SINGAPORE – Manufacturing activity grew for the 18th straight month in December, amid optimism in the industry that growth will continue into this year, data out on Tuesday (Jan 4) showed. This was despite concerns over the Omicron variant of Covid-19 and disruptions to supply chains, experts said. The December reading of the Singapore Purchasing Managers’ Index […]
Read MoreThe return of quarantine and lockdowns in many countries, combined with the massive disruption in international air travel at the end of last year cloud the outlook for the beleaguered tourism industry, according to Fitch Ratings. In their update on the sector in the fourth quarter of 2021 Head of Sovereign Ratings for Asia-Pacific Stephen […]
Read MoreMANILA, Philippines — The Philippines wants more foreign investments in the construction and information technology-business process management (IT-BPM) sectors which are poised for continued growth, the Department of Trade and Industry (DTI) said. In a statement, the DTI’s export promotions arm Center for International Trade Expositions and Missions said developments in the construction and IT-BPM […]
Read MoreE-commerce operator Lazada has pledged to raise seller and buyer experiences on its platform and boost its ecosystem to ensure long-term business sustainability, while aiming to break even or make a profit over the next three years. James Dong, chief executive of Lazada Thailand and Vietnam, said Lazada had enjoyed strong growth over the past […]
Read MoreThe Government has proposed cutting value added tax (VAT) from the current 10% down to 8% for services and goods that are subject to a 10% VAT, according to a scheme on fiscal and monetary policies to support the socioeconomic recovery recently sent by the Government to the National Assembly. The draft resolution on the program […]
Read MoreThe baht opened at 33.25 to the US dollar on Wednesday, strengthening from Tuesday’s closing rate of 33.31. The Thai currency is likely to move between 33.15 and 33.35 to the greenback during the day, Krungthai Bank market strategist Poon Panichpibool predicted. Poon said that the baht is likely to swing sideways while the Omicron […]
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