MANILA, Philippines — Economists expect the peso to weaken to 53 to $1 this year amind the escalating tension between US and Iran. Philippine National Bank economist Jun Trinidad said the peso is expected to drift back to the 52 to 53 range against the dollar especially with the escalating tension between the US and […]
Read MoreThe Bank of Thailand is requiring financial institutions to adjust prepayment charges for small and medium-sized enterprise (SME) and personal loans and late-payment fees for SME, personal and mortgage loans based on actual costs, with immediate effect. Replacement fees for ATM and debit cards and codes are also waived, but financial institutions are still allowed […]
Read MoreIndustry watchers are expecting the wider presence of foreign supermarkets and retail malls in Myanmar in the coming year. “The market has been developing quickly. So, I think that within the next one or two years the wholesale and retail market landscape will expand,’’ said U Myo Htwe, Managing Director of Pro 1 Global Company, […]
Read MoreThailand’s plastics industry, plastic reprocessors and related industries are calling for the government to provide assistance following the campaign banning plastic bags at major retailers in the country. “The government must have a short-term measure to assist the industry, which is not ready to adjust its business to the no-plastic campaign,” says Apiphop Phungchaikul, deputy […]
Read MoreSingapore’s economy, a closely watched barometer for the rest of Asia’s export-driven countries, grew just 0.7 percent last year as the US-China trade war hammered global markets. The city-state has traditionally been the first among Asia’s economies to be affected during a downturn, and the country narrowly escaped tipping into recession in the third quarter. […]
Read MoreMANILA, Philippines — The Philippines and Cambodia are conducting negotiations for an agreement which seeks to prevent double taxation on individuals or companies covered by both jurisdictions, according to the Department of Finance (DOF). According to the DOF, both countries may soon reach an agreement on double taxation following the second round of negotiations between […]
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