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Cambodia: High oil tax ‘a burden’ on development

The high-rate of special tax of 10-25 percent on oil for production is one of the burdens facing the advancement of manufacturing industries in Cambodia that have a target to increase added-value by using machinery in the production chain, according to the Japanese Business Association of Cambodia (JBAC). JBAC said the total taxable amount of […]

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Philippines: Remittances down 2.4% in 7 months

MANILA, Philippines — Remittances from overseas Filipino workers (OFWs) declined by 2.4 percent to $16.08 billion from January to July compared to $18.66 billion in the same period last year, according to the Bangko Sentral ng Pilipinas (BSP). “The lower actual decline (of 2.4 percent) is a huge departure from many pessimistic forecasts that remittances […]

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Thailand: YouTube views surge 20%

Time spent watching YouTube in Thailand surged more than 20% in the first six months compared with the same period last year, with a considerable rise in time spent watching comedy videos, says YouTube Thailand. According to the giant video platform, owned by US tech titan Google, more than 450 YouTube channels in Thailand now […]

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