SINGAPORE – Takings at the till fell for the seventh straight month in August compared with the same period last year, as sales fell for big-ticket items, especially cars, according to data released by the Department of Statistics on Friday (Oct 11). Retail sales dropped 4.1 per cent year on year, not far from the […]
Read MoreThe Bank of Thailand is set to step up efforts to rein in the baht in the next few months by easing capital flow regulations, managing gold trading flows and lowering the current account surplus, says its chief. The central bank is talking with related regulators to encourage outbound portfolio investment by both institutional and […]
Read MoreThe Hanoitimes – Labor force quality is still a main obstacle for Vietnam to overcome. The enforcement of new generation free trade agreements has required Vietnam to overcome several obstacles, especially sub-standard labor force quality, to enable it optimize huge potential of the deals, experts said. New generation FTAs, including the EU-Vietnam Free Trade Agreement (EVFTA), […]
Read MoreGem and jade businesses in Myanmar have long struggled against illegal traders, who evade taxes and undercut them in terms of price. Now, the same businesses are up against a new threat: e-commerce. Since the beginning of this year, brick-and-mortar gem businesses have seen a sharp drop in sales at international trade fairs and expos. […]
Read MoreCambodia’s economy currently faces challenges including credit growth in the construction and real estate sectors, rising indebtedness and the possible withdrawal of the EU’s Everything But Arms (EBA) agreement, said the World Bank Group’s latest forecast report on the Asia-Pacific economies. The report, released on Thursday, said total outstanding loans from banks and microfinance institutions […]
Read MorePETALING JAYA: A day before Budget 2020, the World Bank has recommended that the government broaden the coverage of items under the sales and service tax (SST) and expand personal income taxes, among potential measures to diversify Malaysia’s sources of revenue. The suggested measures are expected to rebuild the country’s fiscal buffers, which the World […]
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