THE Finance Ministry will soon impose a 7 per cent value-added tax (VAT) on foreign e-commerce transactions in an effort to ensure fair competition between international and local businesses, said the director general of the Revenue Department, Prasong Poonthanet. The department also signalled that it would order a block on the websites of any of […]
Read MoreInvestment in Cambodia nearly doubled to $6.3 billion last year, up from $3.6 billion in 2016, an official at The Council for the Development of Cambodia (CDC) said today. The remarks came at a Cambodia-China Business Forum in Phnom Penh, organised by the UN’s Industrial Development Organization, which brought more than 50 Chinese business delegates […]
Read MoreAn airline, insurance company, postal service, cinema group, and department store are pioneering QR code payment online via credit cards thanks to 2C2P’s Thailand gateway for mobile apps. Piyachart Ratanaprasartporn, chief executive of 2C2P Thailand, a Southeast Asia payment service provider, said 2C2P has been testing QR code payment via credit card with its corporate […]
Read MoreYangon Mayor U Maung Maung Soe said the government did not suspend any additional construction projects involving high-rise buildings on March 6. He made the comments in the regional legislature. MP U Hla Thein from Tamwe township asked if the government has plans to greenlight the construction projects. “Suspending construction projects which have already started can […]
Read MoreMANILA, Philippines — Manufacturers of canned goods are expected to jack up prices of their products in the coming months in line with the rising prices of tinplates and foreign exchange movement. “There is an indication to increase prices of canned products. There is a request submitted to us, anywhere from P1 to P2 per […]
Read MoreTEMPO.CO, Jakarta – Bank Indonesia should take the necessary measures to stabilize the rupiah against the US dollar, Coordinating Minister for Economic Affairs Darmin Nasution remarked. He said Indonesian currency rupiah weakened against the US dollar as market players were responding to economic developments in the United States. The rupiah may encounter serious pressures in the year […]
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