MANILA, Philippines — Revenues generated by the Bureau of Internal Revenue (BIR) and the Bureau of Customs (BOC) declined by 50 percent in May compared to last year’s level due mainly to the extension of the deadline for the filing and payment of income taxes, the Department of Finance (DOF) said yesterday. In a press […]
Read MoreTHAILAND’S economy will not fully recover from the novel coronavirus pandemic for another two years, no thanks to the drag from an insipid tourism industry, one economist has warned. Citi analyst Nalin Chutchotitham expects economic activity to rebound to 2019 levels only in mid-2022, as the killer contagion compounds structural issues such as an ageing […]
Read MoreNON-OIL domestic exports (NODX) in Singapore finally succumbed to the Covid-19 pandemic to post a 4.5 per cent drop year on year in May, after four straight months of growth. The fall, following a 9.7 per cent rise in April, was due mainly to a decline in non-electronics exports. Month on month, NODX also posted […]
Read MoreAirlines are eager to fly internationally again as soon as bilateral agreements between countries with low coronavirus risk are settled, as the aviation industry continues to struggle with unprecedented financial stagnation. Santisuk Klongchaiya, chief executive of Thai AirAsia (TAA), said the airline is ready to resume international flights once “travel bubbles” are successfully created and […]
Read MoreNegotiations should be held to reduce delays in the flow of goods between China and Myanmar caused by limitations at the Muse Border Trade Area, says a senior Myanmar official. The delays if the flow of goods is caused by traffic congestions and limited goods inspection facilities and personnel at the trade area in northern […]
Read MoreThe Hanoitimes – Vietnam has a great opportunity to surpass Thailand in rice export this year. Vietnam may become the world’s leading rice exporter in 2020 as shipments of the grain jumped in the first five months of this year, Minister of Industry and Trade Tran Tuan Anh told the ongoing National Assembly plenum on June […]
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