The cabinet on Tuesday decided that ailing Thai Airways International Plc (THAI) must go through rehabilitation via the bankruptcy courts in a “difficult but necessary” decision that ushers in complex, make-or-break steps for the national carrier, according to Prime Minister Prayut Chan-o-cha. Gen Prayut insisted the cabinet had opted out of throwing a financial lifeline […]
Read MoreBrunei Darussalam’s gross domestic product (GDP) growth is projected to be 1.3 per cent this year and 3.5 per cent next year, the International Monetary Fund (IMF) highlighted last Tuesday, in its first World Economic Outlook report since the pandemic shut major economies. In its earlier forecast in October last year, IMF said for 2020, […]
Read MoreThe Code of Corporate Governance (CG Code), like a guiding light, serves to strengthen listed companies in their governance. Its presence also acts as a confidence boost for foreign investors. Often, the presence of a CG Code has to do with the maturity of the capital markets, especially the stock exchanges in the particular nation. […]
Read MoreThe revenue target for the three tax-collecting agencies this fiscal year is unlikely to be met after the Covid-19 outbreak disrupted business activities. The Revenue Department’s tax collection fell short of its target by 2.2% for the first half of this fiscal year, and the magnitude of the economic downturn is expected to escalate in […]
Read MoreCambodia’s rubber export has increased 10 percent in the first quarter of this year compared with the same period last year, but the price of the commodity showed a slight decrease, according to a report from Ministry of Agriculture, Forestry and Fisheries. The figures showed that from January to March, Cambodia exported 53,057 tonnes of […]
Read MoreAyala, the Philippines’ oldest conglomerate, aims to fully divest from coal by 2030, a rare rebuke of the fuel in a region where its use is expected to grow. Ayala’s power-generation unit, AC Energy Philippines, will also boost investments in renewable generation as it transitions to a low-carbon portfolio, President Eric Francia said in a […]
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