MANILA, Philippines — Domestic trade grew marginally in terms of volume and contracted in terms of value in 2019, the Philippine Statistics Authority (PSA) said yesterday. Final results of the 2019 Highlights of the Domestic Trade Statistics in the Philippines showed that the total volume of domestic trade grew slightly by 0.4 percent to 25.89 […]
Read MoreA draft development policy for Small and Medium Enterprise (SME) and a new SME definition has been sent to the Ministry of Economy and Finance’s Economic and Financial Policy Committee (EFPC) for review and approval, according to a senior official. “In major countries, SMEs are considered a crucial sector for the economy, with SMEs contributing […]
Read MoreThailand’s food exporters have been warned of a sea change in consumer consumption and the retail market structure, bending towards supermarkets and away from catering services. Visit Limlurcha, president of the Thai Food Processors Association, said food exports are expected to change from big volume in bulky packaging to small portions in tiny packaging. “The […]
Read MoreKUALA LUMPUR, April 24 — Minister in the Prime Minister’s Department Datuk Seri Mustapa Mohamed said today the government should consider relaxing restrictions in districts with a low Covid-19 infection rate to allow more industries to reopen. The suggestion followed mounting pressure on the government to allow more businesses in green zones to resume operations, […]
Read MoreThe deteriorating global economic situation, with no timeframe of improvement in sight, continues to severely and demonstrably impact the Kingdom. Tax incentives to date have generally been limited to the garment and hospitality industries, with most incentives under limited timeframes and some tied to specific taxes, said Anthony Galliano, Group CEO of a corporate finance […]
Read MoreMANILA, Philippines — Cash is running low in government coffers to fight the coronavirus disease-2019 (COVID-19), a rare admission from economic officials who for weeks have insisted there are sufficient funds to respond to public needs during the health crisis. “So far, we have sufficient cash but we are already getting squeezed by our budget allowance,” […]
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Thailand
