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Thailand: June exports defy baht, jump 11.7%

Exports in June surged 11.7% year-on-year despite the firmer baht, supported by strong orders from traditional markets and boosting the government’s confidence of meeting the full-year target of 5% growth in export value. The double-digit growth in June after a 13.2% leap in May signals a brighter outlook for the second half, the Commerce Ministry said, […]

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Philippines, Indonesia stocks hit more than 1-wk lows

MANILA — Most Southeast Asian stocks fell on Friday, in line with Asian markets, after the European Central Bank and the Bank of Japan kept rates steady and signalled that they were in no hurry to start unwinding their massive stimulus programmes. Asian markets edged down, with MSCI’s broadest index of Asia-Pacific shares outside Japan, […]

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Cambodia: Government clarifies exemptions for minimum tax

Nearly a year after the government announced that it would consider scrapping the controversial and burdensome 1 percent minimum tax obligation that is paid on monthly revenue flows, the Ministry of Economy and Finance has provided guidelines on how taxpayers who satisfy its accounting guidelines can obtain an exemption. According to a prakas signed by the finance minister on […]

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