The Hanoitimes – The cut is made to refinancing interest rate, discount interest rate, and interest rate applicable to overnight loans, starting effective from today. The State Bank of Vietnam, the country’s central bank, has decided to cut its policy interest rates by 50 – 100 basis points as the Covid-19 epidemic is taking a heavy […]
Read MoreOnline businesses – even individuals – using the Facebook platform in Cambodia to sell products and services face being taxed like officially registered enterprises. Kong Vibol, director general of the General Department of Taxation at the Ministry of Economy and Finance, insisted ay transaction involving a profit is subject to register with the tax administration. […]
Read MoreSINGAPORE exports were back in positive territory in February 2020, thanks to a growth in both electronics and non-electronics shipments. Non-oil domestic exports (NODX) rose 3 per cent year-on-year in February, reversing from a 3.3 per cent decline in the previous month, according to figures released by Enterprise Singapore on Tuesday. Electronics exports increased by 2.5 per cent […]
Read MoreMALAYSIA is restricting movement nationwide for two weeks from March 18 to fight the Covid-19 outbreak. Entry restrictions will be in place, and all shops will close, with the exception of those selling food and daily essentials. Schools, private businesses and government departments will also close, except for those providing essential services. Malaysian Prime Minister […]
Read MoreThe Bank of Thailand still has monetary policy space for further rate cuts to cushion the impacts from the Covid-19 outbreak and the central bank will take into account the US Federal Reserve’s emergency rate cut at its upcoming meeting, says a senior official at the Finance Ministry. The rate cut would support the Finance […]
Read MoreThe Hanoitimes – Fitch Solutions has forecast that Vietnam’s automotive market will remain robust in 2020, as an improved credit outlook and declining vehicle prices all support higher vehicle demand. Vietnamese authorities are mulling a host of favorable policies to help the local automobile industry reduce costs, increase output and drive up demand in order to […]
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