KUALA LUMPUR: The ringgit opened slightly lower against the US dollar today as the greenback strengthened slightly due to final talks on the proposed US$900 billion COVID-19 aid bill by White House officials and congress leaders. At 9.03am, the ringgit was quoted at 4.0350/0400 versus the greenback, compared with 4.0320/0370 yesterday. An analyst said that […]
Read MoreThis week the IP Key South-East Asia (SEA) project, funded by the European Union (EU), launched the second phase of the “Your Health Is Priceless” campaign to promote consumer awareness and avoidance of counterfeit cosmetics and personal care products, including beauty goods such as skincare and face injections. The cosmetic sector in Cambodia is projected […]
Read MoreThe Thailand Industrial Sentiment Index (TISI) has grown for the seventh consecutive month to 87.4 points in November from 86 points in October, proving that confidence in the manufacturing sector is improving, Supant Mongkolsuthree, chairman of the Federation of Thai Industries (FTI), said. This confidence has been evidenced by an increase in orders, sales and […]
Read MoreThe Monetary Policy Committee left its key interest rate unchanged at a record low on Wednesday, as expected, as the economy showed signs of recovering from the fallout of the coronavirus pandemic. All seven MPC members of the Bank of Thailand voted unamiously to keep the one-day repurchase rate steady at 0.5% for a fourth […]
Read MoreMANILA, Philippines — Housing regulators backed appeals from homebuilders to postpone levying taxes in low-cost houses next year while the pandemic rages on, a levy that could end up getting passed to buyers through expensive prices that the poor may not afford. “This will surely have a significant impact on the sales of real properties intended for low-income buyers,” Housing […]
Read MoreSetting a cap on loan interest deductability is a tool to prevent foreign invested enterprises (FIEs) from conducting transfer pricing. However, the application of the regulation on Vietnamese enterprises as well has stirred controvesy. On November 5, 2020, the government issued Decree 132 on guiding tax administration for enterprises engaging in related party transactions. Replacing […]
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