New business registrations fell again in July after rising 3% year-on-year in June, as the business sector remains worried about a second wave of the virus. The Business Development Department reported on Wednesday new business registrations totalled 5,667 in July, down 12% year-on-year from the same month last year, with combined registered capital worth 16.7 billion […]
Read MoreThe Hanoitimes – The portal would put more pressure on government agencies in ensuring efficiency of public services, said a senior World Bank official. The launch of the open budget portal on August 26 is a necessary step to meet the growing demand for effective state budget management and ensure efficiency in the allocation and utilization […]
Read MoreState-owned Bank Tabungan Negara (BTN) is aiming to focus on improving its asset quality this year and boost low-cost funds amid rising bad loans and eroded profits during the COVID-19 outbreak. The bank’s finance, planning and treasury director Nixon LP Napitupulu stated that among the bank’s strategies was attracting more low-cost funds with a bundled […]
Read MoreIn our Aug 24 business story “Fintech company offers growth to street vendors, merchants”, an article contained a line saying that financial technology company Fincy dealt with cryptocurrency in Cambodia. This was incorrect. Fincy is a mobile app that provides payments, transfers, payroll and multi-currency functions built on distributed ledger technology but does not deal […]
Read MoreECONOMISTS welcomed the Manpower Ministry’s move to tighten salary criteria for S Pass and Employment Pass (EP) holders, but bosses are concerned about the impact on costs, labour shortage and Singapore’s competitive edge. Irvin Seah, senior economist at DBS, has called for foreigners’ salary thresholds to be brought in line with the past decade’s rise […]
Read MoreKUALA LUMPUR, Aug 27 — The Housing and Local Government Ministry is still studying the vacancy tax and has not made any decision on the matter, Parliament was told today. In her reply during Minister’s Question Time today, Zuraida Kamaruddin told the Lower House that at the moment, the study is being conducted based on […]
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