Parliament has approved the new National Plan law for fiscal 2019-20, which will be effective from October 1, 2019 to September 30, 2020. The National Plan is expected to help Myanmar’s GDP grow by 7 percent to K95.4 billion during the period compared to 6.8pc in fiscal 2018-19. Contributing to economic growth is the financial […]
Read MoreLOCAL business confidence hit a near two-year low for the final quarter of 2019, according to Singapore Commercial Credit Bureau (SCCB)’s latest Business Optimism Index study, with manufacturing and wholesale trade braced for a downturn. Business sentiment dipped from +6.91 percentage points in Q3 to +4.82 percentage points in Q4. Year-on-year, it nearly halved from […]
Read MoreThe commerce departments in Prey Veng and Svay Rieng provinces can now issue the ‘D form’ of the certificate of origin, a move that saves exporters of agricultural goods time and money. Starting today, Prey Veng and Svay Rieng are the latest provinces to join the programme, which started in 2017 and already includes nine […]
Read MoreBrunei Darussalam’s total trade in June 2019 decreased by 0.8 per cent to BND1,229.8 million compared to June 2018. Total exports decreased by 9.0 per cent year-on-year to BND634.4 million. The decrease was mainly due to the fall in the exports of Crude Oil by 7.9 per cent and Liquefied Natural Gas (LNG) by 22.5 […]
Read MorePrasong Poontaneat, the finance permanent secretary, has delegated the Revenue Department to seek other tax sources to offset forgone revenue in the event that the Palang Pracharath Party’s populist manifesto to cut personal income tax comes into force. A 10% cut across brackets is possible, but the department must analyse which parts of personal income […]
Read MorePETALING JAYA: As Malaysia embarks on its digital banking licensing framework, incumbent banks are feeling the pressure as more non-bank players enter the digital fray. While the competition could be good for consumers, analysts said banks could lose some market share and customer base if they fail to buck up in their digitalisation and investment […]
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Thailand
