The General Department of Taxation on Friday issued a statement reminding Cambodian financial institutions to comply with the reporting requirements of the US’s Foreign Account Tax Compliance Act (FATCA). Cambodia and the US have signed an agreement to enforce FATCA, which mandates that financial institutions holding certain amounts of money in accounts managed by US […]
Read MoreThe Ministry of Industry (MOI) will build and assemble vehicles for special purposes such as mobile marts to help businesses reach the rural population in hard to access locations. “We have plans to produce and assemble three such vehicles,” said U Htun Myint, deputy permanent secretary at the MOI. The so-called mobile marts will bring […]
Read MoreMANILA, Philippines — The Philippines is seen as a better choice for foreign direct investments over faster growing economies in Asia like China and Vietnam, an American diplomat said. China and Vietnam are the only two countries in Asia which outpaced the Philippines’ economic growth of 6.7 percent in 2017, posting expansions of 6.9 and […]
Read MoreBank of Thailand governor Veerathai Santiprabhob played down Finance Minister Apisak Tantivorawong’s recent comment that commercial banks charge too much interest to small- and medium-sized enterprises (SMEs) compared to large corporates, saying SMEs enjoy competitive rates. SMEs are typically charged interest rates based on the minimum lending rate (MLR) plus a risk premium, but banks have […]
Read MoreThe Hanoitimes – Consumer price index (CPI) in March up 0.97% compared to last December, taking the average CPI in first quarter at 2.82% higher than that in 2017. The said growth rate is around the predicted figure and under the control of the government in maintaining the average inflation rate at 4%, assessed the Deputy […]
Read MoreLast year, U Kyaw Win, the planning and finance minister, proclaimed that Myanmar’s economy is like a plane at full throttledown the runway, ready to take off. “Myanmar is like a plane running on the runway in 2016, but it is ready to take off in 2017.We will prevent [tackle] the monopoly which has persisted […]
Read More
Thailand
