Maintains Phl credit rating at Baa2 MANILA, Philippines — Moody’s Investors Service now expects the Philippine economy contracting this year as the rapid and widening spread of the coronavirus disease 2019 or COVID-19 outbreak, deteriorating global economic outlook, falling oil prices and financial market turmoil are creating a severe and extensive economic and financial shock. […]
Read MoreEconomic data released this week by the International Monetary Foundation (IMF) shows that the long-lasting effects of five previous pandemics and their economic shocks have much worse effects on the employment prospects for workers with low levels of educational attainment. “Findings support the claim that the five major pandemics of this century have raised income […]
Read MorePUTRAJAYA, May 13 — The Compliance Operation Task Force on standard operating procedures (SOP) during the conditional movement control order (CMCO) will be deployed more often at shopping malls and supermarkets conducting certain cheap sales or promotions, said Senior Minister (Security Cluster) Datuk Seri Ismail Sabri Yaakob. He said this was to ensure there were […]
Read MoreThe Prime Minister (PM) has permitted to re-open sub-border gates and border crossing to resume goods trading activities between Viet Nam and China. The Prime Minister has allowed the re-opening of sub-border gates and border crossings to resume trading activities between Viet Nam and China, according to the Ministry of Industry and Trade. The permission has […]
Read MoreThe Revenue Department has extended the deadline to file corporate tax returns by 1-2 months, depending on the type of tax. The extension covers eight tax types whose online filing deadlines fall during the March-August period. The purpose is to ease operators’ burden during the coronavirus crisis, said Finance Minister Uttama Savanayana. The eight forms […]
Read MoreIt’s hoped 50 percent of Cambodian-made products will be on sale at new 7-Eleven stores, a universally well-known convenience store, when it opens in Cambodia next year. The plan was disclosed during a meeting between the Cambodia Ambassador to Thailand Ouk Sorphorn and Chairoj Tiwatmuncharoen, senior vice-president of operations at CP All Public Co Ltd […]
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