Philippines secures over 8.8 bln USD for COVID-19 response World

Philippines secures over 8.8 bln USD for COVID-19 response

The Philippines has so far secured a total of 8.83 billion USD in borrowings, loans and grant assistance for the government's COVID-19 response efforts from its development partners and the commercial markets, China’s Xinhua News Agency reported.
Public debt of Laos predicted to increase amid COVID-19 World

Public debt of Laos predicted to increase amid COVID-19

The public debt of Laos may increase to as much as 65 to 68 percent of its gross domestic product (GDP) in 2020 following a sharp fall in national revenue collection alongside an increase in loans due to the COVID-19 pandemic, Vientiane Times reported.
Ownership, risk-sharing must be clarified in PPP law: experts Business

Ownership, risk-sharing must be clarified in PPP law: experts

Ownership rights and risk-sharing mechanisms must be clarified in public-private partnership (PPP) law to encourage the participation of private investors and ensure efficiency as well as transparency of PPP projects, according to Tran Chung, Chairman of the Vietnam Association of Road Traffic Investors.
Indonesia’s budget deficit predicted to widen to 2.8 percent World

Indonesia’s budget deficit predicted to widen to 2.8 percent

Indonesia’s 2020 state budget deficit is likely to further increase to 2.8 percent of the country’s gross domestic product (GDP), much higher than the government’s target, as tax reforms would result in lower revenue collection, according to local economists.
HCM City sets development goals for 2020 Business

HCM City sets development goals for 2020

This year, Ho Chi Minh City will continue to restructure the economy, improve competitiveness and labour productivity, and meet the city’s State budget target as set by the Government.
Indonesia’s budget deficit rises in 11 months World

Indonesia’s budget deficit rises in 11 months

Indonesia’s budget deficit neared 26.28 billion USD during January - November, or 2.29 percent of the gross domestic product (GDP), compared to 1.8 percent of the GDP during the same period last year.
Thailand considers e-commerce taxation ASEAN

Thailand considers e-commerce taxation

The Revenue Department (RD) of Thailand is considering ways to improve and increase revenue collection from businesses operating in electronic commerce (e-commerce).
Deputy PM wants balanced State budget Business

Deputy PM wants balanced State budget

Deputy Prime Minister Vuong Dinh Hue has asked the finance sector to adopt drastic measures to ensure a balanced State budget and to meet State budget collection targets set by the National Assembly.