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Asia’s currency gain may be about to end

Asian currencies may be on the verge of a correction after completing the best year in at least two decades. The warning sign? Indonesia’s rupiah slumped to a two-year low last week. The rupiah is seen as a bellwether of sorts for Asia given the high foreign ownership of the nation’s bonds. The currency is […]

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Cambodia to be a digital economy by 2023

To increase competitiveness and enrich the lives of its citizens, Cambodia aims to have transitioned into a predominantly digital economy by 2023, according to an official from the Ministry of Posts and Telecommunications. “By 2023, we plan to transform the country into a digital economy in which most citizens will be adept at using digital […]

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Philippines: Feb inflation highest in more than 3 yrs

INFLATION accelerated to an over three-year high in February, the government reported on Tuesday, with higher food, beverage and tobacco prices said to have been the primary drivers. Using 2012 as the new base year, the Philippine Statistics Authority (PSA) said that consumer price growth rose to 3.9 percent last month, up from January’s 3.4 […]

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Thailand: E-business tax primed for scrutiny

A draft bill on e-business tax, a levy on online purchases, advertisements and website rent in Thailand earned by operators with a presence outside the country, will go before the cabinet this month. The draft will require online business operators with a foreign presence to remit value-added tax (VAT) from transactions occurring in Thailand to […]

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