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Malaysia: Tourist arrivals to boost consumer sector

PETALING JAYA: The increase in tourist arrivals will have a positive impact on the consumer sector, supported by stronger domestic demand as the labour market remains stable, says MIDF Research. The research house said the reopening of most countries’ borders would further enhance Malaysia’s retail sales due to more tourist arrivals, especially those from China. […]

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Philippines: Export groups await resolution on VAT zero rating

MANILA, Philippines — Three major export industry groups representing the information technology business process management (IT-BPM), semiconductor/ electronics, and the garments/ wearables industries are waiting for a resolution on the value added tax (VAT)-zero rating issue currently being finalized by the government through the Fiscal Incentives Review Board (FIRB). “A solution has been promised by […]

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