MANILA, Philippines — The Philippines recorded a balance of payments (BOP) deficit of $1.57 billion in June, five times the $312 million shortfall recorded in the same month last year, according to the Bangko Sentral ng Pilipinas (BSP). The deficit last month was two percent lower than the $1.61 billion shortfall recorded in May. “The […]
Read MoreThe cost of logistics in Cambodia is partially to blame for being a drag on the country’s ability to compete with neighboring supply chains, a World Bank Group report found. A June economic update on Cambodia, released this month by the World Bank, aimed to look at the country’s goods movement systems as it bounces […]
Read MorePROPERTY players are more cautious about market outlook in the next 6 months to a year ahead in anticipation of various global economic uncertainties, according to a survey by the National University of Singapore’s Institute of Real Estate and Urban Studies (IREUS). Nearly 97 per cent of its respondents flagged rising inflation or interest rates as […]
Read MoreExporters of wood products need to have sustainable timber sources and use advanced technologies to reduce labour, a trade show heard in HCM City. Exporters of wood products need to have sustainable timber sources and use advanced technologies to reduce labour, a trade show heard in HCM City. Speaking on Tuesday at the opening of […]
Read MoreTHE Asean+3 Macroeconomic Research Office (AMRO) sees Philippine gross domestic product (GDP) reaching 6.9 percent for 2022 and 6.5 percent for 2023. Speaking at the 2021 AMRO’s Annual Consultation Report on the Philippines webinar, AMRO chief economist Hoe Ee Khor said that economic recovery in the Philippines remained on track despite recurrent waves of Covid-19 infections. Asean is the Association of Southeast […]
Read MoreCambodia collected $3.26 billion from all sources of taxes in the first half of 2022, up 22 percent from 2.67 billion dollars over the same period last year. The Southeast Asian country has two institutions responsible for collecting taxes. One is the General Department of Taxation (GDT), which focuses on interior taxes such as income […]
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Thailand
