The Ministry of Commerce official in charge of the Kingdom’s new trade remedy law said that no complaints had been filed by Cambodian businesses since the anti-dumping measure was put in place nearly one year ago. Tan Yuvaroath, the ministry’s deputy director of trade promotion, told reporters at a seminar in Phnom Penh that lack […]
Read MoreMANILA, Philippines — The Philippines is expected to lose billions of pesos in quality investments if the government decides to push through with its plan to slap royalty on all mining operations, the country’s biggest mining group said. Imposing a five percent royalty on all mining companies, regardless whether they operate within mineral reservation areas or not, will push away international […]
Read MorePETALING JAYA: The rubber industry is expected to become the number one commodity contributor to the the country’s economy as palm oil is facing difficulties in the international market, said Primary Industries Minister Teresa Kok Suh Sim. She said in terms of commodity export earnings, rubber and rubber products were currently the second largest contributor […]
Read MoreMANILA, Philippines — The peso slightly recovered yesterday, closing at 54.07 to $1, up four centavos from Monday’s 54.11 to $1. The currency opened slightly weaker at 54.15 compared to the previous day’s level of 54.1 to $1 and reached an intra-day high of 54.06 to $1. Total volume reached $766.45 million, lower than the […]
Read MoreThe cabinet has approved a value-added tax (VAT) payback plan for welfare recipients. The scheme is intended to create more disposable income for low-income earners while strengthening their purchasing power. The six-month scheme, capped at 500 baht a month, will start in November next year. Based on the current 7% VAT rate, welfare smart card […]
Read MoreMANILA, Philippines — The Department of Finance (DOF) yesterday expressed confidence that the Philippine economy can overcome “temporary adversities,” such as high inflation and a widening current account deficit. While recognizing that the country is indeed facing some headwinds, Finance Secretary Carlos Dominguez said the local business community should also take a look at the […]
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Thailand
