The Bank of Thailand plans to implement digital factoring next year to facilitate small and medium-sized enterprise (SME) access to loans. Factoring businesses provide an intermediate solution for liquidity problems caused by delayed payments. The idea behind the process is suppliers sell the invoices of a customer or debtor to a factoring business at a […]
Read MoreThe General Department of Taxation (GDT) has officially launched a mediation software tool to help with financial management information systems and tax data management. The purpose of introducing it is to modernise and automate revenue-sharing data between the tax data management and financial information. The system functions by transferring revenue data from the tax data […]
Read MoreIndonesian carmakers are looking at the export market to boost sales and increase factory utilization rates as the COVID-19 pandemic is projected to continue wreaking havoc on the domestic car market. Association of Indonesian Automotive Manufacturers (Gaikindo) secretary-general Kukuh Kumara said on Monday that the country’s carmakers were working with the Trade Ministry, Industry Ministry […]
Read MorePETALING JAYA: After six consecutive months of headline deflation, experts believe the country’s muted price pressures will likely continue for the rest of the year, mainly due to the sluggish crude oil prices. Maybank IB Research’s economics team, led by Suhaimi Ilias, said inflation may only return in 2021 at 2%. The research firm recently […]
Read MoreMANILA, Philippines — The Philippines may post the biggest economic contraction in Asia-Pacific at almost 10 percent this year after imposing one of the world’s longest and strictest lockdowns to slow the spread of COVID-19, according to S&P Global Ratings. In its latest economic research titled “Asia-Pacific’s recovery: The hard work begins,” the debt watcher […]
Read MoreSINGAPORE, Sept 25 — A study has found that three out of four Singaporeans were feeling anxious over issues such as long-term economic disruption as a result of Covid-19, along with unemployment, possible tax increases and the rising cost of living. The fear of contracting Covid-19 in public spaces was also a major source of […]
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