Employers and employees are allowed to defer or stop financial contributions to company provident funds for another six months, a senior Finance Ministry official said on Monday. The decision by the Finance Ministry was published in the Royal Gazette on Friday and became effective on Saturday. It means both employers and employees are allowed to extend the […]
Read MorePrime Minister Prayut Chan-o-cha on Monday said that the larger government deficit in next year’s budget would not affect the country’s efforts to manage the spread and economic fallout of the coronavirus. “The 2022 budget deficit will not affect fiscal discipline and the country’s drive to move forward from the crisis caused by the Covid […]
Read MoreFrom January to November 2020 MANILA, Philippines — The gross non-performing loan (NPL) ratio of Philippine banks accelerated for the 11th straight month to hit the highest level in more than seven years as the industry’s bad debts surged by 74 percent due to the impact of the pandemic, according to the Bangko Sentral ng Pilipinas […]
Read MoreAs Cambodians increasingly embrace the digital age, homegrown developers are creating Khmer recipe apps to share the nation’s traditional dishes. No longer solely reliant on word of mouth, Cambodian food is now reaching the masses through this new digital outlet. The hundreds of thousands of downloads from Google Play and the Apple App Store have […]
Read MoreBANGKOK (The Nation/ANN): The Thai currency is likely to move between 30 and 30.20 on Monday (Jan 11) and 29.90 and 30.30 this week, said Jitipol Puksamatanan, the head of the “Easy Invest” team at SCB Securities. He explained that the baht last week had been weaker than other Asian currencies, due to investors’ concerns […]
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