MANILA, Philippines — Remittances from overseas Filipino workers (OFWs) may expand by five percent this year, higher than the projected 3.5-percent growth last year, helping trim the country’s widening current account deficit, according to Fitch Solutions. In a report, the research arm of the Fitch Group said OFW remittances are expected to remain resilient this […]
Read MoreThe Royal Government of Cambodia collected $1.5 billion in value added tax (VAT) for goods and services in the first eleven months of 2022. According to a report by the Ministry of Economy and Finance (MEF), the revenue collected comes to over 92 percent of the 2022 annual plan. June was the most rewarding month […]
Read MoreThe Industry and Finance ministries are using a new corporate income tax reduction programme to encourage businesses to use more biodegradable plastic products, in a move to reduce waste. “The tax reduction amounts to around 25% of what companies paid to buy biodegradable plastic products between 2022 and 2024,” said Industry Minister Suriya Jungrungreangkit. “This measure […]
Read MoreMANILA, Philippines — Business group Philippine Chamber of Commerce and Industry (PCCI) has a cautiously optimistic outlook for the country’s economy this year, with high food prices as an issue of concern. “Our economy will sustain a healthy pace in the first half of the new year. Although there may still be interest hikes mirroring […]
Read MoreThe government plans to mobilise 41.15 trillion kip to address the projected fiscal deficit and repay domestic and overseas loans by the end of 2023, according to a senior official. Of the total figure, 36.1 trillion kip will be required to pay back domestic and overseas loans, the Minister of Finance, Mr Bounchom Ubonpaseuth, told […]
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