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Cambodia: New sub-decree aims to manage non-tax revenue collection

The government yesterday released sub-decree No 72 to enhance efficiency and transparency in the management of non-tax revenue. The new regulation sets the mechanism to be followed when collecting, recording and monitoring non-tax revenue, including income collected from ministries, public institutions, province-level administration and state enterprises. Non-tax revenue includes income derived from state properties, state […]

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Singapore’s May exports surge past expectations

SINGAPORE: Singapore’s exports grew at their fastest pace in seven months in May, boosted by an extended surge in pharmaceutical shipments, though a heated Sino-US trade dispute is clouding the outlook for the trade-dependent city state. Non-oil domestic exports rose 15.5% year-on-year last month, data from trade agency International Enterprise Singapore showed yesterday, accelerating from […]

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Malaysia’s economy more diversified than thought

PETALING JAYA: Malaysia’s economy is much more diversified today contrary to the common view that that the country is reliant on commodities, said Standard Chartered Global Research. “For example, while commodities make up about 20% of total exports, electronics constitute an even larger portion: 37% in 2017. “Even when oil prices were at their peak […]

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Thailand: FTI calls for policy rate hike rethink

The Federation of Thai Industries (FTI) is calling for the Bank of Thailand’s Monetary Policy Committee (MPC) to re-evaluate hiking the policy interest rate, fearing harm to the private sector.  The FTI is worried about the effects of the US Federal Reserve’s decision last week to increase its interest rate for the seventh time since […]

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Thailand: Exporters improve usage of FTAs from January to April

Thai exporters have made better use of free trade agreements (FTAs), as indicated by Thailand’s higher shipments to 17 trading partners under effective FTAs in the first four months the year.  Adul Chotinisakorn, director-general of the Foreign Trade Department, said overall utilisation of FTAs increased by 20.3% year-on-year in the first four months to US$21.7 billion […]

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Thailand: Apisak backs rate leeway

The Bank of Thailand’s rate-setting panel does not need to follow in the footsteps of the US Federal Reserve by raising its policy rate, while the exodus of foreign investors is not worrisome, says Finance Minister Apisak Tantivorawong.  Thailand has high foreign reserves and can cushion the impact of persistent capital outflows, he said.  The slightly […]

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