economy, the Vietnamese government has proposed revising the GDP growth target from the initial 6.8% to […]
Read MoreIndustries with employees totalling nearly one-third of the Thai workforce are unlikely to recover this year, even as partial lockdown measures are eased, according to TMB Analytics. The industries include hotels, restaurants, aviation, entertainment and recreation, auto and auto parts, property, steel, plastic and rubber, and fashion products. These sectors are expected to see a […]
Read MoreThe Finance Ministry will start charging 10 percent value-added tax (VAT) on imported digital goods and services, which includes video and music streaming subscriptions, starting from July 1 in an attempt to boost state revenue amid the COVID-19 outbreak. According to Finance Ministerial Regulation No. 48/2020, the tax will be collected from customers by the […]
Read MoreMANILA, Philippines — The Philippines would remain as an attractive destination for business process outsourcing (BPO) post-pandemic due to competitive wages and a mature BPO sector, acting Socioeconomic Planning Secretary Karl Chua said. Interviewed on The Chiefs aired on One News Thursday night, Chua said despite the possibility that more multinational firms may onshore their […]
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