KUALA LUMPUR: Malaysia’s central bank Tuesday cut its key interest rate for the first time in almost three years as it looks to boost slowing growth as China-US trade tensions weigh on the economy. The move comes as central banks around the world adopt a more dovish stance in the face of a weak global […]
Read MoreSINGAPORE: Singapore‘s central bank said it is studying whether to allow financial technology firms to operate digital-only banks in the city-state, as regulators in other Asian markets begin issuing virtual banking licences. Singapore is among several financial centres in the region, such as Hong Kong, Seoul and Tokyo, pushing to become a fintech hotspot. Measures in recent years include state funding, […]
Read MoreThe Revenue Department aims to add 200,000 individuals to the income tax base every year, says director-general Ekniti Nitithanprapas. The number of individual income tax filers surged by 300,000 from 10.9 million in 2017 to 11.2 million last year, he said. Salary earners and small businesses both online and offline contributed to the higher tax base. […]
Read MoreJAKARTA: Retail sales in Indonesia grew at 10.1% in March, compared with an annual growth rate of 9.1% in February, a central bank survey showed on Tuesday. March retail sales were mainly backed up by the sales of clothing, as well as auto spare parts and accessories. The survey predicted retail sales would grow 5.7% […]
Read MoreHO CHI MINH CITY — Vietnam has long been a tough place to hire and keep employees, but it’s even tougher now, as business trends force companies to scramble to recruit enough staff, according to a new report. Foreign retail brands are entering the market for Vietnamese customers, factories and other businesses are relocating here from […]
Read MoreThe General Department of Taxation (GDT) on Thursday said back payments of seniority indemnity for Cambodian employees are tax exempt, while employers can also deduct the payments from their income taxes. The GDT’s instruction circular, signed by Cambodian Minister of Economy and Finance Aun Pornmoniroth on April 11 and released on Thursday, also says that […]
Read More
Thailand
