th02
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Thailand: Somkid rustles up larger SME loans

Deputy Prime Minister Somkid Jatusripitak has instructed related parties to set up a new mechanism to enable medium-scale business operators, particularly those in aviation and tourism, to seek a credit line exceeding 500 million baht from the central bank’s soft loan scheme to help them maintain employment. The new instrument is expected to take shape […]

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Vietnam closes in on tech app tax avoiders

Apple and Google are once again under fire over tax avoidance in Vietnam, with none of their revenues from their app markets being retained in the country. However, a new law could soon enable local authorities to take their cut. Local users have been paying sizable amounts of money to acquire and use applications offered […]

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Philippines: No funds for economic stimulus bills — NEDA

MANILA, Philippines  — The executive branch yesterday stood its ground that the economic stimulus packages proposed by Congress – including the P1.3-trillion ARISE Philippines bill – cannot be funded in the absence of new revenue sources. The House of Representatives passed on third reading last month the Accelerated Recovery and Investments Stimulus for the Economy […]

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