AMONG Asian economies, Vietnam is the most vulnerable to China supply shocks while Singapore is the least, according to a Deutsche Bank research note on March 3. “This suggests that unless Vietnam can reduce its dependence on China for its intermediate goods, it should not be seen as an alternative to China, although that may […]
Read MoreKUALA LUMPUR: Following MALAYAN BANKING BHD’s (Maybank) footsteps, three other major banks have also revised their base rate and base lending rate downwards by 25 basis points, in line with the reduction in the overnight policy rate by Bank Negara. They are Public Bank, RHB Bank and Hong Leong Bank. Maybank was the first bank in […]
Read MoreThe Federal Reserve’s emergency rate cut will put pressure on the Bank of Thailand to follow in its footsteps, according to a senior official at the Fiscal Policy Office (FPO). “If the Bank of Thailand finds the economy would grow at a slower pace than expected, it could be a factor encouraging the Monetary Policy […]
Read MoreMANILA, Philippines — Local carriers are expected to undertake more cost-cutting measures that may include workforce reduction should the travel ban on major markets persist amid the spreading coronavirus. Air Carriers Association of the Philippines Inc. (ACAP) executive director and vice chairman Roberto Lim told The STAR that the local aviation industry is taking a […]
Read MoreIndonesia’s central bank sees “ample” room for both monetary and macroprudential policy easing as the coronavirus is seen dragging down Indonesia’s economic growth in the first quarter. Bank Indonesia (BI) Governor Perry Warjiyo said Wednesday that unlike developed countries, Indonesia had the luxury of various fiscal and monetary measures to stimulate the economy. The statement follows […]
Read MoreThe General Department of Taxation (GDT) has cautioned that the COVID-19 outbreak will drive down the revenues they are able to collect in the coming months. It potentially scuppers their target of collecting $2,886 million in tax revenues this year, a 20 percent increase on 2019. Speaking at the Obligation of Tax on Income, E-Filing […]
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