Apple and Google are once again under fire over tax avoidance in Vietnam, with none of their revenues from their app markets being retained in the country. However, a new law could soon enable local authorities to take their cut. Local users have been paying sizable amounts of money to acquire and use applications offered […]
Read MoreIndonesia’s headline inflation moderated for the third straight month, led by further easing in food inflation, while core inflation also edged down. The combination of benign price pressures, weak growth and easing downward pressure on the IDR suggests a rate cut by Bank Indonesia this month is on the cards said ANZ Research in a […]
Read MoreMANILA, Philippines — The executive branch yesterday stood its ground that the economic stimulus packages proposed by Congress – including the P1.3-trillion ARISE Philippines bill – cannot be funded in the absence of new revenue sources. The House of Representatives passed on third reading last month the Accelerated Recovery and Investments Stimulus for the Economy […]
Read MoreCambodia exported 97,175 tonnes of rubber to foreign markets in the first five months of this year, an increase by 17 percent compared to the same period last year. A report from the General Directorate of Rubber at the Ministry of Agriculture, Forestry, and Fisheries, showed that rubber were yielded from 250,107 hectares out of […]
Read MoreThailand will take until September to study whether to join a trans-Pacific free trade agreement, potentially missing a window for entry this year amid widespread concern that joining the pact may harm its farm and healthcare sectors. The Commerce ministry has said joining the 11-member Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) would boost […]
Read MoreA new wave of foreign direct investment driven by global uncertainty such as the US-China trade war and the COVID-19 pandemic is imminent in Vietnam, and it will have a much bigger impact on the economy than previous FDI inflows, according to investment fund VinaCapital. Don Lam, the fund’s co-founder and CEO, said FDI inflows […]
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