The northern province of Bac Giang, dubbed Vietnam’s “kingdom of lychee”, has devised three scenarios for the sales of its staple in the face of the COVID-19 pandemic. The province has become a hotspot of COVID-19 outbreaks in recent times, with thousands of confirmed infections, mostly in its industrial parks. In the first scenario, if […]
Read MorePETALING JAYA: The anticipated recovery in consumer spending in the second half of the year, aided by government policies and spending and a ramp-up in vaccination, will be a positive driver for the economy. According to the Malaysian Institute of Economic Research (MIER), consumer sentiment had further rebounded in the first quarter (Q1) of this […]
Read MoreAsean cross-border digital payment services now cover Thailand and Malaysia. Bank Negara Malaysia (BNM) and the Bank of Thailand launched a cross-border QR payment linkage yesterday, allowing consumers and merchants in both countries to send and receive payments instantly through a QR code across borders. The project commenced in June 2020 and is scheduled to […]
Read MoreFrom August 1, 2021, a 5 percent VAT and 2 percent PIT will be imposed on services such as saunas, massage, karaoke, discotheques, billiards, internet, games, tailoring, laundry, haircut and hairdressing, and other services. The stipulation is part of the Ministry of Finance’s newly released Circular No 40 VAT and PIT management. The newly released […]
Read MorePrime Minister Prayut Chan-o-cha’s controversial goal to reopen virus-battered Thailand within 120 days will help boost business confidence, even if there is a risk of more Covid-19 infections, says the Federation of Thai Industries (FTI). The premier announced on Wednesday, “it is time to jointly take a risk that is well-assessed and manageable” for the […]
Read MoreVietnam Airlines is in an extremely difficult situation as it continues incurring losses. Private airlines, including Vietjet Air and Bamboo Airways, have also been affected financially. The Ministry of Planning and Investment (MPI) said that the Covid-19 pandemic has caused the air transport market to seriously decline. Air transport demand has decreased by 34.5-65.9 percent […]
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Thailand
