Under the new support package that the Ministry of Finance is working on, all business households and individuals would enjoy a 50% reduction in payable tax arising from production and business activities in the third and fourth quarters of 2021. Nguyen Quoc Hung, Director of the Tax Policy Department of the Ministry of Finance, said […]
Read MoreIn the wake of the haziness that surround ed the temporary ban on dining, restaurateurs were granted relief by a City Hall decree issued early last evening that establishments be allowed to serve patrons again, indoors or out, as long as they adhere strictly to proper health protocols. Confusion had reigned during the latest measures, […]
Read MoreMANILA, Philippines — Banks’ bad loans are expected to pick up until the first half of next year as the country continues to struggle to contain the pandemic. In a virtual media roundtable, Joyce Ong, analyst at Moody’s Investors Service, said the Philippine banking sector is expected to suffer from an elevated non-performing loan (NPL) […]
Read MoreSINGAPORE is among the top countries in the world for unicorn startups, with six businesses valued at over US$1 billion. It also took the Republic’s unicorn businesses an average of six years and 11 months to reach a US$1 billion valuation. Singapore is fourth in the global ranking compiled by UK price comparison website Money.co.uk. […]
Read MoreRestaurant operators are calling on the government to consult with them before deciding on new restrictions that affect their businesses. They said inconsistent government measures have made it difficult for restaurants to operate. In July, the government announced tighter restrictions because of surging Covid infections, banning dine-in services at restaurants in malls in dark red […]
Read MoreAsia-Pacific economies will outstrip their global peers this year and next, according to Moody’s Investors Service. But the rebound masks deep scars from the Coronavirus pandemic, according to the world’s biggest ratings company. “We forecast about 30 percent of APAC economies will face a modest degree of scarring, experiencing an output decline of between 2 […]
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Thailand
