MANILA, Philippines — Factory gate prices grew slower in April after accelerating in March, the Philippine Statistics Authority (PSA) reported yesterday. Based on PPA data, the Producer Price Index (PPI) for manufacturing rose at a slower pace of 3.8 percent in April from 4.5 percent in March. PSA attributed this to contractions in eight industry […]
Read MoreSiam Commercial Bank (SCB) has expanded trade finance credit lines for small and medium-sized enterprises (SMEs), aiming to reap opportunities from cross-border e-commerce. The bank has increased total trade finance credit lines offered to SME clients by 1 billion baht per month since the start of the year. The strategy to support growing SME loan […]
Read MoreMyanmar manufactures 10 billion cigarettes every year, and the government should increase cigarette tax as the tax revenue is the lowest among the ASEAN countries, Dr. Than Sein, the President of Public Health Foundation told the media after the ceremony to mark the World No Tobacco Day in Taw win Garden Hotel in Yangon on […]
Read MoreBangkok Bank (BBL) expects to finalise its banking agent appointments this year after negotiations with several potential partners, including MAI-listed Forth Smart Service Plc, the operator of Boonterm top-up machines. The bank is considering the business feasibility of potential banking agents, particularly customer demand for transactions via the channel, as well as infrastructure base, security systems and […]
Read MoreThe Office of Agricultural Economics (OAE) has reported that for the first quarter of this year, Thailand had a trade surplus with other Asean countries of 53.24 billion baht ($1.67 billion), an increase of 0.02 per cent. The country’s major agricultural exports are fish, rice, fruit and rubber. Noting the increased competition from Vietnam, the […]
Read MoreThe Royal Government of Cambodia has decided to exempt the 1% withholding tax for all enterprises as an encouragement and incentive for all investors in the country. The decision was announced in a press release of the Ministry of Economy and Finance made public yesterday evening. According to the same source, the announcement followed […]
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