The Ministry of Economy and Finance (MEF) recently decided to shrink the tax burden for local microfinance institutions (MFIs) by lowering withholding tax on interest from loans acquired from abroad from 14 to 10 percent, a move that the government claims will keep the massive sector sustainable. This is the first inducement the government has […]
Read MoreDespite the contentious rollout of Facebook’s Explore feed that shifts public posts away from private newsfeeds and into a hard-to-find channel, online shopping through social media has thrived in Cambodia with business owners live streaming an array of products to prove authenticity and boost sales. According to Tol Rany, owner of Rany Beauty, marketing cosmetic products such […]
Read MoreConstruction of the China-Laos railway, one of the key cooperation projects between the two sides, is underway and the line will go into operation by the end of December 2021. The 414-kilometer railway will link Boten, the northern Lao town bordering southwest China’s Yunnan Province, and Vientiane, capital of Laos. According to plan, the China-Laos […]
Read MoreBANK Islam Brunei Darussalam (BIBD) yesterday held a financial planning talk to 40 first year students at Religious Teachers University of Seri Begawan (KUPUSB) as part of BIBD’s ongoing efforts to raise the awareness and benefits of better financial management and at the same time underscoring the importance of elevating the awareness of financial literacy […]
Read MoreMANILA, Philippines — The European Union (EU) is eyeing a strategic partnership with the Association of Southeast Asian Nations (ASEAN) on trade and security as it promised to enhance its ties with the regional bloc based on human rights and rule of law. European Council president Donald Tusk said ASEAN, like the EU, is vital […]
Read MoreThe price of rubber has fallen below its cost of production in major exporting countries. Yet, international demand for rubber produced in Myanmar has risen and insiders reckon things could remain upbeat for a while more. “Myanmar rubber production will certainly increase on the back of rising international consumption and demand,” U Myo Thant, vice-chair […]
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Thailand
