The government will defer land lease payments for six months for a total of 47 state-owned and private hotels in Myanmar to ease the pressure wrought by COVID-19, the Ministry of Hotels and Tourism announced on April 21. The next land lease payment is due September 30. Hotels which are no longer in operation are […]
Read MoreThe Hanoitimes – On top of weak economic activity and low credit demand, the Covid-19 crisis macroprudential measures announced by the central bank will weigh heavily on banking sector profits for 2020. Fitch Solutions, a subsidiary of Fitch Group, has revised its credit growth forecast for Vietnam to 8% in 2020, from 11% previously, due to […]
Read MoreAs much of the world grapples with the Covid-19 pandemic with global trade and economies paralysed, 77 new factories have launched operations in the Kingdom, while only six have shut down. And in the first quarter of this year, the total number of factories registering with the Ministry of Industry, Science, Technology and Innovation has […]
Read MoreThe government is in talks with four start-ups to forge partnerships for the preemployment card program as it wants to add more online courses despite recent backlash over the program’s partner selection process and courses. The program management’s president director, Denni Purbasari, said adding new partners was intended to encourage more start-ups to grow. It […]
Read MoreMANILA, Philippines — The Department of Finance is studying possible revisions in the Comprehensive Tax Reform Program (CTRP) to help sectors severely affected by the coronavirus disease 2019 or COVID-19 outbreak, according to DOF Secretary Carlos Dominguez. Dominguez said this in response to acting Socioeconomic Secretary Karl Kendrick Chua’s statement that the CTRP may need […]
Read MoreSINGAPORE – Moody’s Investor Service said a record-high 96 companies worldwide are now on the line between speculative grade and investment grade. It said the companies have suffered from deteriorating economic conditions amid the coronavirus pandemic and the sharp declines in commodity prices. The global agency – whose rating of debt owed by companies and countries is […]
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Thailand
