[SINGAPORE] A package that will be rolled out to cushion the impact of the impending goods and services tax (GST) hike is set to cover about 10 times the extra amount some families will spend each year, said Finance Minister Lawrence Wong on Wednesday (Feb 9). He was addressing people’s concerns that the tax increase […]
Read MoreMANILA, Philippines — Insurers hiked their contribution to economic output last year as Filipinos spent more for policies amid the pandemic. The Insurance Commission (IC) said the insurance industry increased its contribution to gross domestic product (GDP) as the pandemic compelled Filipinos to be more aware and conscious of their health and financial wellness. “The […]
Read MoreFor 2022, three trends should be key for observation on development of Cambodia’s economy, predicted Sim Vireak, a strategic adviser to the Phnom Penh-based Asian Vision Institute (AVI). The first thing to watch is how well Cambodia can tap the benefits from the success of the inoculation drive, he asserted. Despite strong efforts to reopen […]
Read MoreBig C Supercenter Plc is rebranding its customer relationship management (CRM) programme to attract more shoppers to its stores amid a higher cost of living. Rachapol Vongchatchainont, the company’s vice-president for CRM and loyalty, said the company started rebranding its CRM programme in December last year by changing its “Big Card” to “Big Point” with […]
Read MoreMANILA, Philippines — Firms waiting for the ratification of the Regional Comprehensive Economic Partnership (RCEP) should not be discouraged despite the delay as the Philippines can still catch up, according to the Asian Development Bank (ADB). Still, the ADB said the deferment of the ratification of RCEP, which is considered as the world’s largest free […]
Read MorePETALING JAYA: Consumer spending in Malaysia is set to stay on an upward trajectory this year, underpinned by significantly high vaccination rate, improving labour market, fiscal incentives and stable inflationary pressure. MIDF Research said it expects private consumption and the services sector to contribute positively towards gross domestic product in the fourth quarter (Q4) of […]
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Thailand
