Despite the current growth rate of overseas remittances to Vietnam being lower than last year, the total amount of remittances to the country is projected to rise by 4.4% this year before increasing by between 3.6% and 4.5% in 2023. The latest World Bank (WB) Migration and Development Brief and a report by the Global Knowledge […]
Read MoreThe General Department of Taxation (GDT) on Thursday last week released a set of guidelines for owners of legally registered qualified investment projects (QIPs) and non-QIP businesses to follow in fulfilling their obligations of paying taxes before they distribute dividends based on the tax and investment laws of Cambodia. The guidelines are divided into two […]
Read MoreThe Tourism and Sports Ministry is proposing only one pilot area, Bangla Walking Street in Phuket, to extend operating hours of nighttime entertainment venues until 4am after previous proposals were rejected by the Public Health Ministry. The proposal was cut to one area from multiple locations, with the ministry hoping the cabinet will consider this issue […]
Read MoreINDONESIA’S central bank raised its policy rates by 50 basis points (bps) on Thursday (Oct 20), as expected, as it sought to curb rising inflation, while trying to slow capital outflows that have weighed on the rupiah. Bank Indonesia (BI) hiked the benchmark seven-day reverse repurchase rate to 4.75 per cent, in line with the […]
Read MoreDomestic car sales in Thailand rose 15.64% in September from a year earlier to 74,150 units, helped by an economic recovery and new car models, the Federation of Thai Industries (FTI) said on Thursday. That compared with August’s 61.72% year-on-year jump. In the January to September period, car sales increased 19.13% from a year earlier. Car […]
Read More(Bloomberg) — Indonesia’s central bank is expected to deliver another half-point increase in the policy rate to stem the rupiah’s slide and check price pressures. Bank Indonesia will raise its 7-day reverse repurchase rate by 50 basis points to 4.75%, according to 19 of 31 economists surveyed by Bloomberg as of Wednesday. Eleven forecast the […]
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