Bank customers are required to consent to banks forwarding their savings-account information to the Revenue Department, as the Finance Ministry tries to eliminate tax evasion, Finance Minister Apisak Tantivorawong said on Friday. A new tax regulation enforced since April 4, requires bank passbook holders to allow banks to send information about the interest they have […]
Read MoreThe Bank of Thailand (BOT) has adjusted downwards its GDP forecast for 2019 amid rising uncertainties about Thailand’s political situation and the US-China trade war. The central bank also cautioned that the country’s financial stability is at risk from the alarming increase of household debt nationwide. The central bank has lowered its GDP forecast for […]
Read MoreSINGAPORE (REUTERS) – Malaysia’s AirAsia Group Bhd has cancelled plans to enter Vietnam’s crowded aviation market, but said it was still keen on operating a low-cost carrier in the country. The Malaysian budget airline, in a statement on Wednesday (April 17), said it had ended an agreement with Gumin Company Ltd and Hai Au Aviation […]
Read MoreMANILA, Philippines — The government plans to suspend the importation of round scad (galunggong) amid improving local production. Agriculture Secretary Emmanuel Piñol said he would issue an order suspending the importation after the Holy Week. “We are intending to suspend the importation already because we have enough fish right now,” he said. The Department of Agriculture (DA)’s […]
Read MoreAsians have emerged as the most enthusiastic adopters of new and innovative technology products globally, according to findings released by GfK. The study, the first of its kind, entitled “New Tech Adoption Index” (NTAI), highlights Asia’s prominence in driving global new technology advancement, with the region’s high demand fuelling growth of overall product category in […]
Read MoreSINGAPORE has become the fourth-most expensive location in Asia for business travel, with a typical business trip there costing an average of US$468 a day. This was one of the findings of the latest Daily Rates research published by ECA International, a provider of information and software for the management of employees around the world. […]
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