MANILA, Philippines — Tourism stakeholders are requesting for the deferment of the payment of local business taxes this year given the severe impact of the COVID-19 pandemic on the operations of the industry. In a letter to Department of the Interior and Local Government (DILG) Secretary Eduardo Año, Tourism Congress of the Philippines (TCP) president […]
Read MoreAutoriti Monetari Brunei Darussalam (AMBD) acts as a central bank of Brunei Darussalam with the responsibility of formulating and implementing monetary policy, advising the government on monetary arrangements, and supervising banks and other financial institutions. AMBD was established on January 1, 2011 as a statutory body, as stipulated in the AMBD Order, 2011. A monetary […]
Read MoreAs Cambodia works towards its goal of de-dollarising the economy, its dual-currency system is bolstering the population’s purchasing power while other emerging economies struggle to keep pace with the rising greenback. A Bloomberg report from earlier this week said most developing nations’ currencies have experienced a slump over the past two weeks while the US […]
Read MoreIndonesia remained China’s second-biggest nickel ore supplier in 2020, Chinese customs data showed on Wednesday, despite the Southeast Asian country’s ban on exports of the material. Arrivals of Indonesian nickel ore into China totaled 3.4 million tons last year, the General Administration of Customs reported. That was down 85.8 percent from 2019 but still second […]
Read MoreThailand’s mobile service revenue fell 12.6% in 2020, weighed down by the impact of the pandemic on mobile subscription growth, while the country’s 5G subscription numbers are expected to surpass 4G by 2025, says GlobalData, a data analytics and consulting firm headquartered in London. According to GlobalData’s Thailand Telecom Operators Country Intelligence Report, mobile subscriptions […]
Read MoreKUALA LUMPUR: Economists believe the door is open for Bank Negara to consider a rate cut this year despite the central bank keeping the overnight policy rate (OPR) at 1.75%. Alliance Bank chief economist Manokaran Mottain was not surprised by the central bank’s decision to maintain the OPR at 1.75% and said that there was […]
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