PETALING JAYA: It appears that Corporate Malaysia needs more tax incentives to accelerate private investment growth that has been trending down in recent years. In 2019, private sector investments grew at the slowest pace since the global financial crisis, while the latest figures from the Statistics Department showed that net investments in fixed assets in […]
Read MoreTourism-related businesses are at a tipping point after more than 30% of them have exited the market, with many set to follow, according to the Tourism Council of Thailand (TCT). Chairat Trirattanajarasporn, president of the TCT, said the tourism industry predicts a further deterioration after six months of the coronavirus crisis, as many related businesses […]
Read MoreTalks to end the long-running conflict between Thailand and Cambodia, which both nations claiming ownership of offshore petroleum blocks in their overlapping maritime territories is finally expected to resume after a delay of 20 years. Outgoing Energy Minister Sontirat Sontijirawong said this when bidding farewell to Thai energy ministry executives after resigning from the Thai […]
Read MoreThe Government Savings Bank (GSB) is considering extending the debt moratorium measure due to end in September as most customers are still reeling from the Covid-19 impact. The bank’s board meeting held on Monday discussed extending the debt moratorium that has been in place since April, said GSB president and chief executive Vitai Ratanakorn. The extension […]
Read MoreSINGAPORE – More muscle to prevent unsuitable individuals from working in the finance industry and strengthen the framework for technology risk management are among the new proposals made by the Monetary Authority of Singapore (MAS) to deal with risks that can undermine the financial sector. It issued a consultation paper proposing such enhanced powers on […]
Read MoreIndonesia recorded a Rp 257.8 trillion (US$17.5 billion) budget deficit in the first half of the year as the government seeks to bolster stimulus spending to cushion the coronavirus-battered economy. The deficit amounts to 1.57 percent of the country’s gross domestic product (GDP), the highest half-yearly deficit recorded since the first half of 2016 but […]
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Thailand
