Tax revenue from private consumption and personal and corporate income will not reach the levels seen during the pre-pandemic period until a vaccine is successfully developed, says the Revenue Department. Tax revenue in the second quarter of the fiscal 2020 calendar, which started in October 2019, saw a 29% year-on-year decline as strict lockdown measures […]
Read More[JAKARTA] Indonesia will see a significant boost in trade and investment from the United States as a result of Washington’s renewed trade preference facility with South-east Asia’s largest economy, a top Indonesian official said on Sunday. “The ambition of the government is to double (US-Indonesia) trade in the next five years to US$60 billion, while […]
Read MorePETALING JAYA: Times may be tough for business, but the Malaysia External Trade Development Corp (Matrade) is doing all it can to ensure that it helps boost the country’s exports. “The core function of Matrade is to create export opportunities for Malaysian companies. During this time, it’s not for us to sit down and do […]
Read MoreMANILA, Philippines — Economists of private banks have raised their inflation forecasts for 2020 as recovery starts following the government’s decision to gradually reopen the economy, according to the Bangko Sentral ng Pilipinas (BSP). Dennis Lapid, director of the BSP’s Department of Economic Research (DER), said the results of the central bank’s survey of private […]
Read MoreWITH some global banks rolling back their most dire projections on how the pandemic will hit their books this year, the focus falls on Singapore banks to see how their performance in Asia would square in Q3. As Malaysia’s loan moratoriums have been tightened from automatic qualification to targeted debt holidays for applicable borrowers since […]
Read MoreThe Hanoitimes – The first phase of the two runway upgrade projects of Noi Bai and Tan Son Nhat airports are expected to be completed by the end of 2020, and become operational in early 2021. Permanent Deputy Prime Minister Truong Hoa Binh has urged contractors to finish the upgrade of the runways at Noi Bai […]
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Thailand
