Annual headline consumer prices dropped in May for the first time in 14 months, due mainly to last year’s high comparative figure, government data showed on Thursday. The fall gives the central bank room to keep interest rates low to aid economic recovery. Headline consumer prices dipped 0.04% in May to stand at 100.64 points, compared […]
Read MoreSINGAPORE – Retail sales in Singapore rose 2.6 per cent in April from a year earlier, continuing its upward movement for the second month in a row after 2 per cent rise in March, data from the Department of Statistics showed on Monday (June 12). On a monthly basis, retail sales rose 1.6 per cent in […]
Read MoreWhat if a company were required to file a corporate income tax return for each place of business using the same method as for filing a VAT return? As provocative as it sounds, the question is no longer hypothetical. Last month, the National Legislative Assembly considered a report from the Economic and Finance Commission that […]
Read More(KPL) Currently, almost 90 percent of new graduates are without jobs, with the labour market demand at only 10 percent of total graduates. Every year, about 1,000 students graduate from universities and colleges nationwide, but as the demand is only for only 10 percent of them, there is a shortage of jobs. About 80-90 percent […]
Read MoreBank of Ayudhya (BAY), Thailand’s fifth-largest lender by assets, is exploring business opportunities for its unsecured car and motorcycle loans in Cambodia. Thakorn Piyaphan, head of BAY’s unsecured loan and digital banking and innovation units, said the bank has been searching for credit card and personal loan opportunities. It is also studying digital banking options […]
Read MoreA draft bill on taxing e-commerce operators and social media networks will go before the cabinet this month, a step to ensure that the law will be enforced under the current government. The draft bill requires financial institutions, which now act as intermediaries for money transfer, to withhold tax at a rate of 5% for […]
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