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Vietnamese retailers need support as EVFTA takes effect

The opening of the domestic market as committed in the EU – Vietnam Free Trade Agreement (EVFTA) will lead to the strong penetration of foreign businesses to expand their retail chains in the country. This poses great challenges, requiring state management agencies to make appropriate and timely decisions to support retail businesses in the new […]

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Philippines: TIEZA dangles tax perks for tourism

MANILA, Philippines  — The Tourism Infrastructure and Enterprise Zone Authority (TIEZA) is offering tax incentives for the renovation of tourism enterprises and lowering its permit fees to P1 as part of efforts to aid the recovery of the tourism sector. In a statement, TIEZA said its board recently approved the grant of tax incentives to […]

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Cambodia: Requests for loan restructures ease

Financial service providers have been seeing the number of loan restructuring requests slow down, claiming customers are able to repay existing debt because their businesses are running as usual, according to industry insiders. Kaing Tongngy, head of Cambodia Microfinance Association’s (CMA) communication department said that as of the third week of June, the total of […]

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Vietnam’s digital economy speeds up during pandemic

The pandemic has created big changes in society as people shop, gather and learn online, and use smartphones and TVs for entertainment more regularly. “When the new habits and behaviors help consumers discover positive things, they will be retained even when the pandemic is over,” said Truong Van Quy, CEO of EQVN, a digital marketing […]

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Thai Airways feels loss of state-owned enterprise status

Thai Airways International (THAI) is seeking help from authorities after the Airports of Thailand (AoT) recalled more than 50% of the check-in counters and aircraft stands at Suvarnabhumi airport, said Deputy Prime Minister Wissanu Krea-ngam. Mr Wissanu, who heads a committee coordinating solutions to THAI’s problems, said on Thursday the airline raised the recall issue at […]

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