Asia Development Bank’s latest report estimated the GDP of Myanmar to grow to 1.8 percent in 2020 compared to 6.8 percent in 2019 while the GDP of most Southeast Asian economies are estimated to contract. Like Myanmar, Vietnam’s GDP growth is expected to have 1.8 percent and Burnie’s 1.4 percent. Thailand’s GDP is estimated to […]
Read MoreIndonesia’s gross domestic product (GDP) is expected to shrink even further than projected in the third quarter as capital city Jakarta reimposes large-scale social restrictions (PSBB), Finance Minister Sri Mulyani Indrawati said Tuesday. The government previously expected the economy to post a flat growth at best or a contraction of 2.1 percent at worst in […]
Read MoreSINGAPORE, Sept 15 — Amid longstanding calls to set a minimum age for private-hire car drivers, all new private-hire car driver’s vocational licence (PDVL) applicants must be Singaporeans who are at least 30 years old at the point of application, the Land Transport Authority (LTA) announced with immediate effect today. They must also have a […]
Read MoreReports of Chinese e-commerce giant Alibaba’s move to invest in ride-hailing and delivery player Grab have sparked concerns about market domination by two gigantic players in the Thai market. The move, in the eyes of the industry analysts, could potentially threaten other key e-commerce players, such as Shopee and JD Central, and dominate retail business […]
Read MoreMany listed banks witnessed weak performance of fee income growth in the first six months of the year due to the Covid-19 pandemic. Payment fees and card fees are expected to maintain growth momentum upon the promotion of non-cash payment, as banks are focusing on the retail segment and digital transformation, according to Viet Dragon […]
Read MoreThe high-rate of special tax of 10-25 percent on oil for production is one of the burdens facing the advancement of manufacturing industries in Cambodia that have a target to increase added-value by using machinery in the production chain, according to the Japanese Business Association of Cambodia (JBAC). JBAC said the total taxable amount of […]
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Thailand
