The Hanoitimes – During the first quarter, budget revenue collection reached VND391 trillion (US$16.75 billion), equivalent to 25.9% of the year’s plan and up 1.8% year-on-year. Vietnam recorded a fiscal surplus of VND47.9 trillion (US$2.05 billion) in the first quarter (Q1) this year, compared to a surplus of VND65.4 trillion (US$2.8 billion) recorded in the same […]
Read MoreIndonesia will issue larger tax breaks to cover 11 business sectors similar to the incentives given to manufacturing industries to help companies weather the economic impacts of the COVID-19 pandemic. The 11 sectors are food, trade, electricity, oil and gas, mining and coal, forestry, tourism and the creative economy, telecommunications, logistics, transportation and construction, Finance […]
Read MoreKUALA LUMPUR: Merging the money-losing state carrier Malaysia Airlines (MAS) with the budget airline AirAsia is one of the options to “save” them as the Covid-19 crisis batters the industry, says Malaysia’s second-most senior minister. The pandemic that has killed nearly 145,000 people around the world has led to lockdowns in many countries, brought air […]
Read MoreThailand is likely to close this year with only 16 million international tourists and 60 million domestic trips, far below the pre-coronavirus targets of 40 million and 172 million respectively, according to Tourism Authority of Thailand (TAT). The estimates have the country losing almost 24 million tourists and 1.9 trillion baht in revenue compared with […]
Read MoreIn a move to tackle the economic fallout of the Covid-19 outbreak, the government’s Monetary and Fiscal Committee has come up with a plan to maintain public debt to gross domestic product (GDP) ratio, boost the budget ceiling and adjust debt settlements. Finance Minister Uttama Savanayana said after a meeting with the committee on Thursday […]
Read MoreContaining the Covid-19 pandemic will cost Asia-Pacific at least US$2 trillion (Bt65.2 trillion) in lost household and corporate incomes through 2021, according to S&P Global Ratings. The ratings firm has calculated the economic cost of an initial one-month lockdown could be about 3 percent of GDP in Asia-Pacific. “As the Covid-19 pandemic endures, we are […]
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