KUALA LUMPUR, Sept 29 — The total wage subsidy approved to employers under the Wage Subsidy Programme starting April 2020 amounted to RM11.93 billion as at Sept 18, 2020, said Finance Minister Tengku Datuk Seri Zafrul Abdul Aziz. He said the initial three-month programme (April, May and June), which had been extended for another three months (July, August and […]
Read MoreLife insurance shrank 5.69% in the first half while non-life witnessed 1.9% growth, with both segments seeing an increase in gross profits thanks to a sharp reduction in claims during the lockdown period. Chuchatr Pramoolpol, deputy secretary-general of the Office of the Insurance Commission (OIC), said growth trends remain uncertain for the second half as […]
Read MoreSINGAPORE: Singapore’s central bank is in talks with lenders about extending the nation’s debt moratorium programme beyond Dec 31 to provide extra relief for borrowers hit by the fallout from the coronavirus pandemic, according to sources. One of the key measures being discussed by the Monetary Authority of Singapore (MAS) and local banks is the […]
Read MoreThe Hanoitimes – Under the decree, enterprises’ revenue would be the main criteria to assess whether they are qualified for such a tax reduction. Prime Minister Nguyen Xuan Phuc on September 25 signed off government Decree No.114/2020/ND-CP, stipulating a cut of 30% in the corporate income tax (CIT) for enterprises having their revenue of less than […]
Read MoreSINGAPORE, Sept 29 — More Singaporeans are understandably taking up jobs in the gig economy to boost their income during the economic slump, but the head of Grab Singapore hopes that most of them will explore other earning opportunities when the economy recovers. Yee Wee Tang, managing director of the ride-hailing firm, said: “Because of […]
Read MoreNational Bank of Cambodia Governor Chea Chanto said Cambodia needs a strong national currency to strengthen its economic and financial resilience to underlying crises, as well as to support sustainable and inclusive socio-economic growth and development. He made the remarks at the 40th anniversary of the re-introduction of the riel held in Phnom Penh yesterday. […]
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