MANILA, Philippines — The current supply of sugar in the domestic market may no longer be enough by June, prompting the government to defend its plan to push through with the importation of the commodity. In a statement, the Sugar Regulatory Administration (SRA) defended its order to bring in 350,000 metric tons of sugar, a […]
Read MoreThe Finance Ministry is standing firm on its plan to impose a financial transaction tax on individual stock investors this year after seeing growth in the local market. Finance Minister Arkhom Termpittayapaisith on Monday insisted the ministry will go ahead with its tax collection plan, saying this year is the right time to execute it. The […]
Read MoreBilateral trade between Cambodia and the US in the first two months of 2022 rose 50.0 per cent year-on-year to $1.781 billion from $1.187 billion, data from the US Census Bureau (USCB) showed on April 11. Cambodia’s exports to the US in January and February totalled $1.7175 billion, up 53 per cent from $1.120 billion […]
Read MoreMANILA, Philippines — The Department of Finance (DOF) has asked local governments to adjust their real estate taxation as they are losing billions in resources because of outdated valuation of properties. Finance Secretary Carlos Dominguez said legislating real property valuation reform would allow local governments to collect the right taxes by updating the schedule of […]
Read MoreSuvarnabhumi airport has added more hotel counters for inbound passengers after reports of chaos in the passenger arrival area. Airport general manager Kittipong Kittikachorn said nine more counters for hotels had been added on the second floor, reserved for incoming air travellers, taking the total to 17. The move followed complaints by airport users on […]
Read MoreThe Bank of Thailand (BoT) will focus monetary policy efforts on shoring up sluggish growth in Southeast Asia’a second-largest economy, its chief said on Monday, even as surging global price pressures force its peers to raise interest rates. The central bank is among a shrinking number globally that continue to see inflationary pressures as transitory, […]
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