SINGAPORE: Asia’s manufacturers remained under pressure in December as activity continued to contract under the weight of slowing global demand. Several purchasing managers indexes were in negative territory across the region. The S&P Global PMI reading for Vietnam fell to 46.4 points from 47.4 in November, its lowest reading since September 2021. A reading above 50 […]
Read MoreForeign and domestic companies are strongly eyeing to develop data centres in Vietnam, as demand for data storage in the country is increasing. In December, VNG Company put into operation a new and international standard data centre called VNG Data Centre in Ho Chi Minh city. The centre has an initial size of 410 server […]
Read MoreMANILA, Philippines — The country’s outstanding debt remained at a record high P13.64 trillion as of end-November last year as the peso appreciated against the dollar, but larger increases are still expected to happen as the government moves to finance the budget deficit, according to the Bureau of the Treasury. The latest figure was only […]
Read MoreAn influx of Chinese tourists is unlikely during the coming Lunar New Year holiday as not enough flights can be added in such a short time, while large tour groups are still awaiting an official announcement from the Chinese government, according to the Association of Thai Travel Agents (Atta). Atta president Sisdivachr Cheewarattanaporn said only small […]
Read MoreAll organisations and institutions associated with the Royal Government of Cambodia have started implementing the new taxes on the annual income of individuals and sole proprietorship businesses and monthly salaries of resident employees from January 1, 2023, following a new sub-decree issued on September 28, 2022. Individuals and sole proprietorship enterprises that generate from zero […]
Read MoreBanks in Thailand and elsewhere in Asia-Pacific are being pressured to improve their digital banking services in 2023, as more tech companies are expected to join the industry amid the use of cloud technology, says cloud banking platform Mambu. Mambu’s annual “Partner Predictions” report indicated tech firms are among the new players competing with traditional banks […]
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