The Tourism and Sports Ministry plans to propose to the prime minister the idea of ditching dual pricing at local attractions for expatriates in Thailand, as well as asking tour operators to tailor packages to this target group. The packages should be attractive enough to lure expatriates, a group that could contribute 1 billion baht […]
Read MoreResolution 116/2020/QH14 granting a reduction of 30 per cent on corporate income tax (CIT) for eligible enterprises officially came into effect on Monday. The policy is a major effort to help companies overcome the negative impacts of the COVID-19 pandemic on business operations. Under the resolution, all enterprises, co-operatives, agencies and organisations established under Vietnamese […]
Read MoreMyanmar’s Union Parliament on Wednesday approved a US$483.8 million (660 billion kyats) loan from the Asian Development Bank (ABD) for an expressway that is a part of the international East West Economic Corridor (EWEC). The project hopes to link Vietnam’s port of Da Nang and Thilawa port in Yangon, passing through Laos, Cambodia and Thailand. […]
Read MoreThailand’s economy is likely to contract by as much as 11.4% this year, its worst showing, attributed largely to the pandemic impact, volatile foreign exchange, widespread drought and the continued US-China trade spat. Thanavath Phonvichai, president of the University of the Thai Chamber of Commerce, said the forecast was based on the country being closed […]
Read MoreCambodia could lose more than 15 percent of its international remittances in 2020 under the worst-case scenario because of the COVID-19 pandemic, according to a report by the Asian Development Bank (ADB). Based on the country’s total remittances of $2.8 billion in 2019, more than $420 million will not be sent home this year – […]
Read MoreMANILA, Philippines — Moody’s Analytics said the Philippine economy may book a deeper contraction of eight percent in the second quarter of the year from 0.2 percent in the first quarter due to the containment measures against the deadly coronavirus disease 2019. Steven Cochrane, chief economist for Asia Pacific at Moody’s Analytics, said the country’s […]
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