Just 40% of the country’s 2.6 million small and medium-sized enterprises (SMEs) have agreed to enter the single-account scheme despite carrot-and-stick measures in place for a year, says Prasong Poontaneat, director-general of the Revenue Department. The department has tried to prod SMEs into adopting a single account instead of the two or three accounts used […]
Read MoreSET-listed industrial conglomerate Siam Cement Group (SCG) has paid 5.46 billion baht for a 100% stake in a Vietnamese cement producer. President and chief executive Roongrote Rangsiyopash said the acquisition was done via SCG Cement-Building Materials Co Ltd, a wholly-owned subsidiary of SCG. It paid 5.46 billion baht to acquire all shares in Vietnam Construction […]
Read More[MANILA] Consumer inflation in the Philippines likely quickened to the highest in 27 months in February, mainly due to increases in energy prices and transport fares, but is unlikely to prompt any rate increases from the central bank, a Reuters poll showed. The median forecast in a poll of 11 economists was for the consumer […]
Read MoreMicro-Credit Ratings International Ltd (M-CRIL), an Indian provider of rating and advisory services to the microfinance industry, has secured a $1.5 million equity investment agreement from the Asian Development Bank (ADB) to push into emerging markets including Cambodia, the ADB said in an announcement last Friday. The investment will be used to strengthen existing M-CRIL […]
Read MoreMANILA, Philippines – President Duterte made it clear from the very start: he is going to eradicate corruption, crime and criminality in his six years in office. But while he wages a bloody war against suspected drug criminals, other “criminals” are having a grand time doing illegal activities. Such is the case with fuel smugglers, […]
Read MoreSome major brands in Vietnam had to stop advertising on the world’s largest online video site, YouTube, when these brands’ advertisements were linked to clips containing poor content. According to information from the Authority of Broadcasting and Electronic Information under the Ministry of Information and Communications, the authority received official dispatches from Vietnam Airlines, Mead […]
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