TAX collection in Singapore fell by 7.3 per cent in the last financial year to S$49.6 billion due to dampened business activities amid the pandemic, said the Inland Revenue Authority of Singapore (Iras) on Thursday. The collection represents 73.6 per cent of the government’s operating revenue and 10.6 per cent of Singapore’s gross domestic product. […]
Read MoreKUALA LUMPUR, Sept 2 — The ringgit continued to close slightly weaker against the US dollar as investors remained on the sidelines today, awaiting the release of the US non-farm payroll reports for more hints on when the US Federal Reserve will begin tapering this year. At 6pm, the local note fell to 4.1570/1600 versus […]
Read MoreMANILA, Philippines — The country’s economic recovery this year remains in jeopardy as the chances of achieving herd immunity are getting dimmer, even as the government moves to stop imposing restrictions and mobility curbs. In a report, London-based Capital Economics said prospects for a strong economic rebound for the Philippines this year are dimming with […]
Read MoreMore than a year into the pandemic, Bangkok’s office market is changing before our eyes. Despite the slower market activity, new office building supply continues to increase every quarter, with new projects consistently being announced. The Bangkok office market has recorded a direct impact from Covid-19, with the overall occupancy in the second quarter falling […]
Read MoreThe government has officially launched the Business Registration System on Information Technology Platform (OBR) phase 2. The online ceremony was officiated over by Deputy Prime Minister Aun Pornmoniroth, who is also the Minister of Economy and Finance and the chairman of the Committee on Economic and Financial Policy. The first phase of the OBR was […]
Read MoreStandard Chartered has revised down its forecast for Vietnam’s gross domestic product (GDP) growth this year from 6.5% to 4.7%. The country’s GDP in 2022 was predicted to expand 7%, lower than the 7.3% projected earlier, the local media reported. Due to low economic indicators, the serious developments of the Covid-19 pandemic and slow Covid-19 […]
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Thailand
