During 2020, the Federal Tax Authority has maintained ever-increasing performance rates and has continued to implement its development projects across all areas of its work in accordance with its ... ( read original story ...)
Ministry ‘bullish’ on prospects of recovery
The Kingdom’s real economic growth is expected to recover by 4 percent in 2021 following a contraction of 3.1 percent in 2020, according to a report from the Ministry of Economy and Finance (MEF). The ... ( read original story ...)
Malaysia based P2P Supply Chain Financing Platform, CapBay, Secures $20M with KK Fund as Returning Investor
Other Malaysia-based investors in CapBay’s round include several angel investors with experience in finance, tech, and early-stage or startup ventures. CapBay stated that the funds raised would be ... ( read original story ...)
Prudential, Yoma Bank cleared to offer bancassurance in Myanmar
Prudential Myanmar Life Insurance and Yoma Bank announced an exclusive partnership for Bancassurance services on January 27 after receiving regulatory approval from the Myanmar government. ( read original story ...)
Thai megabanks post lowest net profit in 10 years due to pandemic
Thailand's megabanks reported less profits and more nonperforming loans in 2020, as the pandemic slowed Southeast Asia's second-largest economy and pushed domestic businesses into a corner. By ... ( read original story ...)
Vietnam well-placed to snap up laptop supply chain shifts
As global laptop manufacturers are shifting production out of China, Southeast Asian countries like Vietnam are repositioning to benefit, although some hurdles will have to be addressed for Vietnam to ... ( read original story ...)
Techcombank delivers strong 2020 financial results
Techcombank ended 2020 with rosy performance across the board, with pre-tax profit jumping 21.5 per cent against the full-year target and total operating income soaring 28.4 per cent despite the ... ( read original story ...)
Philippines Approves AstraZeneca Vaccine for Emergency Use
The Philippines has cleared AstraZeneca Plc’s coronavirus shots for emergency use, paving the way for the expected rollout of these vaccines next quarter. ( read original story ...)
Japan’s Showa Denko to sell aluminium business to Apollo
Japan's Showa Denko KK 4004.T said on Thursday it would sell its aluminium business to U.S. investment fund Apollo Global Management APO.Nas the materials maker steps up efforts to divest assets. ( read original story ...)
Intel channels additional $475 million into Vietnam
Intel had poured an additional 475 million USD into Intel Products Vietnam (IPV), its single-largest assembly and test plant within the Intel Assembly and Test (ATM) network, IPV Director of Finance ... ( read original story ...)