MANILA, Philippines — A record pullback in both imports and exports dramatically shrank the Philippines’ trade gap to the lowest in more than five years in April as a shutdown of economies to stem the spread of coronavirus infections inadvertently strangled the flow of goods. Trade deficit narrowed to $499 million in April, 86.9% down […]
Read MoreThe Ministry of Tourism has announced all licence renewal fees will be waived next year, to further assist the decimated sector. However, fees for new business licence applications will still apply and other fees such as penalties for invalidated business licences will also remain. The fee exemption will come into effect from Jan 1, 2021, […]
Read MoreSINGAPORE – New private home sales rebounded in May from April, even as Singapore entered the second month of its Covid-19 circuit breaker period. Developers in Singapore sold 484 private homes in May, going by sale caveats, Knight Frank Singapore said on Wednesday (June 10). This is 74.7 per cent more than the 277 private homes sold by […]
Read MoreThailand should seek to participate in Asia-Pacific trade agreement negotiations in August before deciding on membership in the pact, a group of leading business associations said on Wednesday. Opposition parties and some civil society groups oppose membership in the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP), saying it may harm the farm and healthcare […]
Read MoreThe Hanoitimes – It would be more efficient if the government could waive and delay tax payments for one to three years, said a senior local economist. The Vietnamese government should provide stronger and more specific support for the business community to overcome hardship caused by the Covid-19 pandemic, according to Nguyen Dinh Cung, former director […]
Read MoreLosses on electricity subsidies in Myanmar are likely to have declined to just about a third of levels seen before tariffs were raised in July 2019, U Tin Maung Oo, permanent secretary of the Ministry of Electricity and Energy, told journalists at the government’s fourth year performance review in Nay Pyi Taw on June 8. […]
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