MANILA, Philippines — The Asian Development Bank (ADB) will lend $4.3 billion annually over the next three years to the Philippines to support infrastructure, climate change and agriculture projects. “We are discussing with the government our new country strategy and are looking at three core strategic pillars that are aligned to President Marcos’ eight-point socioeconomic […]
Read MoreVisa, the global provider of digital payments, has implemented a series of new payment security measures in Thailand to help fight cybercrime, protect the payments ecosystem, and keep consumers and businesses safe. The new security measures are part of Visa’s updated “Security Roadmap for Thailand”, which is designed to provide enhanced protection for transactions made online and […]
Read More“We are proud that Vinachem’s records in 2021 were broken after 9 months, so business results for 2022 will be much higher,” Nguyen Phu Cuong, Vinachem chairman, said. After several consecutive years of taking losses, Vinachem, for the first time in its 50-year history, obtained revenue of roughly VND50 trillion and VND4 trillion profit in […]
Read MoreUnemployment declined thanks to increased economic activity and a rebound in tourism. However, household debt increased, albeit at a slower pace, while total loan quality improved. The National Economic and Social Development Council (NESDC) reported on Wednesday unemployment in the third quarter tallied 491,400, representing 1.23% of the total workforce, declining from 546,600 or 1.37% of […]
Read MoreJakarta. Indonesia recorded a surplus of $5.16 billion in its international trade in November to extend a run of surpluses to the 31st consecutive month, the Central Statistics Agency, or BPS, announced on Thursday. The latest monthly figure brings the overall international trade surplus to top $50 billion year to date. The country’s exports amounted to […]
Read MoreThe General Department of Taxation earned e-commerce value-added tax (VAT) income of $37 million from the operation of electronic goods and services till November this year. The government started implementing the e-commerce VAT from April this year. The update was shared in a monthly meeting yesterday under the presence of Director-General Kong Vibol. “From May […]
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