Coronavirus lockdowns will slow the pace of economic recovery in the 10 ASEAN countries according to Moody’s Investors Service. The world’s biggest credit ratings company says that may harm the ability of borrowers to repay their debts, putting strain on the banking industry. “Banks in Thailand, the Philippines and Indonesia are particularly vulnerable as their […]
Read MoreThe Lao Ministry of Finance, on behalf of the government, has asked the National Assembly (NA) to consider changes to the Law on Value-Added Tax (VAT) to help address the country’s financial difficulties. The amendments have been recommended under the new national agenda on the resolution of financial issues currently being debated at an extraordinary […]
Read MoreA major global tax overhaul that will set a tax floor of 15 percent has the ability to level the playing field when attracting international investments from technology companies and increase the Kingdom’s coffers. A total of 130 countries in April agreed on a two-pillar reform ahead of the Group of 20 meetings that will […]
Read MoreVietnam’s overseas investment totalled US$570.1 million in the first seven months of 2021, a 2.3-fold increase from the same period last year, data from the Ministry of Industry and Trade’s Foreign Investment Agency (FIA) showed. In March, multi-sectoral giant Vingroup registered to invest in four new projects in France, the Netherlands, Canada and Singapore, and […]
Read MorePETALING JAYA: After months of business disruptions and operating at reduced capacity, businesses in Malaysia are finding it harder to stay afloat if Covid-19 restrictions are prolonged. Industry groups are appealing to the government to allow all businesses, regardless of the states they are based in, to operate at full or increased capacity if a […]
Read MoreSINGAPORE has upgraded its trade forecasts for the third time this year, on the back of strong second-quarter growth in sectors such as electronics and petrochemicals. Non-oil domestic exports (NODX) could grow by 7 per cent to 8 per cent year on year in 2021, trade agency Enterprise Singapore (ESG) said in a review on […]
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Thailand
