MANILA, Philippines — A reduction in the corporate income tax, complemented by reforms in the tax incentives system, will drive economic growth, create more jobs, and lower poverty incidence in the country, according to a study commissioned by the Department of Labor and Employment (DOLE). Based on the study, the proposed reforms under the Corporate […]
Read MoreWith no end in sight to the economic downturn caused by the Covid-19 pandemic, the government aims to put much of its aid effort towards fiscal stimulus to prop up the economy, though there are unfavourable consequences to this move. The newly formed Center for Economic Situation Administration wants to create 1 million jobs for […]
Read MoreThe Hanoitimes – The disruption of supply chains as a result of the Covid-19 pandemic is a major concern, as all ASEAN members are export-oriented, said Vietnam’s Trade Minister Tran Tuan Anh. ASEAN members have agreed to measures to boost economic growth and maintain existing supply chains amid the Covid-19 pandemic, according to Vietnamese Minister of […]
Read MoreMALAYSIA will likely see its interest rate cut again by another quarter of a percentage point next month, according to some economists. With inflationary pressure expected to remain subdued, while the economy is relatively weak, they note, there is a good chance that Bank Negara will lower the benchmark overnight policy rate (OPR) by 25 […]
Read MoreSINGAPORE, Aug 29 — While higher manpower costs would be inevitable with the latest changes to salary requirements for work pass holders, companies contacted by TODAY said that the impact on costs is not something they are too concerned about. Instead, they, along with some industry observers, questioned whether these policy directions will achieve the desired effect […]
Read MoreThe beginning of this season’s rice harvest has been slower than in 2019. Tis has been brought about by drought causing slower seed-planting, resulting in some farmers having to replant and harvest has now been extended into December. Kao Thach, director-general of the Rural Development and Agriculture Bank (RDAB), said that although the drought had […]
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Thailand
