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Thailand: Agency keen to alter scrap iron VAT law

The Revenue Department plans to propose to the finance minister revising the value-added tax (VAT) payment law for businesses buying scrap iron for recycling as some firms are issuing fake VAT invoices, says director-general Lavaron Sangsnit. Mr Lavaron said he would propose downstream smelters in the steel trade be the parties issuing VAT invoices for purchases […]

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Philippines: Smaller rate hike seen

MANILA, Philippines — The Bangko Sentral ng Pilipinas (BSP) sees the possibility of a smaller rate hike next month as inflation likely eased in February from a fresh 14-year high of 8.7 percent in January. BSP Governor Felipe Medalla, in an interview with reporters on the sidelines of the Bankers Night 2023 last Friday, said […]

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Cambodia’s export to South Korea swells under FTA

Cambodia’s export to South Korea has increased significantly thanks to the bilateral free trade agreement, which was put into force last December. Cambodia exported some 44.3 million worth of goods to South Korea in January this year, 39.7 percent compared to January last year, the Korea International Trade Association’s report said last week. Import from […]

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