MANILA, Philippines — Economic growth in the first quarter can be expected to remain at around six percent as the economy remains resilient to headwinds and public sentiment on the novel coronavirus COVID-19 outbreak begins to improve, the National Economic and Development Authority (NEDA) said. “I think we have a fighting chance,” Socioeconomic Planning Secretary […]
Read MoreSINGAPORE: Singapore is set to roll out a hefty package of measures to cushion the blow from the coronavirus epidemic on its economy next week, with some analysts expecting it to budget for its biggest deficit in over a decade. The South-East Asian business and travel hub, expected to see its economy contract this quarter […]
Read MorePETALING JAYA: Banks led the FBM KLCI lower in Wednesday’s trade after Bank Negara hinted at the possibility of another cut in the interest rate. Central bank governor Datuk Nor Shamsiah Mohd Yunus had said the central bank has ample room to adjust the overnight policy rate due to economic challenges. The GDP growth slowed […]
Read MoreThailand risks losing its place as the world’s second biggest rice exporter this year thanks to weaker competitiveness and a lack of rice varieties to cater to changing market demand. Charoen Laothamatas, president of the Thai Rice Exporters Association, said amid stiff competition, relatively higher production costs than rivals such as Vietnam, volatile foreign exchange […]
Read MoreMinimum wages across ASEAN countries are gradually increasing to match the rise in the cost of living. Despite the increases, minimum wage rates in ASEAN remain among the lowest in Asia. Foreign investors should seek the help of registered local advisors to help understand how these latest changes will affect their business operations. Minimum wage rates across […]
Read MoreLaos’ new Income Tax Law will come into effect on February 17, 2020, and sets out the latest tax rates for businesses and employees. The new law provides better progressive rates for personal income tax and has lowered profit tax rates. The law also provides clear penalties for companies that are not compliant. On February […]
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Thailand
