MANILA, Philippines — Despite economic shocks brought by the pandemic, the Philippines’ most-prized credit ratings are safe for now, securing another badge of creditworthiness from Moody’s Investors Service on Thursday who kept the country under investment grade. The global debt watcher kept the country’s credit rating at “Baa2” — two notches below the coveted “A” grade […]
Read MoreThe Civil Aviation Authority of Thailand has banned all flights with Covid-19 infected passengers from transiting through Thailand after China banned two flights from here. CAAT director-general Chula Sukmanop spoke of the new measure on Thursday in response to the report that the Chinese government temporarily banned the services of Thai AirAsia X and Thai […]
Read MoreSINGAPORE entered what might be its deepest – if not longest – recession in the second quarter, as gross domestic product (GDP) plummeted a record 12.6 per cent year on year due to Covid-19 measures and weak external demand, Ministry of Trade and Industry (MTI) advance estimates showed on Tuesday. Though Q2 might mark a […]
Read MoreAs car sales continue to reduce, local importers have asked authorised agencies to apply a 50% reduction in registration fees for imported cars in order to remove discriminatory tax reduction currently used for only locally-assembled vehicles. The European Chamber of Commerce (EuroCham) noted in its newly-released Whitebook on the year’s investment issues affecting the business […]
Read More[SINGAPORE] Clobbered by the crushing effects of the coronavirus pandemic, thousands of retailers from Bangkok to Singapore have rushed to set up online shops on big e-commerce platforms to stay afloat this year. Now entire shopping malls are going virtual for the first time. Marina Square Shopping Mall – nestled among luxury hotels and popular […]
Read MoreSINGAPORE and Malaysia are aiming to restart cross-border travel by Aug 10 for long-term pass holders and essential business and official travellers. While it would bring some relief to Malaysian employees stuck here, and the employers supporting them, industry observers say it won’t be a panacea for all the issues that affected parties are currently […]
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