THE Monetary Authority of Singapore (MAS) on Thursday said that 14 out of the 21 digital bank applications will progress to the next stage of assessment. This was after they had met the eligibility criteria. Five of the 14 are digital full bank applicants, while nine are digital wholesale bank applicants. The central bank and […]
Read MoreIndonesia’s current market rout caused by the COVID-19 pandemic has provided a lucrative entry point for investor as stocks prices are now relatively low compared with prior to the outbreak, asset manager Schroders Indonesia has said. “It’s like a sale is happening in the stock market,” Schroders Indonesia investment director Irwanti said during the webinar […]
Read MoreMANILA, Philippines — The Philippines and Asian Development Bank (ADB) have inked a $500-million loan agreement for the provision of education and health assistance to poor Filipino households, according to the Department of Finance (DOF. In a statement, the DOF said Finance Secretary Carlos Dominguez and ADB country director for the Philippines Kelly Bird signed […]
Read MoreEconomic recovery after the COVID-19 pandemic will require greater efforts to foster the uptake of e-commerce and digital solutions all over the country, said Shamika N. Sirimanne, the United Nations Conference on Trade and Development (UNCTAD) director of technology and logistics. She added that it’s necessary to improve information communication technology (ICT) connectivity in rural […]
Read MoreThe General Department of Taxation (GDT) has provided companies more time to file their taxes because not all companies are ready for the new e-filing method. The announcement stated that after suggestions from the private sector, the Ministry of Economy and Finance decided to delay it from June to August. However, the GDT claims that […]
Read MoreThe Ministry of Finance will consider a value-added tax (VAT) rate of 5 per cent on fertiliser products which are now free of VAT in response to domestic producers’ claim that the zero VAT policy made it harder for them to compete. Director of the ministry’s Tax Policy Department Pham Dinh Thi told Vietnam News […]
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Thailand
