Cambodia has been witnessing a five-year decline in its economic freedom, further depressed by score decrease in terms of labour and trade freedom recording a 2.4-point overall loss of economic freedom since 2017 and remains mired in the “Mostly Unfree” category. Despite this, Royal Academy of Cambodia researcher Hong Vannak insisted that the ranking was […]
Read MoreThe government is being urged to pay more serious attention to speeding up the production sector’s restructuring to create new jobs and boost economic growth. Danucha Pichayanan, secretary-general of the National Economic and Social Development Council (NESDC), said the government desperately needs to transform the production sector to more high-technology industry that can draw greater […]
Read MoreCOVID-19 support measures boosted gross domestic product (GDP) in 2021 by 0.8 percentage points and kept resident unemployment 4 percentage points lower than it would have been otherwise in the same year, a paper by the Ministry of Finance (MOF) has found. Singapore’s economy in 2021 grew 7.6 per cent year on year, while annual […]
Read MoreVietnam’s agricultural products are expected to succeed in choosy markets one day with combined efforts of overseas Vietnamese. “I always think about the current status of Vietnamese agricultural products in the international market, unlike Japanese, South Korean, and Israeli items, which are holding sway on supermarket shelves around the world.” Vietnam’s Minister of Agriculture and […]
Read MoreThe Trade Negotiations Department targets concluding the negotiation framework on a free trade agreement (FTA) with the EU this year and wrapping up FTA negotiations with Turkey and Pakistan. The department also aims to finish an information paper on the scope of the proposed FTA with the European Free Trade Association (Efta) next month. Efta comprises […]
Read MoreLaos has lowered its value-added tax (VAT) rate as part of the government’s post-Covid-19 economic recovery efforts. Under new regulations issued in December, the standard VAT rate has been reduced from 10 percent to seven percent, while also providing for more business activities that are exempted from VAT. Minerals and power-related activities will also now […]
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Thailand
