SINGAPORE: Singapore’s budget will likely be challenging for a number of years as officials look to balance fiscal sustainability with generous aid amid a long recovery, and signalled that higher taxes may be on the line. Operating revenues this financial year will probably be 16% lower than the government estimated in February, Deputy Prime Minister […]
Read MorePailin Chuchottaworn, head of a panel steering the economic recovery, on Monday urged the government to reopen the country in order to prevent it from collapsing. He said that despite the lockdown having been gradually eased six times, the country’s output would not improve unless the country reopens, albeit with precautionary measures. This year’s annual […]
Read MoreThe two-way trade between Cambodia and Thailand was valued at $5,073 million in the first eight months of this year, a 16 percent decrease compared to the same period last year. From January to August, Cambodia exported $913 million worth of products to Thailand, a year-on-year decline of 40 percent, according to the figures from […]
Read MoreAmendments to Thailand’s Labour Protection Act (LPA) on May 5, 2019, ushered in significant changes to a variety of labour laws, resulting in increased statutory severance pay, increased maternity leave benefits, implementation of paid necessary business leave, changes in wage payments during temporary suspension of business, interest payments for non-payment of wages in certain situations, […]
Read MoreMANILA, Philippines (UPDATE 12:11 p.m., Oct. 6) — Inflation slowed for the second straight month in September despite key economic centers returning back to business after a brief lockdown the previous month, reflecting a long way back to reviving consumer demand. Consumer prices rose 2.3% year-on-year in September from 2.4% the previous month, the Philippine Statistics Authority […]
Read MoreKUALA LUMPUR: Overall investments in Malaysia will regain momentum between 2021 and 2022, according to United Overseas Bank (Malaysia) Bhd (UOB Malaysia). The bank said this would be driven by the government’s focus on reviving the investment climate and the Malaysian Investment Development Authority’s (Mida) ongoing efforts to lure and expedite investment approval process, as […]
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