MANILA, Philippines — The Department of Trade and Industry (DTI) said the signing into law of a measure that lowers the minimum paid-up capital for foreign retailers would help encourage more investments into the country. “We thank the President and the Senate and Congress for passing the Retail Trade Liberalization (RTL) Act. We in the […]
Read MoreHÀ NỘI — More than 1.4 million Vietnamese became unemployed in 2021, up 203,700 from the previous year, or 17 per cent, due to the impacts of the fourth wave of COVID-19 infections, data from the General Statistics Office (GSO) showed. The new strategy on flexibly living with the pandemic allowed the labour market to rebound in the final quarter […]
Read MoreThe Thai Digital Asset Association said on Sunday that it will write to the Revenue Department on Monday to seek clarification on collecting withholding tax on profits made from cryptocurrency. The association’s president, Suppakrit Boonsat, said the Revenue Department is still looking into the taxes it should apply and the association is seeking to discuss […]
Read MoreThe Thai baht slipped for a second session on Friday to its lowest in two weeks, leading declines along with the Philippine peso as pressures from an increasingly hawkish United States Federal Reserve weighed on risk-sensitive Asian markets. The Indonesian rupiah snapped a four-day losing streak to appreciate 0.2%. It lost 1% since the start […]
Read MoreInput cost increases have forced manufacturers to increase selling prices. However, purchasing power is weak, which is a warning about a tough year ahead. Nguyen Thi Thin, 52, was seen recently sitting quietly at her pho shop on Nguyen Van Cu Street in Long Bien district in Hanoi. She is among millions of people who […]
Read MoreMANILA, Philippines — The Philippine Statistics Authority (PSA) has rebased the consumer price index (CPI), which is used to determine the inflation rate, to base year 2018 starting next month. The PSA said it has rebased the CPI for all income households to base year 2018 from base year 2012. This will begin next month […]
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