MANILA, Philippines — The country’s balance of payments (BOP) surplus narrowed by 28.5 percent to $448 million in March from $627 million in the same period last year amid the sharp drop in foreign portfolio investments as investors cashed in on their holdings amid the coronavirus disease 2019 or COVID-19 pandemic, according to the Bangko […]
Read MoreThe country’s main industries and economic growth are expected to take longer than one year to return to pre-pandemic levels, while an unemployment spike is the greatest concern, says Kasikorn Research Center (K-Research). Tourism, automotive and property development are the three industries expected to take a longer time than other sectors to bounce back to […]
Read MoreThe government is considering a US$24 million bail-out plan to help Myanmar National Airlines (MNA) cover its operational expenses, U Win Khant, Permanent Secretary of the transport ministry, said during a Myanmar tourism forum on June 1. “The situation at MNA is pretty bad and the airline could require state protection to remain solvent,” said […]
Read MoreMANILA, Philippines — Flights resumed on Wednesday after the government re-opened the country’s airspace, two and a half months since getting shut off during the enhanced community quarantine in Luzon and other areas. In separate advisories, local carriers announced they are mounting flights from Metro Manila to select areas in the Visayas and Mindanao where […]
Read MoreWORKERS working from home can claim deduction against employment income for charges such as electricity and telecommunication expenses not reimbursed by employers. An Inland Revenue Authority of Singapore (Iras) spokesperson told The Business Times: “Tax deduction against employment income is allowable for expenses incurred wholly and exclusively in the production of employment income. “ To […]
Read MorePoipet Special Economic Zone – a wholly-owned subsidiary of Phnom Penh Special Economic Zone Plc. – is aiming to become a higher value-added production hub, particularly for electronics, mechanical and automotive parts, according to its Chief Executive Officer. The zone will also utilize its close proximity to the Thai border and access to the developing […]
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