THE Monetary Authority of Singapore (MAS) remains “highly vigilant” to the risk of a sustained increase in housing prices relative to income trends, with a prolonged divergence seen as unsustainable, said a top executive from MAS. In his opening remarks at the launch of MAS’s annual report, managing director Ravi Menon noted that the property […]
Read MoreDespite progressively stricter regulations by tax collectors, individuals running business via online platforms are always a step ahead finding workarounds. As soon as Decree No.126/2020/ND-CP officially came into force at the beginning of last December, online vendors have quickly found tricks to avoid their tax obligations. Circumventing banks’ obligation to provide bank information of online […]
Read MoreThe cabinet on Tuesday approved seven state-owned financial institutions extending debt relief measures for their customers for another six months to help ease the impact of Covid-19, says Finance Minister Arkhom Termpittayapaisith. He said the existing measures are set to expire in June or July. These institutions have provided relief measures to 7.56 million individuals […]
Read MoreKUALA LUMPUR, June 30 ― The World Competitiveness Yearbook 2021 has ranked Malaysia’s global competitiveness at 25th place from out of 64 economies, an improvement from the 27th position in 2020. International Trade and Industry Minister Datuk Seri Mohamed Azmin Ali said in the World Bank’s Ease of Doing Business 2020 ranking, Malaysia held second […]
Read MoreMANILA, Philippines — Higher power costs and a slightly weaker currency likely stoked faster consumer price growth in June, although the spike was likely cushioned by more affordable food items. In a statement on Wednesday, the Bangko Sentral ng Pilipinas said it expects inflation to settle between 3.9% and 4.7% this month. If the upper-end […]
Read MoreSINGAPORE (THE BUSINESS TIMES) – Bank lending in Singapore rose 0.2 per cent in May as business loans pick up and loans to consumers hold steady, data from the Monetary Authority of Singapore showed on Wednesday (June 30). Loans through the domestic banking unit – which captures lending in all currencies, but reflects mainly Singapore-dollar lending […]
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