The Department of Disease Control (DDC) is keeping a close watch on Myanmar cities that border Thailand after learning the country on Wednesday reported 592 new cases of Covid-19. The coronavirus disease situation in Myanmar is a great concern, so business operators should stop hiring foreign workers, especially Myanmar people, to help prevent a second wave […]
Read MoreOVER 80 per cent of Singapore investors remained invested in the markets, even as the value of their investments has fallen due to the coronavirus outbreak, according to a survey by Fidelity International published on Thursday. The investment management firm polled 2,434 investors in Singapore, China, Hong Kong and Japan from July 29 to Aug 3. […]
Read MoreThailand’s economic recovery is expected to take longer than previously anticipated, mainly due to the drastic decline in foreign tourist numbers, says the Bank of Thailand. The central bank slashed its GDP growth forecast for 2021 from 5% to 3.6% as the pandemic continues to hamper international travel. The central bank has revised down its […]
Read MoreMalaysia is in for a bumpy recovery said DBS economist Irvin Seah in a note on Wednesday. Malaysia’s GDP growth in 2020 is expected to slump to -5.5 per cent, the worst since the Asian Financial Crisis (-7.4 per cent). That being said, with the impending global recovery and the low base this year, GDP […]
Read MoreProfessor, Doctor Pham The Anh talks on the proposal to reduce 30 per cent of income tax for all Vietnamese amid the pandemic. Do you support the proposal to cut down 30 per cent of income tax for all Vietnamese enterprises by the Board for Private Economic Development Research? Frankly speaking, I don’t support the proposal. I remember […]
Read MoreAn Australia-based research body sees a stable Philippine peso for the rest of the year, but warned that the currency may weaken once domestic demand picks up next year. In a report on Wednesday, ANZ Research projected the local unit to end 2020 at P48.40:$1, stronger than its P50.63:$1 finish in 2019. The peso is […]
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