Despite the mass exodus of expats and foreigners causing a blip in Cambodia’s otherwise strong rental sector, realty businesses are forecasting a positive bounce back in 2021. Sales manager at Asian Condo Brokers, Leigh Ratcliffe, says Cambodia as a whole is still a popular place for foreign investment despite the pandemic. “Phnom Penh especially appeals […]
Read MoreTOKYO: Exports from the six largest Southeast Asian economies fell by 2.2% in 2020 from a year earlier to a combined $1.35 trillion, a relatively small decline given the impact of the coronavirus pandemic, according to data from the Japan External Trade Organization (Jetro). Of the six, only Vietnam posted an increase in exports for […]
Read MoreHotel operators want the Centre for Covid-19 Situation Administration (CCSA) to lift the ban on drinking alcohol at hotels so they can compensate for weaker occupancy rates with F&B revenue. Poor tourism sentiment has led to fewer bookings, generating less revenue for hotels. But some properties have outlets serving outside guests and have survived by […]
Read MoreKUALA LUMPUR (AFP) – Malaysia’s economy last year contracted at its fastest pace in more than two decades, as the coronavirus shuttered businesses and hammered the country’s key exports, data showed yesterday. Full-year gross domestic product shrank 5.6 per cent, the statistics department said, marking the worst performance since a 7.4-per cent drop in 1998 […]
Read MoreMANILA, Philippines — Electronic money transactions processed by fintech companies led by PayMaya and GCash more than tripled as the shift to digital payments from the traditional mode of cash transactions accelerated amid the global health pandemic, according to the Bangko Sentral ng Pilipinas (BSP). Melchor Plabasan, director of the Technology Risk and Innovation Supervision […]
Read MoreStarting on Sept 1, overseas businesses providing online services in Thailand will be required to register for the 7% value-added tax (VAT) liability if their annual income exceeds 1.8 million baht, according to a Revenue Department official. The e-service tax has been approved by parliament and published in the Royal Gazette. E-service businesses liable for the […]
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