MANILA, Philippines — The Philippine economy is expected to grow by 7.4 percent this year as the start of COVID-19 vaccination this month is boosting business optimism despite another wave of infections in the country. In its latest analysis, market intelligence firm IHS Markit predicted that gross domestic product (GDP) for 2021 would return to […]
Read MoreMinistry of Post and Telecommunications (MPTC) and Microsoft in Asia Pacific have agreed to enhance the digital usage in Cambodia, as the Royal Government is transforming itself into an e-government. The two sides signed virtually on Mar. 16 a memorandum of understanding on the cooperation on human development and promotion of digital usage in Cambodia […]
Read MoreThe number of Thai households shopping online has shot up 58 per cent during the Covid-19 pandemic, which has accelerated the region’s shift to e-commerce. The dramatic rise in households buying online signals a turning point for e-commerce in Asia, says global marketing research firm NielsenIQ. “We have entered the end of the beginning of […]
Read MoreLower compliance cost for administrative procedures ensure a healthy and transparent business environment, while creating the foundation for enterprises’ development, Minister and Chairman of the Government Office Mai Tien Dung has said. To realize taxation procedures, enterprises in Vietnam have to spend an average of 3.8 hours and VND267,000 (US$11.5), the lowest compliance cost among […]
Read MoreCustomers using Mobile Money, a freshly-approved pilot project, may be charged a certain fee, according to the Vietnam Telecommunications Authority under the Ministry of Information and Communications. The amount of the fee will be considered by service providers taking into account the low-value payments made through the service to encourage users, particularly those in rural […]
Read MoreThe proposed budget for financial year 2021-2022 is estimated to be BND5.86 billion, similar to the previous financial year (2019-2020). The government revenue for financial year 2021-2022 is projected to be BND2.61 billion and the nation will record a budget deficit of BND3.25 billion. This was highlighted by Minister at the Prime Minister’s Office and […]
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Thailand
