Three garment and footwear factories have received final approval from the Council for the Development of Cambodia (CDC). It issued final registration certificates for the investments, worth a total of more than $8 million. New T&K Textile Co Ltd is building a garment factory in Trapeang Krasang Village near Phnom Penh International Airport. It has […]
Read MoreAs curbs, surging virus cases temper GDP growth MANILA, Philippines — The Bangko Sentral ng Pilipinas (BSP) said more fiscal support and a faster vaccination rollout are crucial as economic recovery remains tentative due to the surging COVID cases. At an economic briefing organized by ANZ Research, BSP Deputy Governor Francisco Dakila Jr. cited the […]
Read MoreIf the National Assembly approves the Government’s proposal, enterprises will benefit from corporate income tax and value-added tax cuts by 30%. Businesses struggling with Covid-19 impacts may be subject to various support in a new rescue package under the form of waiving and reducing tax payments worth VND21,300 ($936 million). The move was revealed during […]
Read MoreJAKARTA: Indonesia has reinstated a temporary luxury-tax break on sales of smaller cars as the concession helped boost demand for vehicles, the Finance Ministry said on Friday. The tax break, which had expired in August, will now be available till the end of the year, the ministry said in a statement. Japanese brands such as […]
Read MoreThailand’s direct sales industry is expected to contract by 1-2% this year as consumer purchasing power remains weak due to the spread of Covid-19. Kittawat Ritteerawee, president of the Thai Direct Selling Association (TDSA), said domestic household debt is the highest in 18 years and economic uncertainty is causing consumers to be cautious with their […]
Read MoreThe Coordinating Minister of Economic Affairs of Indonesia Airlangga Hartarto on September 16 forecast that the country’s economy in 2021 will grow by 3, 7 – 4.5 percent and 5.2 percent in 2022. Jakarta (VNA) – The Coordinating Minister of Economic Affairs of Indonesia Airlangga Hartarto on September 16 forecast that the country’s economy in 2021 will grow […]
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