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Covid-19 has made it harder for one-third of Singaporeans with home loans: OCBC survey

SINGAPORE – Covid-19 has put additional stress on Singaporeans’ financial well-being, according to the latest survey by OCBC. Although most Singaporeans are good at the “basics”, particularly saving their money, many are now struggling to keep up with housing loan payments and maintaining their usual level of passive income. The OCBC Financial Wellness Index, which […]

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Vietnam customs steps up fight against origin frauds in trade

The Hanoitimes – In order to better combat trade fraud activities in the future, the Ministry of Finance is requesting related agencies to soon issue specific criteria for domestically-produced goods. Under Prime Minister Nguyen Xuan Phuc’s instruction in Directive No.824 on tightening state administration against trade frauds, the General Department of Vietnam Customs (GDVC) has been […]

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Asean can afford larger budget deficits, public debt levels without causing instability

SOUTH-EAST Asia’s external position is solid enough to sustain a prolonged expansionary fiscal stance, which also means policymakers can continue to run larger budget deficits and debt levels over the next few years, without causing any macroeconomic instability, a report by ANZ Research suggested on Monday. While large fiscal stimulus programmes have provided a critical backstop to […]

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Philippines: Peso may strengthen further to 47:$1

MANILA, Philippines — Dutch financial giant ING Bank sees the peso maintaining its momentum and strengthening further to pierce the 47 to $1 level amid the outperformance of Asia-Pacific countries in controlling the COVID-19 pandemic. Rob Carnell, regional head of research for Asia Pacific at ING, said in a report titled “Asia: Better than all […]

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Malaysia: Glove makers to pay higher taxes

PETALING JAYA: Glove manufacturers are expected to continue reaping huge profits into next year with the amount of corporate income tax paid by the industry projected to reach RM4.7bil in 2021 after forking out RM2.8bil in 2020. According to Maybank Investment Bank Research following its dialogue with Finance Minister Tengku Datuk Seri Zafrul Tengku Abdul […]

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