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BDO maintains dominance in Philippie banking sector

MANILA, Philippines — BDO Unibank Inc. continues to maintain its dominance of the local banking industry in terms of assets, capitalization, deposits and loans. Latest data from the Bangko Sentral ng Pilipinas (BSP) showed BDO was number one in terms of total assets with P3.48 trillion last year, 7.1 percent higher than the P3.25 trillion […]

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Vietnam: Inflationary pressure grows

The cost of products and services increased by 5-15% in the first quarter of 2022 in Vietnam. Inflationary pressure is increasing. It is forecast that Vietnam’s economic growth in 2022 will not be as The oil price has reached 130 USD/barrel on the global market, while the coal price in early March 2022 doubled, and […]

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Vietnam opens online tax payment portal to prevent huge losses from e-commerce

Cross-border platforms (such as Google, Facebook, Netflix) and foreign suppliers can register and pay taxes online through etaxvn.gdt.gov.vn. The electronic portal for foreign suppliers has officially opened at https://etaxvn.gdt.gov.vn. Through this portal, foreign suppliers engaged in e-commerce can register, declare and pay taxes or look up information and learn about the policy and law about […]

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Thailand: An economic splash of cold water

The Songkran celebrations not only mark the Thai New Year, but also may help determine the economic health of the country this year amid a prolonged global oil price hike and new fears about an Omicron infection surge. The five-day holiday, expected to see tepid spending despite a surge in travel, will be factored in […]

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