The World Bank will support Myanmar under a new country partnership framework from 2020 to 2023, it said on May 18. The framework will focus on three areas – building human capital and fostering peaceful communities, stimulating responsible private sector-led growth and inclusive economic opportunities, and enhancing the resilience of Myanmar to cope with natural […]
Read MoreMANILA, Philippines — Repairing the pandemic’s damage on the government’s hard-earned strong balance sheet will go beyond the Duterte administration, a consequence of the health crisis and a necessary shift in priorities from achieving historic fiscal ambitions to saving lives and addressing people’s needs. “Revenues will normalize in about 4 to 5 years as what […]
Read MoreThe cabinet on Tuesday decided that ailing Thai Airways International Plc (THAI) must go through rehabilitation via the bankruptcy courts in a “difficult but necessary” decision that ushers in complex, make-or-break steps for the national carrier, according to Prime Minister Prayut Chan-o-cha. Gen Prayut insisted the cabinet had opted out of throwing a financial lifeline […]
Read MoreA group of mall operators has called on the government for remedy, citing losses of almost 15 billion baht worth of sales revenue during forced closure between March 22 to May 17. According to a source from the Thai Shopping Centers Association (TSCA) who requested anonymity, the association recently filed a letter with the government […]
Read MoreThe Hanoitimes – With the new threshold in place, set to take effect from January 1, 2020 retrospectively, there would be more than 1 million people whose incomes are not taxable. The Standing Committee of the National Assembly (NA) has approved the government’s proposal to raise the personal income tax threshold from VND9 million (US$389) per […]
Read MoreCommunication and Information Minister Johnny G. Plate has urged digital companies to improve their cybersecurity systems following recent reports of data breaches on Indonesia’s largest e-commerce platforms. The minister said on Friday that Indonesia’s digital economy was “under attack” and that companies needed to routinely increase their investments into cybersecurity. “There were large scale attacks […]
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Thailand
