The Ministry of Economy and Finance’s General Department of Customs and Excise of Cambodia (GDCE) has waived the payment of customs broker licence fees for 2021-2022 as the Kingdom’s transport and logistics sectors reel from the sweeping effects of the ever-deepening Covid-19 pandemic. A letter signed by GDCE director-general Kun Nhem on July 9 noted […]
Read MoreMANILA, Philippines — The net inflow of foreign direct investments (FDIs) more than doubled to $679 million in April from $317 million a year ago on the back of positive investor sentiment on the country’s macroeconomic fundamentals and strong growth prospects, according to the Bangko Sentral ng Pilipinas. BSP Governor Benjamin Diokno said the 114 […]
Read MoreState-run Electricity Generating Authority of Thailand (Egat) estimates electricity output and imports this year to rise by 1.68% to 195.16 billion kilowatt hour (KWH), from 191.93 billion KWH last year, due to a extended hot season and positive socio-economic factors. Egat governor, Boonyanit Wongrukmit, said the increase is based on assumptions that power demand will […]
Read MorePhuket is set to welcome 129,000 international tourists in the first three months of the quarantine-free programme, while the government will team up with airlines to subsidise 100,000 one-way domestic air tickets, says the Tourism Authority of Thailand (TAT). TAT governor Yuthasak Supasorn said the reopening initiative — Phuket Sandbox — is expected to attract […]
Read MoreMyanmar’s banking system has nearly collapsed following the Feb. 1 military coup, with the country’s Central Bank and private banks seeing fewer deposits made and more money being taken out in withdrawals, RFA reported. The Central Bank has also had trouble disbursing enough funds to private banks to cover amounts being withdrawn for account-holders’ daily […]
Read MoreWith up to 20 percent of all Cambodian loans having been restructured in the wake of the pandemic, insiders emphasise that the fallout from leaving them untouched would have been substantially worse. The Credit Bureau of Cambodia (CBC) this week announced that debt past its due date by more than 30 days (DPD+30) had grown […]
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Thailand
