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Thailand: Life, non-life segments see profits rise

Life insurance shrank 5.69% in the first half while non-life witnessed 1.9% growth, with both segments seeing an increase in gross profits thanks to a sharp reduction in claims during the lockdown period. Chuchatr Pramoolpol, deputy secretary-general of the Office of the Insurance Commission (OIC), said growth trends remain uncertain for the second half as […]

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Vietnam PM enacts 30% cut in 2020 corporate income tax

The Hanoitimes – Under the decree, enterprises’ revenue would be the main criteria to assess whether they are qualified for such a tax reduction. Prime Minister Nguyen Xuan Phuc on September 25 signed off government Decree No.114/2020/ND-CP, stipulating a cut of 30% in the corporate income tax (CIT) for enterprises having their revenue of less than […]

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Grab head: Workers going freelance in Singapore due to Covid-19 slump should look for other jobs when economy recovers

SINGAPORE, Sept 29 — More Singaporeans are understandably taking up jobs in the gig economy to boost their income during the economic slump, but the head of Grab Singapore hopes that most of them will explore other earning opportunities when the economy recovers. Yee Wee Tang, managing director of the ride-hailing firm, said: “Because of […]

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Cambodia: NBC makes argument for more use of riels

National Bank of Cambodia Governor Chea Chanto said Cambodia needs a strong national currency to strengthen its economic and financial resilience to underlying crises, as well as to support sustainable and inclusive socio-economic growth and development. He made the remarks at the 40th anniversary of the re-introduction of the riel held in Phnom Penh yesterday. […]

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