MANILA, Philippines — Dutch financial giant ING Bank sees the peso maintaining its momentum and strengthening further to pierce the 47 to $1 level amid the outperformance of Asia-Pacific countries in controlling the COVID-19 pandemic. Rob Carnell, regional head of research for Asia Pacific at ING, said in a report titled “Asia: Better than all […]
Read MorePETALING JAYA: Glove manufacturers are expected to continue reaping huge profits into next year with the amount of corporate income tax paid by the industry projected to reach RM4.7bil in 2021 after forking out RM2.8bil in 2020. According to Maybank Investment Bank Research following its dialogue with Finance Minister Tengku Datuk Seri Zafrul Tengku Abdul […]
Read MoreThe government has issued a directive (prakas) on tax arrears management aimed at supporting the process of efficient, effective and transparent tax arrears collection. Prakas number 962, signed by Deputy Prime Minister and Minister of Economy and Finance Aun Pornmoniroth, was issued on Nov 20. This directive is inclusive of all taxpayers with payments currently […]
Read MoreThailand’s economy will take at least two years to recoup the 9% of GDP lost to the pandemic crisis, says Finance Minister Arkhom Termpittayapaisith. The economy would have expanded by around 3% this year if the pandemic crisis did not erupt, said Mr Arkhom. The pandemic crisis will make the economy contract by around 6% […]
Read MoreSINGAPORE: While Singapore is turning the corner in its economic recovery, it still has a long way to go as it adapts to the new realities of the Covid-19 world, said Trade and Industry Minister Chan Chun Sing yesterday. The improvement in Singapore’s economy in the third quarter of 2020 shows that the Republic is […]
Read MoreThe second phase of the co-payment scheme, where the government subsidises 50% of food and goods purchased at small shops, will cover as many people as possible, says a senior Finance Ministry official. Details of the scheme will become clearer in mid-December. The quota of 10 million people was filled during registration for the first […]
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Thailand
