LOOK: Night economy prosperous in Shanghai
People get together at a restaurant in Shanghai on May 31, 2020. Xinhua via China Daily/Asia News Network SHANGHAI — The night economy has been prosperous in Shanghai, especially on…
Stock values of South Korea’s rich change upon COVID-19
The Korea Herald/Asia News Network SEOUL — The ranking of South Korea’s richest people by their stock value changed drastically upon the COVID-19 pandemic, a survey released by CEOScore showed.…
S. Korea proposes largest-ever extra budget to battle pandemic
Yonhap via The Korea Herald/Asia News Network SEJONG — South Korea on Wednesday proposed another extra budget plan worth 35.3 trillion won ($29 billion) that will help key industries cushion…
Thai Cabinet approves development of 3rd major airport on eastern coast
The Nation/Asia News Network BANGKOK — The Thai Cabinet will soon sign a contract with BBS Joint Venture, which won the bid for the construction of U-Tapao Airport and the…
Sudden change in rent policy requires businesses to pay sooner than expected
Employers and workers in essential businesses that closed shop during the lockdown are now suddenly required to pay their rent much sooner than everyone else, revised guidelines from the Department…
COVID-19 financing pushes PH loans to new high of P8.6T
Government borrowings to finance COVID-19 response have driven debts through the roof, pushing total to a new high of P8.6 trillion in April alone. At least two-thirds of the debts…
Create, as it is, is ‘inequitable, inefficient,’ says economists’ group
A group of economists and professors from three of the country’s biggest universities expressed opposition to the current version of the proposed Corporate Recovery and Tax Incentives for Enterprises (Create)…
Group urges gov’t: Require jobs for corporate tax cuts
Simply lowering corporate income tax might prompt companies to just survive the COVID-19 pandemic, without any assurance that the tax cut would get them to either keep or hire more…
Raising COVID-19 funds: PH can afford deficit up to only 9 percent of GDP
Despite more funds needed to continue responding to the COVID-19 crisis, the Philippines can afford to widen its budget deficit to only up to 9 percent of gross domestic product…
Thailand OKs whopping 90% reduction in land, building tax for 2020
The Nation/Asia News Network BANGKOK — Thailand’s Cabinet has approved a 90 percent reduction in land and building taxes for the year 2020 and a two-month postponement in the deadline…