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Malaysia imposes new entry policies

Bruneians entering Malaysia from June 1 have to pay for the mandatory 14-day hotel quarantine. Non-Malaysians entering the country, including permanent resident pass holders, will have to foot the full cost of hotel accommodation when they are quarantined upon arrival. Malaysians have to pay half of the accommodation with the government subsidising the other half. […]

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Philippines: Inflation likely picked up in May

MANILA, Philippines — Economists expect a slight uptick in May inflation which may prompt the Bangko Sentral ng Pilipinas (BSP) to hold off additional interest rate cuts within the second quarter. Ruben Carlo Asuncion, chief economist at Union Bank of the Philippines, said inflation may settle at 2.4 percent in May from 2.2 percent in […]

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Thailand: Don’t sleep on tax savings

Against the backdrop of the coronavirus crisis, income uncertainty has become heightened and some individual taxpayers may be tempted to put income tax planning on the back burner. One should not put off tax-saving moves till the end of the year, however, as deferring tax planning could lead to either falling short of the amount […]

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Cambodia: Local vendors shun small US currency

Reports of local vendors refusing to accept small US currency banknotes has continued over the weekend, despite repeated calls from both the Kingdom’s central bank and Prime Minister Hun Sen that all US currency banknotes will still be considered “legal tender”. The confusion started Friday last week after the National Bank of Cambodia’s (NBC) director, […]

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Vietnam’s consumer prices declines 0.03% m/m in May

The Hanoitimes – The consumer prices, however, increased 4.39% year-on-year in the January- May period, the highest five-month growth rate over the last three years. Vietnam’s consumer price index (CPI), the main gauge of inflation, in May saw a slight decline of 0.03% against the previous month, according to the General Statistics Office (GSO).  The rate […]

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