Talk to your tax department, respond quickly and be patient. That’s the advice from two leading tax advisers for companies submitting tax returns in Cambodia and preparing information before a visit from the auditor. KPMG Cambodia Tax Associate Director Mom Rinsey Tola and Clint O’Donnell, who co-manages DFDL Cambodia’s tax team, spoke with members of […]
Read MoreThe draft power development plan (PDP) VIII estimates about US$128.3 billion will be needed over the next decade, in order to achieve the natural gas and renewables targets. The main drive behind stronger gasification in Vietnam will come from the State, as Vietnam’s latest state PDP VIII (2021-2030), published in February 2021, sets higher targets […]
Read MoreMANILA, Philippines — The country’s economic managers further slashed the growth outlook for this year following the reimposition of stricter mobility restrictions in various parts of the country. The Cabinet-level Development Budget Coordination Committee (DBCC) said yesterday its gross domestic product (GDP) growth target of six to seven percent has been compromised by the heightened […]
Read MoreThe baht opened at 33.32 to the US dollar on Thursday, weakening from Wednesday’s closing rate of 33.30. The Thai currency is likely to move between 33.25 and 33.40 during the day, Krungthai Bank market strategist Poon Panichpibool said. The baht could be volatile as exporters continue to sell the dollar while investors short-sell the […]
Read MoreHanoi is considered a potential destination for microchip development as it is home to many research institutes and universities providing highly qualified and abundant human resources. Vietnam’s semiconductor sector, despite the impact of Covid-19, is forecast to lure foreign investment thanks to its potential growth in the next five years, overseas insiders have said. At […]
Read MoreMANILA, Philippines — Debt watcher S&P Global Ratings downgraded its growth outlook on the Philippines, as new lockdowns and the highly contagious Delta variant bring a new threat to the economy. In a statement Thursday morning, S&P said it now expects gross domestic product to grow 4.3% this year, softer than its previous projection of […]
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