MANILA, Philippines — Economists are now convinced the Bangko Sentral ng Pilipinas (BSP) is likely to keep interest rates at record lows for a prolonged period as part of efforts to help the economy fully recover from the pandemic-induced recession. HSBC economist Noelan Arbis said the sharp hit to growth expectations this year and next […]
Read MoreTransportation companies could face their end at any moment, said a sector’s insider. As the Covid-19 pandemic continues to wreak havoc on the Vietnamese economy, transportation firms are forced to scale down operations to keep their business afloat. However, the fact that petrol prices have risen for two consecutive times in June has further placed […]
Read MoreThe Philippine Exporters Confederation Inc. (Philexport) urged the government to ensure processes and requirements for implementing the 12-percent value added tax (VAT) on indirect exports won’t burden exporters and micro, small and medium enterprises (MSMEs). In a letter to Bureau of Internal Revenue (BIR) Commissioner Cesar Dulay, Philexport President Sergio Ortiz-Luis, Jr. expressed concerns about […]
Read MoreBuyers nowadays only need to scan a QR code by their phones to pay for items, and shops have even stopped accepting cash payments. A banh mi (Vietnamese sandwich) shop on Dang Van Ngu Street in Hanoi attracts a large number of young buyers not only because its banh mi is less than VND20,000 ($0.8), […]
Read MoreThe government’s recent announcement of an ambitious plan to reopen the country by mid-October and curb household debt amid a battered economy has drawn mixed views from the business world, given the challenges ahead. RISK OR RELIEF? The plan to reopen Thailand holds the promise of more bustling economic activity, but it carries a fear […]
Read MoreThe trend of shoppers going online en masse is driving demand for cold storage facilities, something that is in severe short supply in Vietnam. Nguyen Quoc Trinh, chairman of the Long An Dragon Fruit Association, said June is the peak harvest season for many agricultural products in Long An, but exports remain difficult and local […]
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