Many small and medium sized enterprises (SMEs) have had to borrow money from black credit sources. According to the PCI (provincial competitiveness index) report released by the Vietnam Chamber of Commerce and Industry (VCCI), 46.85 percent of surveyed private enterprises said they had difficulties in accessing bank loans in 2021. The figure was higher than […]
Read MoreThe Ukraine military offensive and the economic sanctions against Russia are putting Indonesian manufacturers in a tight spot, as increasing import costs eat into profit margins. Economists are saying it will only be a matter of time before firms pass on costs to customers. Prices of conflict-impacted commodities like cereals, oil, gas, steel and coal […]
Read MoreDeputy Prime Minister Le Minh Khai has approved reforms to the tax system. The strategy aligns Vietnam’s tax policy with international practices to meet resource requirements and realise the 10-year socio-economic development strategy to 2030. It will help stabilise State budget collections from taxes and costs in association with socio-economic development strategies for 2021-25 and […]
Read MoreThai businesses need to prepare for an influx of travellers as borders reopen, with the country rated the fourth most attractive destination in the world, according to the latest Global Travel Intentions study by Visa, the multinational payments company. Thailand remains one of most desirable destinations behind only the United States, the United Kingdom and […]
Read MoreMANILA, Philippines — Inflation management should be a top economic priority for the next president of the Philippines, as rising consumer prices may prompt the Bangko Sentral ng Pilipinas (BSP) to raise interest rates as early as next month, according to Moody’s Analytics. Sonia Zhu, associate economist at Moody’s Analytics, said in a commentary that […]
Read MoreIn a marked changed in tourism sentiment, some 300,000 foreign visitors arrived during the first seven days after Thailand abolished the Test & Go scheme, Government Spokesman Thanakorn Wangboonkongchana said on Monday. Thanakorn said Prayut was happy with the foreign arrivals figure after the Centre for Covid-19 Situation Administration cancelled the Test & Go scheme […]
Read More
Thailand
