The Digital Content Creation Alliance (DCCA) at the Vietnam Digital Communications Association (VDCA) has recommended a zero value added tax, or VAT, on digital service revenues generated from foreign markets. Nguyen Viet Tiep, tax senior specialist at DCCA, said local individuals and businesses monetizing in the global digital content market are being subject to “tax […]
Read MoreMANILA, Philippines — Local factories slowed down in March as operating costs continued to turn expensive but some reprieve is on the horizon as inflationary pressures eased. A survey of around 400 manufacturers in the country found that the Philippines’ Purchasing Managers’ Index (PMI), a gauge of manufacturing output, grew at a softer clip of […]
Read MoreThe local insurance industry posted continuous growth over the past decade, reflecting increasing consumer demand and awareness of the importance and benefits of insurance in protecting their well-being. SINGLE-DIGIT GROWTH According to the Thai Life Assurance Association (TLAA), the industry is expected to post 0-2% growth in gross written premiums (GWP) this year, while first-year premiums are […]
Read MoreKUALA LUMPUR (April 3): Malaysia’s headline inflation will fall in the upper end of Bank Negara Malaysia’s forecast range of 2.8%-3.8% this year if the government proceeds with fuel subsidies rationalisation, according to the central bank’s assistant governor Fraziali Ismail. “We spoke about RON95, it is a huge bill to the government, it is not […]
Read MoreWorld Bank has maintained the 2023 economic growth rate forecast for Cambodia at 5.2 percent while it lowered the prospects for the neighbouring countries Vietnam and Thailand from its October 2022 estimates. Vietnam, which was expected to grow at 6.7 percent this year as per the October forecast will now grow by only 6.3 percent […]
Read MoreMANILA, Philippines — Most economists expect inflation to ease for the second consecutive month in March, but are convinced it remained above eight percent or double the higher end of the two to four percent target range of the Bangko Sentral ng Pilipinas (BSP) UnionBank chief economist Ruben Carlo Asuncion said inflation eased further to […]
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Thailand
