INTRODUCING more progressive income tax and property tax systems can help address the worsening income gaps that have proliferated after the pandemic, said Masatsugu Asakawa, Asian Development Bank’s (ADB) president, on Wednesday. He also called for cooperation among countries to close tax loopholes that multilateral businesses can use to avoid tax burdens, and mooted carbon […]
Read MoreSINGAPORE’s key exports grew by 4.2 per cent in February, in the third month of increase following the 12.7 per cent expansion in January and 6.8 per cent expansion in the month before. The increase in non-oil domestic exports (NODX) was mainly due to shipments of non-electronic products, such as non-monetary gold, specialised machinery and […]
Read MoreDue to its successful containment of Covid-19, Vietnam is having a great opportunity to attract foreign investment, with many localities across Vietnam building new industrial zones. The prime minister has approved a plan to build the Gia Binh II Industrial Zone covering 250 hectares in Bac Ninh Province. The project requires an investment of nearly VND4 […]
Read MoreThe cabinet on Tuesday approved a fiscal 2022 budget of 3.10 trillion baht, with a deficit of 700 billion baht, which is 91 billion or 15% higher than fiscal 2021. Sommai Lakananuruk, deputy secretary-general of the Budget Bureau, said the fiscal 2022 budget, starting from Oct 1 this year, would be 186 billion baht or […]
Read MoreKUALA LUMPUR: As Malaysia looks to transform its economy, there is also a need to reorient its practices and policies to attract quality foreign investments that would help the nation achieve its aspirations. According to World Bank Group lead economist for Malaysia Richard Record, (pic below) the country is now focusing more on quality investments […]
Read MoreMANILA, Philippines — A global think tank yesterday warned that the sustained drop in the country’s imports is shaping up as a big concern on total trade and would affect efforts toward economic recovery. In its latest economic monitor, UK-based Pantheon Macroeconomics said while the contraction in Philippine exports can be considered temporary, the deteriorating […]
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Thailand
