The government has issued a directive (prakas) on tax arrears management aimed at supporting the process of efficient, effective and transparent tax arrears collection. Prakas number 962, signed by Deputy Prime Minister and Minister of Economy and Finance Aun Pornmoniroth, was issued on Nov 20. This directive is inclusive of all taxpayers with payments currently […]
Read MoreThailand’s economy will take at least two years to recoup the 9% of GDP lost to the pandemic crisis, says Finance Minister Arkhom Termpittayapaisith. The economy would have expanded by around 3% this year if the pandemic crisis did not erupt, said Mr Arkhom. The pandemic crisis will make the economy contract by around 6% […]
Read MoreSINGAPORE: While Singapore is turning the corner in its economic recovery, it still has a long way to go as it adapts to the new realities of the Covid-19 world, said Trade and Industry Minister Chan Chun Sing yesterday. The improvement in Singapore’s economy in the third quarter of 2020 shows that the Republic is […]
Read MoreThe second phase of the co-payment scheme, where the government subsidises 50% of food and goods purchased at small shops, will cover as many people as possible, says a senior Finance Ministry official. Details of the scheme will become clearer in mid-December. The quota of 10 million people was filled during registration for the first […]
Read MoreVietnam’s equity market may witness big merger and acquisition (M&A) deals in 2021 as local banks are trying to lure foreign capital on the country’s participation in international trade deals. Vietnamese banks, especially small-cap ones, are targeting more foreign capital to improve their performances, financial expert Huynh Trung Minh said. However, the global markets have […]
Read MoreThai exports saw a wider contraction in October, with the rate dropping by 6.71% from the same month of last year after the registering a drop of 3.9% year-on-year in September. The Commerce Ministry reported on Monday the country’s customs-cleared exports fetched US$19.38 billion in October, with imports shrinking 14.32% to $17.33 billion, resulting in a […]
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