SUPPORTING local tech firms as they strive for technological advancements is a vital part of Vietnam’s efforts to beat the middle-income trap and become a developed economy. To escape the middle-income trap, Vietnam must have a yearly growth rate of 6.5%-7% or individual income must grow 5.5%-6% each year, according to Nguyen Xuan Thanh from […]
Read MoreTwo tax measures were recently approved to resuscitate the housing sector, but they are unlikely to have much effect as mortgage rejections remain a major problem, say local developers. Prasert Taedullayasatit, president for premium business at residential developer Pruksa Real Estate, a subsidiary of SET-listed Pruksa Holding Plc, has suggested that the government revise Board of […]
Read MoreMANILA, Philippines — Excise taxes collected from sugar-sweetened beverages (SSB) fell short of target in 2018, raising questions on the type of sweetener used by beverage companies for their products, the Department of Finance (DOF) reported. According to data sent by the DOF to reporters, excise taxes on sugary drinks generated P42.6 billion in additional […]
Read MoreThe Hanoitimes – Vietnam posted the highest rate of cash on delivery for internet purchase at 90.17%, significantly higher than the second ranked Indonesia of 65.30%. The preference of cash usage in Vietnam is of the highest in ASEAN, according to Standard Chartered’s latest report. The report, titled “Cash digitization in ASEAN – What it means […]
Read MoreSINGAPORE: The 2020s are set to be the Asian decade, with the continent dominating an exclusive list of economies expected to sustain growth rates of around 7%. India, Bangladesh, Vietnam, Myanmar and the Philippines should all meet that benchmark, according to a research note on Sunday from Madhur Jha, Standard Chartered’s India-based head of thematic […]
Read MoreSINGAPORE: Tourist arrivals to Malaysia have been plateauing in the past few years and the government should take remedial measures to reverse this trend, according to Maybank Kim Eng’s regional head of institutional research Wong Chew Hann. “We have actually seen the tourist arrival numbers flattening, in fact it was down 0.4% last year to […]
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Thailand
