The government’s controversial plan to collect a windfall tax from oil refineries to support the dwindling Oil Fuel Fund may face a one-month delay because of legal complications in charging the new tax, says a source from a refinery company. Six local oil refinery companies are discussing the plan being pushed by energy policymakers to […]
Read MoreCambodia’s economy is expected to grow by 4.5 percent in 2022, according to the latest World Bank projections. Weathering the Oil Price Shock, the Bank’s June 2022 economic update for Cambodia, shows that while domestic economic activity and goods exports continue to recover from the slowdown caused by Covid-19, growth remains uneven, with the war […]
Read MoreA series of new policies will take effect from next month including regional minimum wage increase, issuance of passports with electronic chips, tuition fees for lecturers sent abroad for doctoral training and compusolry e-invoince enforcement. Regional minimum wage increase Decree No. 38/2022/ND-CP, dated June 12, 2022 on regional minimum wage increase will come into effect […]
Read MoreThe Tourism Council of Thailand (TCT) is more optimistic about Chinese travellers returning after the country slashed its quarantine length in half and gave Thai airlines permission to resume two flights to China per week. TCT vice-president Vichit Prakobgosol said even though hopes of a full return of the Chinese tourist market remain limited, with […]
Read MoreHigh Covid-19 vaccination rates and free trade agreements (FTAs), namely the Regional Comprehensive Economic Partnership (RCEP) and the Cambodia-China FTA (CCFTA), have been helping boost Cambodia’s economic recovery, said a World Bank economic update report released on Thursday. Cambodia’s economy will grow by 4.5 percent in 2022 and around 6 percent annually for the medium […]
Read MoreMANILA, Philippines — A change in government yesterday failed to excite the stock market as scorching inflation, a weakening peso, and prospects of bigger rate hikes continue to send jitters to investors. The benchmark Philippine Stock Exchange index (PSEi) ended at 6,155.43, down 147.76 points or 2.34 percent, to stumble further in the red yesterday. […]
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