SINGAPORE – 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 […]
Read MoreAs megatrends affect the world of work, reshaping skills of workers will help to address mismatches and promote resilience. Human capital development has played a vital role in the success of thriving economies. However, when the skills of workers fail to align with the needs of industry, the mismatches and imbalances in the labour market […]
Read MoreMANILA, Philippines — The country’s total debt stock hit a new record high in May, passing the P11-trillion mark as the government borrowed more from the domestic market to finance its pandemic response. The Bureau of the Treasury yesterday said total outstanding debt jumped to an all-time high of P11.07 trillion, adding P2.18 trillion or […]
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Thailand
