The northern province of Bac Giang, dubbed Vietnam’s “kingdom of lychee”, has devised three scenarios for the sales of its staple in the face of the COVID-19 pandemic. The province has become a hotspot of COVID-19 outbreaks in recent times, with thousands of confirmed infections, mostly in its industrial parks. In the first scenario, if […]
Read MorePETALING JAYA: The anticipated recovery in consumer spending in the second half of the year, aided by government policies and spending and a ramp-up in vaccination, will be a positive driver for the economy. According to the Malaysian Institute of Economic Research (MIER), consumer sentiment had further rebounded in the first quarter (Q1) of this […]
Read MoreAsean cross-border digital payment services now cover Thailand and Malaysia. Bank Negara Malaysia (BNM) and the Bank of Thailand launched a cross-border QR payment linkage yesterday, allowing consumers and merchants in both countries to send and receive payments instantly through a QR code across borders. The project commenced in June 2020 and is scheduled to […]
Read MoreFrom August 1, 2021, a 5 percent VAT and 2 percent PIT will be imposed on services such as saunas, massage, karaoke, discotheques, billiards, internet, games, tailoring, laundry, haircut and hairdressing, and other services. The stipulation is part of the Ministry of Finance’s newly released Circular No 40 VAT and PIT management. The newly released […]
Read MoreKasikornbank (KBank) forecasts the baht will weaken further against the US dollar by June this year because of dividend repatriation by foreign investors and the country’s lower current account surplus. For May 17-21, dividend payments of SET-listed companies are expected to exceed 18.7 billion baht, while the following week the amount is estimated at 6.53 […]
Read MoreTHE Restaurant Association of Singapore (RAS) and the Singapore Nightlife Business Association (SNBA) have called for rental support from landlords and commission support from food delivery platforms, while dining out is banned for almost a month under stricter Covid-19 measures. They are asking for commission rebates or waivers of 50 per cent from food delivery […]
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Thailand
