KUALA LUMPUR, May 27 — Malaysia’s economy is expected to further improve in the second quarter of 2021 (Q2 21) especially on the back of a low base as the economy contracted 17.1 per cent in the second quarter of 2020, based on the performance of several key economic indicators. “However, the recovery is also highly dependent on […]
Read MoreLaos recorded a trade deficit of USD 64 million in April, according to information from the Lao Trade Portal. Xinhua reports that exports from Laos in April totaled USD 427 million, while imports totaled USD 491 million. Major exports included copper ore, bananas, gold bars, cassava, clothing, coffee, sugars, rubber, and pulpwood. Land vehicles were among the […]
Read MoreSINGAPORE – The Singapore economy grew at a much faster pace in the first quarter of this year, running past earlier estimates by both the Government and most analysts. The final estimate for first-quarter growth came at 1.3 per cent on a yearly basis, compared with an earlier gross domestic product (GDP) estimate of a […]
Read MoreDavid Hamzah Damian and Denny Vissaro of DDTC discuss how Indonesia’s new tax regime brings a competitive edge to the economy by unlocking new opportunities for investors and expatriates. Southeast Asia’s largest economy, Indonesia, has moved the tax system forward to be more globally competitive among countries in the region. By enacting Law No. 11 […]
Read MoreKUALA LUMPUR: The government’s decision not to implement a full-scale movement control order (MCO) has the support of chamber of commerce, industry, and small and medium enterprise (SME) associations. The SME Association of Malaysia said a total lockdown this time around might cause 40 per cent of SMEs to shut down and many multinational corporations […]
Read MoreCredit rating agency Moody’s on May 26 affirmed its long-term domestic and foreign currency deposit and issuer ratings of four Vietnamese banks. Accordingly, the Orient Commercial Joint Stock Bank (OCB), Tien Phong Commercial Joint Stock Bank (TPBank), Vietnam International Bank (VIB) have been assigned B1, while the Vietnam JSC Bank for Industry and Trade (VietinBank) […]
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Thailand
