Investments by overseas companies registered under the Foreign Business Act (FBA) rose by 73.5% year-on-year in the first six months of 2022, led by Japan, Singapore and the US, driven by the government’s investment promotion policy. Deputy Commerce Minister Sinit Lertkrai said the Foreign Business Committee permitted 284 investment applications by overseas companies in the […]
Read MoreMANILA, Philippines — President Ferdinand Marcos Jr. on Monday expressed his administration’s preference for better tax management and “spending efficiency” rather than imposing several new taxes to fix the government’s pandemic-battered balance sheet, a plan that could translate to a slow recovery in revenues and sluggish easing of public debt. In his first State of […]
Read MoreBad weather, floods and rising Covid-19 cases in the Kingdom have stymied the planned recovery of Cambodia’s tourism sector. The country recorded more than 210,000 tourist last weekend. Thong Khon, Minister of Tourism, presented the weekly tourism statistics for July 24-25 and stated that there were 213,590 tourists, consisting of 192,050 nationals and 21,540 foreigners. […]
Read MoreThe State Bank of Vietnam is facing multiple pressures in 2022 in managing the foreign exchange rate The State Bank of Vietnam is facing multiple pressures in 2022 in managing the foreign exchange rate, such as net withdrawal of hundreds of billions of dongs through the treasury bill channels, selling of foreign currency from reserves, […]
Read MoreThailand’s car manufacturing is likely to fall short of a target of 1.8 million units this year due to various factors, notably the protracted global semiconductor shortage, says the Federation of Thai Industries (FTI). Earlier it was expected Thailand would produce 1 million cars for export with the remaining 800,000 units for the domestic market, […]
Read MoreMANILA, Philippines — More Filipinos are keeping their money in banks as total deposits went up by 7.7 percent to P12.8 trillion as of end-March, according to the Bangko Sentral ng Pilipinas (BSP). The central bank said demand deposits inched up by 1.9 percent quarter-on-quarter, while savings deposits slipped by 1.6 percent and time deposits […]
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