The price of fragrant rice exports to international markets has doubled in the last month, from $50 to $100 per matrix ton, according to the Cambodia Rice Federation (CRF). However, the domestic market trading price for white rice, the most in-demand variety within the country, has remained stable. Explaining the disparity, CRF secretary-general Lun Yeng […]
Read MoreThe Hanoitimes – The economy is subject to a strong rebound of 7% GDP growth in 2021. Vietnam’s GDP growth is forecast to decelerate to a new low of 2.7% in 2020, but would remain ahead of regional peers, according to the International Monetary Fund (IMF)’s latest update in its World Economic Outlook in April. The […]
Read MoreIncreasingly desperate businesses have come up with creative ideas to meet customers’ needs and weather the COVID-19 downturn. Hospitality company Swiss-Belhotel International is offering a service it calls “Isolation Package in Indonesia”, where the hotel offers Wi-Fi, laundry and room service for those wanting to self-isolate during the pandemic. The rooms are being offered at […]
Read MoreMANILA, Philippines — The deadline for income tax payments was extended anew until the end of May, while reporting for other levies was also pushed back as part of government reprieve to taxpayers amid the coronavirus disease-2019 (COVID-19) outbreak. The new rules, laid out under Revenue Regulations 10-2020, will benefit taxpayers and businesses whose movements […]
Read MoreDespite the reduction of electricity tariffs for factory workers suspended due to the COVID-19 pandemic, the Electricity Authority of Cambodia (EAC), the autonomous government agency responsible for managing and administering electric power in the country, has said that “a general plan for electricity bill reduction has yet to be raised.” Yim Piseth, the chairman of […]
Read MoreS&P Global Ratings has revised its outlook on Thailand to stable from positive on Covid-19 uncertainty, with a possible downgrade given heightening political uncertainty and persistent sluggish economic recovery. The firm, however, affirms the country’s BBB+ long-term and A-2 short-term foreign currency sovereign credit ratings. “We are revising our outlook on Thailand to stable from […]
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