The consumer price index (CPI), a gauge of headline inflation, rose for a third straight month in June, but at a slower pace from the previous two months. The Commerce Ministry reported yesterday that inflation was 1.25% in June after tallying 2.44% in May and 3.41% in April, the first uptick since March 2020 and […]
Read MoreThe Lao kip has continued its depreciation against foreign currencies, affecting the cost of living amid the Covid-19 pandemic. In recent months, a mismatch in supply and demand has increased the gap between official and parallel market currency rates, putting importers under pressure and increasing inflation. Official exchange rates set by the Bank of the Lao […]
Read MoreSINGAPORE – Small and medium-sized enterprises (SMEs) paid lower average effective tax rates than non-SMEs over the past decade, according to figures disclosed by Finance Minister Lawrence Wong on Monday (July 5). The average effective tax rates – corporate tax divided by chargeable income – for all SMEs stood at 3.4 per cent for the Year […]
Read MoreMANILA, Philippines — The still slow pace of COVID-19 vaccination in the country continues to dampen prospects for a strong economic recovery this year even as domestic activity is showing signs of a rebound. The Japan Center for Economic Research (JCER) has slashed its gross domestic product (GDP) forecast to 4.3 percent for 2021 from […]
Read MoreThe tourism sector will welcome international tourists while ensuring the pandemic prevention and control process. Vietnam’s tourism authority has created a vaccine digital certification system at the website https://travelpass.tourism.vn in preparation for reopening inbound activities amid the Covid-19 period. The website is one of the Vietnam National Administration of Tourism (VNAT)’s efforts in building recovery plans for […]
Read MoreKUALA LUMPUR: Keeping unemployment low by helping small and medium enterprises (SMEs) retain their workers through wage subsidies and loan moratoriums during the pandemic is the first line of defence in helping households, Asia Analytica said. The research and institutional services said the sector formed the backbone of the economy and generate substantial employment. It […]
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Thailand
