KUALA LUMPUR, May 26 — To economists, the sharp plunge in April’s consumer price index was hardly a surprise. The nation was under a partial lockdown for that entire month; businesses shut down and demand plunged. But consumers saw the deflation as a telling sign of something far more ominous. Jobs and livelihoods were destroyed and people […]
Read MoreTaxpayers will now be able to pay taxes digitally without having to physically visit the local tax office, the Internal Revenue Department (IRD), which is under the Ministry of Planning, Finance, and Industry announced May 25. The e-payment services will be made available by local banks. Starting May 25, taxpayers will be able to pay […]
Read MoreThe Import and Export Department under the Ministry of Industry and Trade has set up different working groups to implement the the EU-Viet Nam Free Trade Agreement (EVFTA). The department said it will deploy 25 tasks into five key working groups for the agreement. The first group includes building and issuing legal documents. In detail, […]
Read MoreSET-listed Thitikorn (TK) is set to finalise the acquisition of a microfinance business in Myanmar next quarter, a move expected to lend support to the company’s goal of having 30% of its loan portfolio come from neighbouring countries by year-end 2020. TK, a leading motorcycle hire-purchase provider in Thailand, is in the process of acquiring […]
Read MoreMANILA, Philippines — Accommodation establishments will be allowed to resume normal operations, but at limited capacity only once areas are placed under modified general community quarantine or MGCQ, according to the Department of Tourism (DOT). Based on Administrative Order 2020-002, the DOT said accommodation establishments may accept bookings of all guests, whether for work or […]
Read MoreThe Ministry of Commerce on May 25 issued regulations designed to relax Myanmar’s decades-old ban on alcohol imports. The ministry’s “Guidelines for the Importation of Foreign Liquor” allows foreign spirits with the cost, insurance and freight value of US$8 or above to be brought in from Yangon ports and the Yangon International Airport. “Before, alcohol […]
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