In response to allegations that the private sector in Cambodia is being unfairly treated on backdated taxes, the General Department of Taxation said yesterday it might show some leniency on the issue. Speaking to reporters on the sidelines of the fourth edition of the Tax Forum, held yesterday at The Grand Duke in Phnom Penh, […]
Read MoreSINGAPORE’S manufacturing output took a surprise fall in September, shrinking 0.2 per cent year on year in the first contraction since December 2017, based on preliminary estimates from the Economic Development Board on Friday. But excluding the volatile biomedical manufacturing sector, output grew 1.9 per cent. Coming after three straight months of slowing growth, September’s decrease […]
Read MoreThe Hanoitimes – The digital economy is creating opportunities for Vietnamese firms, which apply technology in their operations, to attract big inflows from venture investments funds, experts said. According to investment fund VinaCapital, the inflows are growing rapidly at a ‘dizzying’ rate and the trend is forecast to continue at least in the next few years. […]
Read MoreMANILA, Philippines — The Bangko Sentral ng Pilipinas (BSP) and the Bank of China are set to formally ratify next week the establishment of a system that will allow local banks to directly exchange renminbi (RMB) to peso and vice-versa at better rates. Bank of China and BSP are scheduled to sign on Oct.30 the […]
Read MoreTHE Department of Industrial Works (DIW) is easing conditions for manufacturers by moving to abolish the extension of factory licences on an annual basis. Instead, the department plans to have factories adopt a self-declare approach under a reform expected to start late this year or early next year. Industry Minister Uttama Savanayana said that the […]
Read MoreThe US-China trade war has had a limited impact on the Singapore economy so far, but the negative spillovers could become more pronounced in the latter half of 2018 and next year, the Monetary Authority of Singapore (MAS) said in its half-yearly macroeconomic review on Friday. This could result in a drag to growth in […]
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Thailand
