The Cambodian government has revised its target for year-on-year fiscal revenue growth to 0.3 percent of gross domestic product (GDP), down from the planned 0.5 percent increases as outlined in the original Revenue Mobilisation Strategy 2019-2023. The revised figure means the government’s fiscal revenue target will be 18 percent of GDP for the 2021 tax […]
Read MoreSHARES Indonesia expects to sign the Regional Comprehensive Economic Partnership (RCEP) in mid-November as the countries concerned finish negotiating the trade issues. The government is looking to sign the deal on Nov. 14, said Netty Muharni, the deputy assistant for regional and subregional economic cooperation at the Office of the Coordinating Economic Affairs Minister. Indonesian […]
Read MorePETALING JAYA: The Malaysian Institute of Economic Research (MIER) has revised downwards its worst case scenario for the country’s gross domestic product (GDP) growth this year, to minus 5.5% in real terms relative to 2019. This is lower than the projected worst case scenario that was anticipated in April. Then, it forecast the GDP to […]
Read MoreMANILA, Philippines — The country’s overall balance of payments (BOP) position posted a surplus of $2.1 billion in September, bringing the year-to-date surplus position to $6.88 billion, the Bangko Sentral ng Pilipinas (BSP) reported yesterday. The latest figure reflected mainly the inflows from the BSP’s foreign exchange operations and income from its investments abroad, and […]
Read MoreMORE than 2,100 openings are available in the logistics industry as at end-September, of which over 60 per cent are jobs, based on figures from Singapore’s Ministry of Manpower’s (MOM) latest weekly jobs situation report released on Tuesday. Of these jobs, the majority (64 per cent) are in non-PMET (professional, manager, executive and technician) roles […]
Read MoreE-commerce titans Lazada and Shopee, which have splurged on spending, racking up some 20 billion baht in losses the past five years, are unsettling local distributors, dealers and modern trade operators that are losing revenue to these e-marketplace giants, says a pundit. Pawoot Pongvitayapanu, founder of local e-commerce platform Tarad.com, said it is imperative for […]
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Thailand
