Instead of following procedures to become nvestors, foreign enterprises are preferring to ‘take a shortcut’ by taking over Vietnamese businesses, which allows them to penetrate the market more quickly. A report about foreign investment in HCMC City showed an increase in the number of cases of foreign investors buying into Vietnam’s enterprises. The figure accounts […]
Read MoreAs countries impose or strengthen social distancing measures due to Covid-19, a significant majority of consumers have turned to contactless card payments for necessary purchases, according to consumer polling by Mastercard. Citing safety and cleanliness, 79% of people worldwide and 91% in Asia Pacific say they are now using tap-and-go payments. Polling by Mastercard, studying […]
Read MoreThe Hanoitimes – With fewer concerns about currency and external stability, Vietnam’s central bank is likely to be more comfortable with delivering interest rate cuts to support growth. While the Vietnam’s economy has been hit hard by the Covid-19 pandemic, the country is in a relatively strong balance of payments (BOP) position to defend itself amid […]
Read MoreMANILA, Philippines — The Philippine Exporters Confederation Inc. (Philexport) is supporting a proposal to immediately cut the corporate income tax (CIT) rate to 25 percent to help businesses weather the economic fallout of the coronavirus disease 2019 or COVID-19 pandemic. Philexport president Sergio Ortiz-Luis Jr. said the group supports the immediate reduction of the CIT […]
Read MoreThe country’s economy contracted in the first quarter for the first time since 2014 as the coronavirus outbreak cut off tourist arrivals and shuttered commerce. Gross domestic product shrank 1.8% from a year ago, the National Economic and Social Development Council (NESDC) said on Monday. That’s the first contraction since early 2014, according to previously […]
Read MoreIndonesian companies have preferred to raise capital from the debt market in the first four months of this year as banks experience tight liquidity, according to Bloomberg data. Funding from bonds and syndicated loans constituted 98.1 percent of the total capital raised by Indonesian companies from January to April this year, totaling US$18.9 billion, Bloomberg […]
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Thailand
