Parliament yesterday approved the Union Tax Law for 2018 after omitting a tax amnesty clause proposed by the government. The proposal was rejected after five meetings among MPs, government officials and businessmen. Instead, a separate law on tax amnesty will be drafted. The government had originally proposed that resident citizens and non-resident citizens with undisclosed […]
Read MoreThe Phnom Penh Post is currently negotiating a tax bill with Cambodia’s General Department of Taxation (GDT), the newspaper’s CEO said on Tuesday, denying media reports that The Post was on the verge of shutting down, and characterising the negotiations as “routine”. Marcus Holmes, who has been CEO since late 2017, said on Tuesday that the negotiations with […]
Read MoreThe Energy and Mineral Resources Ministry plans to expand the use of biodiesel to 3.5 million kiloliters annually by encouraging the mining sector and state-owned railway operator KAI to use the fuel. “I just reported the plan to use biodiesel for [trains operated] state-owned railway operator PT Kereta Api Indonesia,” the ministry’s new and renewable […]
Read MoreKBZ Bank, Myanmar’s largest privately-owned bank, has secured a partnership with Huawei to create an inclusive digital financial ecosystem. The partnership aims to give Myanmar citizens across the country greater access to finance and improve their quality of life through banking. Mike DeNoma, CEO of KBZ, said it is exciting to create an inclusive digital […]
Read MoreEXPONENTIAL technology will play the leading role in driving Thailand’s economic growth in the next decade due to the advent of 5G telecom, cheap human genome sequencing, solar energy, cellular agriculture, among others, according to private sector executives. Natthaphol Vimolchalao, ambassador of the SingularityU Bangkok Chapter, said at an event to announce Southeast Asia’s first […]
Read MoreJACCS Finance (Cambodia) Plc, a company engaged in the provision of consumer credit services, has officially launched operations in the kingdom. The company is a subsidiary of Japan Consumer Credit Services (JACCS), which is a member of Mitsubishi UFJ Financial Group. “We aim to serve Cambodia’s economic growth and enhance people’s livelihoods through financial services […]
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