The cabinet has approved a 50-billion-baht low-interest loan programme to assist informal workers and small and medium-sized enterprises (SMEs) related to the tourism sector. Since the new wave of the Covid-19 outbreak resulted in certain areas being placed under stringent control, subsequently affecting people’s livelihood and businesses, especially those operating in the tourism sector, the […]
Read MoreMANILA, Philippines — Remittances shrank by just less than one percent last year despite the displacement of close to half a million overseas Filipino workers (OFWs) due to the global health crisis, the Bangko Sentral ng Pilipinas (BSP) said. BSP Governor Benjamin Diokno said personal remittances slipped by 0.8 percent, while cash remittances coursed through […]
Read MoreAs the world recognises there will be no return to a pre-pandemic “business as usual” while COVID-19 still lingers, the increased urgency to adopt a reliable and convenient digital payment service in the new normal is clear. Therefore, according to the global central banking think tank OMFIF Digital Money Institute (DMI), the money revolution will […]
Read MoreAuthorities have announced that Lao citizens and foreigners with income in Laos must register for a taxpayer identification number. According to a notice issued by the Ministry of Finance on Wednesday, all persons liable to personal income, including Lao citizens and foreigners throughout the country, must register a taxpayer identification number. The compulsory registration of […]
Read MoreOCBC stock watchers have taken a “decidedly optimistic” outlook on Asian real estate investments, citing “undemanding valuations” and recovery from the Covid-19 downturn. The global roll-out of vaccines against the novel coronavirus is expected to gradually lift footfall and tenant sales in shopping malls, while more workers will return to offices. “Meanwhile, logistics and data […]
Read MoreThailand’s economy suffered its worst full-year performance in more than two decades, data showed on February 15, with officials citing the toll of a gutted tourism industry and ongoing political upheaval. Last year’s 6.1 per cent contraction was the worst since a 7.6 per cent decline during the Asian financial crisis in 1997 and officials […]
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