Many commercial banks have announced a 0.5-3 percent cut in lending interest rates and many policies to support customers affected by the Covid-19 pandemic. However, feedback from individual customers in Ho Chi Minh City shows that banks have refused to aid them, even when they are in blocked areas and need priority. Beyond the repayment […]
Read MoreFinancial experts say the introduction of a capital gains tax (CGT) next year will have major implications for foreign investors in Cambodia. The CGT was delayed because of the financial downturn triggered by the Coronavirus pandemic but is due to come into force on Jan 1, 2022. It is a 20 percent tax on capital […]
Read More[BANGKOK] Trade-reliant Thailand plans to launch a national shipping company next year to bolster its trade capabilities, reduce transport costs and become a bigger player in global logistics as the Malacca bypass opens. “With Covid, we’re facing container shortages, so a lot of our goods can’t be shipped, and some products will perish. Losses are […]
Read MoreMANILA, Philippines — The multi-billion dollar debt mess of embattled property developer Evergrande that is threatening to upend China’s economy will unlikely have a significant impact on the Philippines’ financial system, the central bank and economists said. In a statement on Wednesday, Bangko Sentral ng Pilipinas Governor Benjamin Diokno said the Philippines is insulated from shocks […]
Read MoreWith Vietnam boosting the inoculation of vaccines for people and support for enterprises to revitalise business and production activities, upcoming updated economic recovery scenarios will make it more favourable for macro monitoring. Over the past three weeks Nguyen Thu Ha, a nurse from a healthcare centre in Hanoi’s Ba Dinh district, had to come to […]
Read MoreThe government should not have a problem repaying public debt, even if it borrows more in the future, says Finance Minister Arkhom Termpittayapaisith. The State Monetary and Fiscal Policy Committee’s decision on Monday to raise the ceiling of the public debt-to-GDP ratio from 60% to 70% will allow further borrowing to rehabilitate an economy battered […]
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Thailand
