The National Bank of Cambodia (NBC) will allow banks and financial institutions to continue loan restructuring until mid-2021, according to a letter sent to the Association of Banks in Cambodia (ABC) and the Cambodia Microfinance Association (CMA) last week. Signed by NBC Governor Chea Chanto, the letter said, “I would like to inform you [ABC […]
Read MoreMANILA, Philippines — The prevailing pandemic will give rise to a period of ultra-low interest rates to support economies as they recover from scarring caused by the crisis, according to Capital Economics. The London-based think tank said that for some countries, a combination of economic growth and low interest rates may enable recovery in the […]
Read MoreKUALA LUMPUR: Glove manufacturers’ corporate income tax is projected to be RM2.8bil in 2020 and RM4.7bil in 2021, according to Maybank Investment Bank Research following a dialogue with the Finance Minister. The research house said on Monday the government decided no windfall tax will be imposed on glove manufacturers to avoid potential “opportunity costs/losses” such […]
Read MoreThe Hanoitimes – With Sabeco, Habeco, Carlsberg Vietnam and Heineken Vietnam holding 90% of Vietnam’s alcohol beverage market, negative business results from these firms could lead to a setback of the overall industry in the coming time. The dual impacts of the Covid-19 pandemic and current government policies, especially Decree No.100 providing heftier fines on driving […]
Read MoreThe Revenue Department has started to send notification letters to online merchants that have income at the threshold of personal income tax liability. The objective is to integrate these people into the tax base, said director-general Ekniti Nitithanprapas. The response from online merchants who have received the notification letters has been mostly positive, said Mr […]
Read MoreAnalysts expect a resurgence in initial public offerings (IPOs) next year, when many companies that delayed listing on the Stock Exchange of Thailand (SET) because of the pandemic are likely to offer shares amid renewed market enthusiasm. Chaiyaporn Nompitakcharoen, deputy managing director of Bualuang Securities, said market sentiment on the Thai bourses has already improved […]
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