MANILA, Philippines — The government’s outstanding debt sustained an uptrend in May to breach the P11-trillion mark amid the Duterte administration’s continued borrowing binge to fund ballooning pandemic expenses. The state’s debt burden stood at P11.07 trillion as of May, up 0.73% month-on-month, the Bureau of the Treasury reported Monday. Since the beginning of the […]
Read MoreEVEN as the US dollar is projected to strengthen in the near term, thus leading to a weaker ringgit, will Malaysian exporters be able to take advantage of it? Many doubt if under the Covid-19 limitations, exporters can fully benefit from a weaker ringgit but some mid-to-larger sized exporters may weather through. In the automotive […]
Read MoreSINGAPORE will adjust its corporate tax rate and related tax incentives schemes, in due time – but it will do so, in consultation with the industry, while protecting its sovereign rights on taxes and keeping the compliance burden on businesses down, said Minister for Finance Lawrence Wong. The minister was replying to questions posed in […]
Read MoreThe problem with technological innovation is that it tends to expand in directions and at a pace that even the most tech savvy would be pushed to predict. Few would have guessed that Vietnam and The Philippines would be home to the world’s second- and third-most active cryptocurrency investors, or that Cambodian tech companies would find […]
Read MoreMANILA, Philippines — The Philippine economy is expected to grow at least five percent this year, still below government targets, as the pace of vaccination rollout and possibility of lockdown measures may dampen the much-needed recovery. In its latest report, GlobalData, a leading data and analytics company in the UK, estimates that gross domestic product […]
Read MoreThailand is working to reopen to foreign tourists following a commitment from the prime minister to lift most restrictions by mid-October, with the aim of putting the economy back on track. Hospitality businesses are pinning their hopes on the Phuket sandbox model starting on July 1 to accelerate the tourism recovery and save the industry […]
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Thailand
